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 Shiba Inu's $3.09B in its place gives $2.3611 per NEAR.
The two are close in size, so the answer is a 1.02x move. NEAR Protocol and Shiba Inu 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.
$2.3611 per NEAR. That is Shiba Inu's current market capitalisation of $3.09B divided across the 1,309,162,628 NEAR in circulation.
1.02x. NEAR Protocol trades at $2.3060 today and Shiba Inu's market cap is $3.09B against NEAR Protocol's $3.02B.
No. It is one division: Shiba Inu'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 $3.09B of market cap spread over more coins gives a lower price per coin. This uses the 1,309,162,628 NEAR in circulation now.