Arithmetic on today's supply, not a forecast. It assumes nothing about whether Sky could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Sky has 23,505,710,333 SKY in circulation at $0.06386 each, which is $1.5B. Holding that supply still and putting Cardano's $7.29B in its place gives $0.31000283 per SKY.
A 4.85x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
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 SKY at that level, which is the part that actually decides a price.
$0.31000283 per SKY. That is Cardano's current market capitalisation of $7.29B divided across the 23,505,710,333 SKY in circulation.
4.85x. Sky trades at $0.06386 today and Cardano's market cap is $7.29B against Sky's $1.5B.
No. It is one division: Cardano's market capitalisation spread over the supply of SKY that exists today. It assumes nothing about whether Sky 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 $7.29B of market cap spread over more coins gives a lower price per coin. This uses the 23,505,710,333 SKY in circulation now.