Opinion: Within 5 years, the bitcoin rate can …
Opinion: Within 5 years, the bitcoin rate may rise to 96 thousand dollars
The Satis Group, an ICO consulting company, believes that the bitcoin rate may rise to $ 96,000 over the next 5 years. Writes about this CoinDesk.
In its new 5-part report, the firm analyzes how the cryptocurrency market is valued and whether that estimate matches the real value of the assets behind it. The report by Sherwin Dovlat and Michael Hoddap also provides a prediction of how the crypto market will look over the next few years..
The authors of the report tried to predict how the rates of different cryptocurrencies will look like in 5 years, evaluating digital assets by quality characteristics, and not by market dynamics. As a result, it turned out that the prices of cryptocurrencies like Bitcoin, Monero and Decred should rise significantly, because these are “crypto assets with unique and valuable offerings, deep and popular markets”.
On the other hand, researchers believe that cryptocurrencies like Bitcoin Cash and other “crypto assets that follow a recognizable brand and provide minimal technological advantage to those behind those assets” will eventually fail. For example, XRP received one of the worst predictions – researchers believe that the rate of this cryptocurrency will fall to $ 0.01.
“As far as currency networks are concerned, we continue to see a rise in networks whose growth and community develop organically (like LTC), a significant decline in networks that inherit from a recognizable brand and have gained short-term popularity amid problems "parent" (like BCH), as well as very low value for networks with misleading marketing and whose tokens are not needed in their own networks (like XRP), ”the report says..
The article also mentions “network platforms” such as Ethereum. According to the researchers, within 10 years on Ethereum, unlike other similar networks, a small percentage of token projects will be made. Now the opposite is true – according to the previous report from Satis Group, at the moment about 86% of projects based on third-party platforms are on Ethereum..
However, for now, researchers still believe that “ETH is undervalued in relation to its share of the total market it is targeting” given the liquidity and reputation this cryptocurrency has managed to achieve..
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