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 44,577,213,346 HBAR in circulation at $0.07323 each, which is $3.26B. Holding that supply still and putting Sky's $1.5B in its place gives $0.03367359 per HBAR.
Hedera is already worth more than Sky. Moving to the smaller cap would take HBAR down to $0.03367359, which is 0.460x 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 HBAR at that level, which is the part that actually decides a price.
$0.03367359 per HBAR. That is Sky's current market capitalisation of $1.5B divided across the 44,577,213,346 HBAR in circulation.
0.460x. Hedera trades at $0.07323 today and Sky's market cap is $1.5B against Hedera's $3.26B.
No. It is one division: Sky'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 $1.5B of market cap spread over more coins gives a lower price per coin. This uses the 44,577,213,346 HBAR in circulation now.