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 23,393,788,601 SKY in circulation at $0.06298 each, which is $1.47B. Holding that supply still and putting Cardano's $7.62B in its place gives $0.32569238 per SKY.
A 5.17x 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.
$0.32569238 per SKY. That is Cardano's current market capitalisation of $7.62B divided across the 23,393,788,601 SKY in circulation.
5.17x. Sky trades at $0.06298 today and Cardano's market cap is $7.62B against Sky's $1.47B.
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 $7.62B of market cap spread over more coins gives a lower price per coin. This uses the 23,393,788,601 SKY in circulation now.