Arithmetic on today's supply, not a forecast. It assumes nothing about whether Stellar could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Stellar has 34,853,787,158 XLM in circulation at $0.1796 each, which is $6.26B. Holding that supply still and putting TRON's $32.26B in its place gives $0.92556122 per XLM.
A 5.15x 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 XLM at that level, which is the part that actually decides a price.
$0.92556122 per XLM. That is TRON's current market capitalisation of $32.26B divided across the 34,853,787,158 XLM in circulation.
5.15x. Stellar trades at $0.1796 today and TRON's market cap is $32.26B against Stellar's $6.26B.
No. It is one division: TRON's market capitalisation spread over the supply of XLM that exists today. It assumes nothing about whether Stellar 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 $32.26B of market cap spread over more coins gives a lower price per coin. This uses the 34,853,787,158 XLM in circulation now.