Arithmetic on today's supply, not a forecast. It assumes nothing about whether Litecoin could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Litecoin has 77,321,839 LTC in circulation at $54.2200 each, which is $4.19B. Holding that supply still and putting Sky's $1.47B in its place gives $18.9866 per LTC.
Litecoin is already worth more than Sky. Moving to the smaller cap would take LTC down to $18.9866, which is 0.350x 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 LTC at that level, which is the part that actually decides a price.
$18.9866 per LTC. That is Sky's current market capitalisation of $1.47B divided across the 77,321,839 LTC in circulation.
0.350x. Litecoin trades at $54.2200 today and Sky's market cap is $1.47B against Litecoin's $4.19B.
No. It is one division: Sky's market capitalisation spread over the supply of LTC that exists today. It assumes nothing about whether Litecoin 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 $1.47B of market cap spread over more coins gives a lower price per coin. This uses the 77,321,839 LTC in circulation now.