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 Dogecoin's $13.16B in its place gives $10.0536 per NEAR.
A 4.36x 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 NEAR at that level, which is the part that actually decides a price.
$10.0536 per NEAR. That is Dogecoin's current market capitalisation of $13.16B divided across the 1,309,162,628 NEAR in circulation.
4.36x. NEAR Protocol trades at $2.3060 today and Dogecoin's market cap is $13.16B against NEAR Protocol's $3.02B.
No. It is one division: Dogecoin'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 $13.16B of market cap spread over more coins gives a lower price per coin. This uses the 1,309,162,628 NEAR in circulation now.