Arithmetic on today's supply, not a forecast. It assumes nothing about whether Dogecoin could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Dogecoin has 156,890,316,357 DOGE in circulation at $0.07781 each, which is $12.21B. Holding that supply still and putting TRON's $31.28B in its place gives $0.19937731 per DOGE.
A 2.56x 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 DOGE at that level, which is the part that actually decides a price.
$0.19937731 per DOGE. That is TRON's current market capitalisation of $31.28B divided across the 156,890,316,357 DOGE in circulation.
2.56x. Dogecoin trades at $0.07781 today and TRON's market cap is $31.28B against Dogecoin's $12.21B.
No. It is one division: TRON's market capitalisation spread over the supply of DOGE that exists today. It assumes nothing about whether Dogecoin 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 $31.28B of market cap spread over more coins gives a lower price per coin. This uses the 156,890,316,357 DOGE in circulation now.