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 48,873,552,452 CRO in circulation at $0.05946 each, which is $2.91B. Holding that supply still and putting XRP's $85.99B in its place gives $1.7595 per CRO.
Cronos would have to take on $83.09B of new money to get there. A 29.6x move is large: it happens, and it usually needs the whole market to grow instead of one coin to take share from another.
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.
$1.7595 per CRO. That is XRP's current market capitalisation of $85.99B divided across the 48,873,552,452 CRO in circulation.
29.6x. Cronos trades at $0.05946 today and XRP's market cap is $85.99B against Cronos's $2.91B.
No. It is one division: XRP'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 $85.99B of market cap spread over more coins gives a lower price per coin. This uses the 48,873,552,452 CRO in circulation now.