Arithmetic on today's supply, not a forecast. It assumes nothing about whether Hedera could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Hedera has 43,623,190,080 HBAR in circulation at $0.07555 each, which is $3.3B. Holding that supply still and putting Canton's $3.9B in its place gives $0.08935598 per HBAR.
The two are close in size, so the answer is a 1.18x move. Hedera and Canton 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 HBAR at that level, which is the part that actually decides a price.
$0.08935598 per HBAR. That is Canton's current market capitalisation of $3.9B divided across the 43,623,190,080 HBAR in circulation.
1.18x. Hedera trades at $0.07555 today and Canton's market cap is $3.9B against Hedera's $3.3B.
No. It is one division: Canton's market capitalisation spread over the supply of HBAR that exists today. It assumes nothing about whether Hedera 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 $3.9B of market cap spread over more coins gives a lower price per coin. This uses the 43,623,190,080 HBAR in circulation now.