Arithmetic on today's supply, not a forecast. It assumes nothing about whether Cronos could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Cronos has 48,490,919,326 CRO in circulation at $0.05901 each, which is $2.86B. Holding that supply still and putting Aster's $1.87B in its place gives $0.03860707 per CRO.
Cronos is already worth more than Aster. Moving to the smaller cap would take CRO down to $0.03860707, which is 0.654x of what it trades at now.
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 CRO at that level, which is the part that actually decides a price.
$0.03860707 per CRO. That is Aster's current market capitalisation of $1.87B divided across the 48,490,919,326 CRO in circulation.
0.654x. Cronos trades at $0.05901 today and Aster's market cap is $1.87B against Cronos's $2.86B.
No. It is one division: Aster's market capitalisation spread over the supply of CRO that exists today. It assumes nothing about whether Cronos 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 $1.87B of market cap spread over more coins gives a lower price per coin. This uses the 48,490,919,326 CRO in circulation now.