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Bittensor currently trades at $261.48 with a market cap of $2.96B. Pepe's market cap is $1.89B — 0.64× larger. Here's what that gap means per token:
The implied price is current price × (target market cap ÷ current market cap), holding circulating supply constant. It answers "what if Bittensor were valued like Pepe" — it does not predict price, and it says nothing about the capital inflow required to get there. For that, PumpMath's volume calculator walks the actual AMM liquidity curve (x·y=k) of Bittensor's deepest pool.
At Pepe's current market cap of $1.89B, the implied price of Bittensor is $167.14 per TAO — 0.64× its current price of $261.48.
Implied price = current price × (target market cap ÷ current market cap). Bittensor's market cap is $2.96B and Pepe's is $1.89B, so the multiplier is 0.64×. The calculation assumes circulating supply stays constant.
Market cap comparisons show relative scale, not likelihood. Reaching a larger market cap requires sustained net capital inflow; the buy volume needed depends on liquidity, which you can estimate with PumpMath's volume calculator.