$MANTA IS MY CALCULATION CORRECT???
It doesn't seem like it, because even reaching 5 Billion Market Cap won't be possible 🤣🤣
But
Let's calculate together.
Basic Concept:
* Market Cap is the total market value of all coins in circulation.
* Market Cap Formula: Market Cap = Price per Coin x Total Circulating Supply
Analysis:
* Initial Data:
* Current price: $1.2
* Total Supply: 1 billion tokens
* Current Market Cap: $400 million
* Target Market Cap: $35 billion
Finding a New Price:
We will use the Market Cap formula to find a new price. * Determine the Market Cap increase ratio:
* Market Cap Increase = Target Market Cap / Current Market Cap
* Market Cap Increase = $35 billion / $400 million = 87.5 times
* Multiply the current price by the increase ratio:
* New Price = Current Price x Increase Ratio
* New Price = $1.2 x 87.5 = $105
So, if Manta's Market Cap increases to $35 billion with a fixed total supply of 1 billion tokens, then the price of Manta will be around $105.