Arithmetic on today's supply, not a forecast. It assumes nothing about whether MemeCore could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. MemeCore has 2,250,603,891 M in circulation at $1.1821 each, which is $2.66B. Holding that supply still and putting Ethereum's $306.63B in its place gives $136.2417 per M.
This is the huge end of the comparison. MemeCore would need $303.97B 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 M at that level, which is the part that actually decides a price.
$136.2417 per M. That is Ethereum's current market capitalisation of $306.63B divided across the 2,250,603,891 M in circulation.
115x. MemeCore trades at $1.1821 today and Ethereum's market cap is $306.63B against MemeCore's $2.66B.
No. It is one division: Ethereum's market capitalisation spread over the supply of M that exists today. It assumes nothing about whether MemeCore 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 $306.63B of market cap spread over more coins gives a lower price per coin. This uses the 2,250,603,891 M in circulation now.