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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PAXG vs ENA market cap comparison

As of Sep 19, 2026, if PAX Gold (PAXG) had Ethena's (ENA) market cap of $2.08B, one PAXG would be worth $4,782, 1.1x its current price of $4,364.

At Ethena's all-time-high market cap of $15.34B (Apr 11, 2024), PAXG would be worth $35,319 (8.09x).

Ethena is 1.1x the size of PAX Gold by market cap. The rank gap between them is 5 places.

The gap between PAXG and ENA narrowed 8.3% since Sep 18, 2026.

MetricPAX Gold (PAXG)Ethena (ENA)
Price (USD)$4,364$0.206
Market cap (USD)$1.9B$2.08B
Market cap rank#52#47
Circulating supply434.5K PAXG10.1B ENA
24h change-0.24%+22.04%

Price of PAX Gold at Ethena's market cap: ($2.08B ÷ $1.9B) × $4,364 = $4,782.

Questions

What would PAXG be worth with Ethena's market cap?
PAX Gold (PAXG) would be worth $4,782 per coin with Ethena's market cap of $2.08B. That is 1.1x its price of $4,364 on Sep 19, 2026.
How many times would PAXG need to grow to reach Ethena's market cap?
PAX Gold would need to grow 1.1x. Its market cap is $1.9B and Ethena's market cap is $2.08B.
How is the PAXG price at ENA's market cap calculated?
Price of PAX Gold at Ethena's market cap: ($2.08B ÷ $1.9B) × $4,364 = $4,782.

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