Arithmetic on today's supply, not a forecast. It assumes nothing about whether Solana could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Solana has 591,032,018 SOL in circulation at $99.6400 each, which is $58.89B. Holding that supply still and putting Ethereum's $282.7B in its place gives $478.3184 per SOL.
A 4.80x 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 SOL at that level, which is the part that actually decides a price.
$478.3184 per SOL. That is Ethereum's current market capitalisation of $282.7B divided across the 591,032,018 SOL in circulation.
4.80x. Solana trades at $99.6400 today and Ethereum's market cap is $282.7B against Solana's $58.89B.
No. It is one division: Ethereum's market capitalisation spread over the supply of SOL that exists today. It assumes nothing about whether Solana 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 $282.7B of market cap spread over more coins gives a lower price per coin. This uses the 591,032,018 SOL in circulation now.