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 Mantle's $1.83B in its place gives $0.6535045 per BTW.
The two are close in size, so the answer is a 1.19x move. Bitway and Mantle are within a factor of two of each other by market capitalisation.
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.
$0.6535045 per BTW. That is Mantle's current market capitalisation of $1.83B divided across the 2,798,917,857 BTW in circulation.
1.19x. Bitway trades at $0.5503 today and Mantle's market cap is $1.83B against Bitway's $1.54B.
No. It is one division: Mantle'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 $1.83B of market cap spread over more coins gives a lower price per coin. This uses the 2,798,917,857 BTW in circulation now.