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 1,314,586,583 NEAR in circulation at $2.3320 each, which is $3.07B. Holding that supply still and putting Bitcoin Cash's $4.55B in its place gives $3.4574 per NEAR.
The two are close in size, so the answer is a 1.48x move. NEAR Protocol and Bitcoin Cash 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.
$3.4574 per NEAR. That is Bitcoin Cash's current market capitalisation of $4.55B divided across the 1,314,586,583 NEAR in circulation.
1.48x. NEAR Protocol trades at $2.3320 today and Bitcoin Cash's market cap is $4.55B against NEAR Protocol's $3.07B.
No. It is one division: Bitcoin Cash'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 $4.55B of market cap spread over more coins gives a lower price per coin. This uses the 1,314,586,583 NEAR in circulation now.