Flips

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 XAUT market cap comparison

As of Sep 19, 2026, if Ethena (ENA) had Tether Gold's (XAUT) market cap of $2.72B, one ENA would be worth $0.27, 1.31x its current price of $0.206.

At Tether Gold's all-time-high market cap of $3.43B (Jan 28, 2026), ENA would be worth $0.3399 (1.65x).

Tether Gold is 1.31x the size of Ethena by market cap. The rank gap between them is 8 places.

The gap between ENA and XAUT narrowed 0.59% since Sep 19, 2026.

MetricEthena (ENA)Tether Gold (XAUT)
Price (USD)$0.206$4,373
Market cap (USD)$2.08B$2.72B
Market cap rank#47#39
Circulating supply10.1B ENA622.82K XAUT
24h change+22.04%-0.15%

Price of Ethena at Tether Gold's market cap: ($2.72B ÷ $2.08B) × $0.206 = $0.27.

Questions

What would ENA be worth with Tether Gold's market cap?
Ethena (ENA) would be worth $0.27 per coin with Tether Gold's market cap of $2.72B. That is 1.31x its price of $0.206 on Sep 19, 2026.
How many times would ENA need to grow to reach Tether Gold's market cap?
Ethena would need to grow 1.31x. Its market cap is $2.08B and Tether Gold's market cap is $2.72B.
How is the ENA price at XAUT's market cap calculated?
Price of Ethena at Tether Gold's market cap: ($2.72B ÷ $2.08B) × $0.206 = $0.27.

Data provided by CoinGecko. Refreshed daily. Last update Sep 19, 2026.