Arithmetic on today's supply, not a forecast. It assumes nothing about whether Bitway could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Bitway has 2,798,917,857 BTW in circulation at $0.5503 each, which is $1.54B. Holding that supply still and putting Dogecoin's $14.53B in its place gives $5.1929 per BTW.
A 9.44x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy BTW at that level, which is the part that actually decides a price.
$5.1929 per BTW. That is Dogecoin's current market capitalisation of $14.53B divided across the 2,798,917,857 BTW in circulation.
9.44x. Bitway trades at $0.5503 today and Dogecoin's market cap is $14.53B against Bitway's $1.54B.
No. It is one division: Dogecoin's market capitalisation spread over the supply of BTW that exists today. It assumes nothing about whether Bitway could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $14.53B of market cap spread over more coins gives a lower price per coin. This uses the 2,798,917,857 BTW in circulation now.