Arithmetic on today's supply, not a forecast. It assumes nothing about whether Ondo could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Ondo has 4,871,075,094 ONDO in circulation at $0.4058 each, which is $1.98B. Holding that supply still and putting Bitcoin's $1.61T in its place gives $329.7552 per ONDO.
This is the huge end of the comparison. Ondo would need $1.6T more than it carries today, and at that size it would be one of the largest assets in the world, crypto or otherwise.
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 ONDO at that level, which is the part that actually decides a price.
$329.7552 per ONDO. That is Bitcoin's current market capitalisation of $1.61T divided across the 4,871,075,094 ONDO in circulation.
813x. Ondo trades at $0.4058 today and Bitcoin's market cap is $1.61T against Ondo's $1.98B.
No. It is one division: Bitcoin's market capitalisation spread over the supply of ONDO that exists today. It assumes nothing about whether Ondo 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 $1.61T of market cap spread over more coins gives a lower price per coin. This uses the 4,871,075,094 ONDO in circulation now.