Y’all are both right and wrong, it does go by market cap, but it also goes by circulating supply…Market cap is at about 160 bill and supply is 57bill which equals the $2.70 it is rn….if the market cap stayed at 160 bill but the coin’s supply got used up/burned off to only 10bill supply then the price would be $16 per coin (Market Cap/Supply…160/10). It’s simple math, but just do the research on why people believe it will get to those high numbers and you’ll know why they say it will get up there.