Arithmetic on today's supply, not a forecast. It assumes nothing about whether Gram (prev. Toncoin) could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Gram (prev. Toncoin) has 2,781,657,961 GRAM in circulation at $1.3640 each, which is $3.79B. Holding that supply still and putting Cronos's $2.86B in its place gives $1.0287 per GRAM.
Gram (prev. Toncoin) is already worth more than Cronos. Moving to the smaller cap would take GRAM down to $1.0287, which is 0.754x 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 GRAM at that level, which is the part that actually decides a price.
$1.0287 per GRAM. That is Cronos's current market capitalisation of $2.86B divided across the 2,781,657,961 GRAM in circulation.
0.754x. Gram (prev. Toncoin) trades at $1.3640 today and Cronos's market cap is $2.86B against Gram (prev. Toncoin)'s $3.79B.
No. It is one division: Cronos's market capitalisation spread over the supply of GRAM that exists today. It assumes nothing about whether Gram (prev. Toncoin) 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 $2.86B of market cap spread over more coins gives a lower price per coin. This uses the 2,781,657,961 GRAM in circulation now.