but at $1, you're looking at $60+ million of fresh capital being injected
No.
Um, how so? How else is a coin suppose to make it to $75 million dollar market cap from $9.x when the majority of the coins are held by longs? That value increase has to come from new capital, obviously. Doesn't matter if it is from outside USD exchanged in or conversion of other alts, it's still new money to drive up the cost per coin.
With $60 million you could basically buy all the coins from every exchange many times over making the price go $500 a coin or something.