Arithmetic on today's supply, not a forecast. It assumes nothing about whether World Liberty Financial could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. World Liberty Financial has 31,767,948,873 WLFI in circulation at $0.0575 each, which is $1.83B. Holding that supply still and putting PAX Gold's $1.89B in its place gives $0.05934419 per WLFI.
The two are close in size, so the answer is a 1.03x move. World Liberty Financial and PAX Gold 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 WLFI at that level, which is the part that actually decides a price.
$0.05934419 per WLFI. That is PAX Gold's current market capitalisation of $1.89B divided across the 31,767,948,873 WLFI in circulation.
1.03x. World Liberty Financial trades at $0.0575 today and PAX Gold's market cap is $1.89B against World Liberty Financial's $1.83B.
No. It is one division: PAX Gold's market capitalisation spread over the supply of WLFI that exists today. It assumes nothing about whether World Liberty Financial 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 $1.89B of market cap spread over more coins gives a lower price per coin. This uses the 31,767,948,873 WLFI in circulation now.