Arithmetic on today's supply, not a forecast. It assumes nothing about whether UNUS SED LEO could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. UNUS SED LEO has 906,595,874 LEO in circulation at $9.1920 each, which is $8.33B. Holding that supply still and putting BNB's $96.71B in its place gives $106.6728 per LEO.
UNUS SED LEO would have to take on $88.38B of new money to get there. A 11.6x 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 LEO at that level, which is the part that actually decides a price.
$106.6728 per LEO. That is BNB's current market capitalisation of $96.71B divided across the 906,595,874 LEO in circulation.
11.6x. UNUS SED LEO trades at $9.1920 today and BNB's market cap is $96.71B against UNUS SED LEO's $8.33B.
No. It is one division: BNB's market capitalisation spread over the supply of LEO that exists today. It assumes nothing about whether UNUS SED LEO 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 $96.71B of market cap spread over more coins gives a lower price per coin. This uses the 906,595,874 LEO in circulation now.