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 906,592,070 LEO in circulation at $9.1920 each, which is $8.33B. Holding that supply still and putting Bitcoin's $1.55T in its place gives $1,709.92 per LEO.
This is the huge end of the comparison. UNUS SED LEO would need $1.54T more than it carries today, and at that size it would be one of the largest assets in the world, crypto or otherwise.
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.
$1,709.92 per LEO. That is Bitcoin's current market capitalisation of $1.55T divided across the 906,592,070 LEO in circulation.
186x. UNUS SED LEO trades at $9.1920 today and Bitcoin's market cap is $1.55T against UNUS SED LEO's $8.33B.
No. It is one division: Bitcoin'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 $1.55T of market cap spread over more coins gives a lower price per coin. This uses the 906,592,070 LEO in circulation now.