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 2,789,881,122 BTW in circulation at $0.5537 each, which is $1.54B. Holding that supply still and putting Shiba Inu's $3.1B in its place gives $1.1122 per BTW.
A 2.01x 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.
$1.1122 per BTW. That is Shiba Inu's current market capitalisation of $3.1B divided across the 2,789,881,122 BTW in circulation.
2.01x. Bitway trades at $0.5537 today and Shiba Inu's market cap is $3.1B against Bitway's $1.54B.
No. It is one division: Shiba Inu'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 $3.1B of market cap spread over more coins gives a lower price per coin. This uses the 2,789,881,122 BTW in circulation now.