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 BNB's $96.68B in its place gives $73.5445 per NEAR.
NEAR Protocol would have to take on $93.61B of new money to get there. A 31.5x move is large: it happens, and it usually needs the whole market to grow instead of one coin to take share from another.
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.
$73.5445 per NEAR. That is BNB's current market capitalisation of $96.68B divided across the 1,314,586,583 NEAR in circulation.
31.5x. NEAR Protocol trades at $2.3320 today and BNB's market cap is $96.68B against NEAR Protocol's $3.07B.
No. It is one division: BNB'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 $96.68B of market cap spread over more coins gives a lower price per coin. This uses the 1,314,586,583 NEAR in circulation now.