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 Mantle's $1.83B in its place gives $0.07818765 per SKY.
The two are close in size, so the answer is a 1.24x move. Sky and Mantle are within a factor of two of each other by market capitalisation.
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.
$0.07818765 per SKY. That is Mantle's current market capitalisation of $1.83B divided across the 23,393,788,601 SKY in circulation.
1.24x. Sky trades at $0.06298 today and Mantle's market cap is $1.83B against Sky's $1.47B.
No. It is one division: Mantle'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 $1.83B of market cap spread over more coins gives a lower price per coin. This uses the 23,393,788,601 SKY in circulation now.