Arithmetic on today's supply, not a forecast. It assumes nothing about whether Sui could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Sui has 4,094,585,913 SUI in circulation at $0.7192 each, which is $2.94B. Holding that supply still and putting NEAR Protocol's $3.02B in its place gives $0.73729776 per SUI.
The two are close in size, so the answer is a 1.03x move. Sui and NEAR Protocol 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 SUI at that level, which is the part that actually decides a price.
$0.73729776 per SUI. That is NEAR Protocol's current market capitalisation of $3.02B divided across the 4,094,585,913 SUI in circulation.
1.03x. Sui trades at $0.7192 today and NEAR Protocol's market cap is $3.02B against Sui's $2.94B.
No. It is one division: NEAR Protocol's market capitalisation spread over the supply of SUI that exists today. It assumes nothing about whether Sui 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 $3.02B of market cap spread over more coins gives a lower price per coin. This uses the 4,094,585,913 SUI in circulation now.