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 94,824,443,709 TRX in circulation at $0.3308 each, which is $31.37B. Holding that supply still and putting Avalanche's $3.85B in its place gives $0.04061212 per TRX.
TRON is already worth more than Avalanche. Moving to the smaller cap would take TRX down to $0.04061212, which is 0.123x 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.
$0.04061212 per TRX. That is Avalanche's current market capitalisation of $3.85B divided across the 94,824,443,709 TRX in circulation.
0.123x. TRON trades at $0.3308 today and Avalanche's market cap is $3.85B against TRON's $31.37B.
No. It is one division: Avalanche'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 $3.85B of market cap spread over more coins gives a lower price per coin. This uses the 94,824,443,709 TRX in circulation now.