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 Bitcoin's $1.61T in its place gives $68.3350 per SKY.
This is the enormous end of the comparison. Sky would need $1.6T more than it carries today, and at that size it would be one of the largest assets in the world, crypto or otherwise.
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.
$68.3350 per SKY. That is Bitcoin's current market capitalisation of $1.61T divided across the 23,505,710,333 SKY in circulation.
1,070x. Sky trades at $0.06386 today and Bitcoin's market cap is $1.61T against Sky's $1.5B.
No. It is one division: Bitcoin'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 $1.61T of market cap spread over more coins gives a lower price per coin. This uses the 23,505,710,333 SKY in circulation now.