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 Tether Gold's $2.67B in its place gives $0.95553436 per BTW.
The two are close in size, so the answer is a 1.73x move. Bitway and Tether Gold 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.
$0.95553436 per BTW. That is Tether Gold's current market capitalisation of $2.67B divided across the 2,789,881,122 BTW in circulation.
1.73x. Bitway trades at $0.5537 today and Tether Gold's market cap is $2.67B against Bitway's $1.54B.
No. It is one division: Tether Gold'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 $2.67B of market cap spread over more coins gives a lower price per coin. This uses the 2,789,881,122 BTW in circulation now.