How it works

Two ways to ask “what if”. Here’s an example with ETH and BTC.

Market cap

What if ETH had BTC's market cap?

We give ETH the same market cap as BTC, then divide by the supply used for ETH. NOW uses the current market cap of BTC; ATH uses its historical high.

Peak ratio

What if ETH hit its peak BTC ratio?

We find the highest recorded ETH/BTC price ratio in our available daily history, then apply it to the price of BTC today. This shows what one ETH would cost if it regained that relative strength.

Use the question below your result to flip between the two modes.

What if A had B's market cap?

Select A
Select B
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ENA vs PAXG market cap comparison

As of Sep 17, 2026, if Ethena (ENA) had PAX Gold's (PAXG) market cap of $1.89B, one ENA would be worth $0.1868, 1.21x its current price of $0.1539.

At PAX Gold's all-time-high market cap of $2.44B (Jan 28, 2026), ENA would be worth $0.2418 (1.57x).

PAX Gold is 1.21x the size of Ethena by market cap. The rank gap between them is 6 places.

The gap between ENA and PAXG widened 0.42% since Sep 17, 2026.

MetricEthena (ENA)PAX Gold (PAXG)
Price (USD)$0.1539$4,340
Market cap (USD)$1.55B$1.89B
Market cap rank#54#48
Circulating supply10.1B ENA434.5K PAXG
24h change+4.54%+1.62%

Price of Ethena at PAX Gold's market cap: ($1.89B ÷ $1.55B) × $0.1539 = $0.1868.

Questions

What would ENA be worth with PAX Gold's market cap?
Ethena (ENA) would be worth $0.1868 per coin with PAX Gold's market cap of $1.89B. That is 1.21x its price of $0.1539 on Sep 17, 2026.
How many times would ENA need to grow to reach PAX Gold's market cap?
Ethena would need to grow 1.21x. Its market cap is $1.55B and PAX Gold's market cap is $1.89B.
How is the ENA price at PAXG's market cap calculated?
Price of Ethena at PAX Gold's market cap: ($1.89B ÷ $1.55B) × $0.1539 = $0.1868.

Data provided by CoinGecko. Refreshed daily. Last update Sep 17, 2026.