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 48,304,723,471 CRO in circulation at $0.05979 each, which is $2.89B. Holding that supply still and putting Shiba Inu's $3.1B in its place gives $0.06411875 per CRO.
The two are close in size, so the answer is a 1.07x move. Cronos and Shiba Inu 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 CRO at that level, which is the part that actually decides a price.
$0.06411875 per CRO. That is Shiba Inu's current market capitalisation of $3.1B divided across the 48,304,723,471 CRO in circulation.
1.07x. Cronos trades at $0.05979 today and Shiba Inu's market cap is $3.1B against Cronos's $2.89B.
No. It is one division: Shiba Inu'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 $3.1B of market cap spread over more coins gives a lower price per coin. This uses the 48,304,723,471 CRO in circulation now.