Arithmetic on today's supply, not a forecast. It assumes nothing about whether Shiba Inu could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Shiba Inu has 591,035,669,298,805 SHIB in circulation at $0.00000525 each, which is $3.1B. Holding that supply still and putting TRON's $32.23B in its place gives $0.00005453615 per SHIB.
Shiba Inu would have to take on $29.13B of new money to get there. A 10.4x 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 SHIB at that level, which is the part that actually decides a price.
$0.00005453615 per SHIB. That is TRON's current market capitalisation of $32.23B divided across the 591,035,669,298,805 SHIB in circulation.
10.4x. Shiba Inu trades at $0.00000525 today and TRON's market cap is $32.23B against Shiba Inu's $3.1B.
No. It is one division: TRON's market capitalisation spread over the supply of SHIB that exists today. It assumes nothing about whether Shiba Inu 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 $32.23B of market cap spread over more coins gives a lower price per coin. This uses the 591,035,669,298,805 SHIB in circulation now.