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 43,758,040,943 HBAR in circulation at $0.07552 each, which is $3.3B. Holding that supply still and putting Solana's $59.39B in its place gives $1.3572 per HBAR.
Hedera would have to take on $56.08B of new money to get there. A 18.0x 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 HBAR at that level, which is the part that actually decides a price.
$1.3572 per HBAR. That is Solana's current market capitalisation of $59.39B divided across the 43,758,040,943 HBAR in circulation.
18.0x. Hedera trades at $0.07552 today and Solana's market cap is $59.39B against Hedera's $3.3B.
No. It is one division: Solana'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 $59.39B of market cap spread over more coins gives a lower price per coin. This uses the 43,758,040,943 HBAR in circulation now.