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 2,259,195,457 M in circulation at $1.1821 each, which is $2.67B. Holding that supply still and putting Zcash's $19.29B in its place gives $8.5379 per M.
A 7.22x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
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.
$8.5379 per M. That is Zcash's current market capitalisation of $19.29B divided across the 2,259,195,457 M in circulation.
7.22x. MemeCore trades at $1.1821 today and Zcash's market cap is $19.29B against MemeCore's $2.67B.
No. It is one division: Zcash'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 $19.29B of market cap spread over more coins gives a lower price per coin. This uses the 2,259,195,457 M in circulation now.