Arithmetic on today's supply, not a forecast. It assumes nothing about whether NEAR Protocol could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. NEAR Protocol has 1,309,162,628 NEAR in circulation at $2.3060 each, which is $3.02B. Holding that supply still and putting Avalanche's $3.27B in its place gives $2.5006 per NEAR.
The two are close in size, so the answer is a 1.08x move. NEAR Protocol and Avalanche 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 NEAR at that level, which is the part that actually decides a price.
$2.5006 per NEAR. That is Avalanche's current market capitalisation of $3.27B divided across the 1,309,162,628 NEAR in circulation.
1.08x. NEAR Protocol trades at $2.3060 today and Avalanche's market cap is $3.27B against NEAR Protocol's $3.02B.
No. It is one division: Avalanche's market capitalisation spread over the supply of NEAR that exists today. It assumes nothing about whether NEAR Protocol 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 $3.27B of market cap spread over more coins gives a lower price per coin. This uses the 1,309,162,628 NEAR in circulation now.