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 50,670,362,140 CRO in circulation at $0.0527 each, which is $2.67B. Holding that supply still and putting Hyperliquid's $19.93B in its place gives $0.39332241 per CRO.
A 7.46x 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 CRO at that level, which is the part that actually decides a price.
$0.39332241 per CRO. That is Hyperliquid's current market capitalisation of $19.93B divided across the 50,670,362,140 CRO in circulation.
7.46x. Cronos trades at $0.0527 today and Hyperliquid's market cap is $19.93B against Cronos's $2.67B.
No. It is one division: Hyperliquid'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 $19.93B of market cap spread over more coins gives a lower price per coin. This uses the 50,670,362,140 CRO in circulation now.