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 707,673,648,781 RAIN in circulation at $0.015788 each, which is $11.17B. Holding that supply still and putting Tether Gold's $2.67B in its place gives $0.00376743 per RAIN.
Rain is already worth more than Tether Gold. Moving to the smaller cap would take RAIN down to $0.00376743, which is 0.239x 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.
$0.00376743 per RAIN. That is Tether Gold's current market capitalisation of $2.67B divided across the 707,673,648,781 RAIN in circulation.
0.239x. Rain trades at $0.015788 today and Tether Gold's market cap is $2.67B against Rain's $11.17B.
No. It is one division: Tether Gold'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 $2.67B of market cap spread over more coins gives a lower price per coin. This uses the 707,673,648,781 RAIN in circulation now.