Arithmetic on today's supply, not a forecast. It assumes nothing about whether TRON could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. TRON has 95,074,754,539 TRX in circulation at $0.3296 each, which is $31.34B. Holding that supply still and putting Cardano's $7.23B in its place gives $0.07606873 per TRX.
TRON is already worth more than Cardano. Moving to the smaller cap would take TRX down to $0.07606873, which is 0.231x of what it trades at now.
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 TRX at that level, which is the part that actually decides a price.
$0.07606873 per TRX. That is Cardano's current market capitalisation of $7.23B divided across the 95,074,754,539 TRX in circulation.
0.231x. TRON trades at $0.3296 today and Cardano's market cap is $7.23B against TRON's $31.34B.
No. It is one division: Cardano's market capitalisation spread over the supply of TRX that exists today. It assumes nothing about whether TRON 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 $7.23B of market cap spread over more coins gives a lower price per coin. This uses the 95,074,754,539 TRX in circulation now.