Arithmetic on today's supply, not a forecast. It assumes nothing about whether Pepe could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Pepe has 416,987,203,264,011 PEPE in circulation at $0.00000496 each, which is $2.07B. Holding that supply still and putting BNB's $98.51B in its place gives $0.00023623 per PEPE.
Pepe would have to take on $96.44B of new money to get there. A 47.6x 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 PEPE at that level, which is the part that actually decides a price.
$0.00023623 per PEPE. That is BNB's current market capitalisation of $98.51B divided across the 416,987,203,264,011 PEPE in circulation.
47.6x. Pepe trades at $0.00000496 today and BNB's market cap is $98.51B against Pepe's $2.07B.
No. It is one division: BNB's market capitalisation spread over the supply of PEPE that exists today. It assumes nothing about whether Pepe 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 $98.51B of market cap spread over more coins gives a lower price per coin. This uses the 416,987,203,264,011 PEPE in circulation now.