Arithmetic on today's supply, not a forecast. It assumes nothing about whether Rain could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Rain has 719,954,269,322 RAIN in circulation at $0.01554 each, which is $11.19B. Holding that supply still and putting NEAR Protocol's $3.07B in its place gives $0.00425807 per RAIN.
Rain is already worth more than NEAR Protocol. Moving to the smaller cap would take RAIN down to $0.00425807, which is 0.274x of what it trades at now.
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 RAIN at that level, which is the part that actually decides a price.
$0.00425807 per RAIN. That is NEAR Protocol's current market capitalisation of $3.07B divided across the 719,954,269,322 RAIN in circulation.
0.274x. Rain trades at $0.01554 today and NEAR Protocol's market cap is $3.07B against Rain's $11.19B.
No. It is one division: NEAR Protocol's market capitalisation spread over the supply of RAIN that exists today. It assumes nothing about whether Rain 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 $3.07B of market cap spread over more coins gives a lower price per coin. This uses the 719,954,269,322 RAIN in circulation now.