Arithmetic on today's supply, not a forecast. It assumes nothing about whether Chainlink could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Chainlink has 747,918,204 LINK in circulation at $11.4960 each, which is $8.6B. Holding that supply still and putting Dogecoin's $14.53B in its place gives $19.4333 per LINK.
The two are close in size, so the answer is a 1.69x move. Chainlink and Dogecoin 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 LINK at that level, which is the part that actually decides a price.
$19.4333 per LINK. That is Dogecoin's current market capitalisation of $14.53B divided across the 747,918,204 LINK in circulation.
1.69x. Chainlink trades at $11.4960 today and Dogecoin's market cap is $14.53B against Chainlink's $8.6B.
No. It is one division: Dogecoin's market capitalisation spread over the supply of LINK that exists today. It assumes nothing about whether Chainlink 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 $14.53B of market cap spread over more coins gives a lower price per coin. This uses the 747,918,204 LINK in circulation now.