According to a new study conducted by the Initial Coin Offer consultancy (ICO) Satis Group, the price of Bitcoin (BTC) could reach $ 98,000 over the next five years. The report written by Sherwin Dowlat and Michael Hodapp represents the fourth part of a series of five parts covering cryptospace.
The report notes that, in terms of upward trends in cryptocurrencies over the next five years, BTC will reach $ 96,000, Monero (XMR) will reach $ 18,000 and Decred (DCR) will reach $ 535.
Bitcoin Cash (BCH) is expected to fall to $ 268, after "[intends] to inherit brand recognition and [provide] a minimal technological advantage to traditional operators." Cryptoactives, which have a centralized property, are supposed to represent little value, with a predicted price of Ripple (XRP) of $ 0.01.
The research team predicts that the "platform network" Ethereum will lose almost half of its share by 2028:
"Although we recognize the strong community around the ETH network, small flaws in design and governance (which we believe will result in disputes that will lead to future network improvements, in particular the move to consensus on the Approval Test (PoS) can expose the relatively low switching costs of the overlay networks built on top of it (ICOs and tokens). "
The latest study also broadens the valuation of the cryptoactives needed to sustain a predicted economy and provides estimates of the state of the market for the next ten years.
According to the report, the value of the cryptoactives needed to support the economy will increase from approximately $ 500 billion next year to $ 3.6 billion in 2028, while 90 percent of the value of the cryptoactive will be extracted from the penetration of Deposits abroad in the next ten years.
The report says that the most fundamental value to support crypto-economics will come from the storage of value-use cases, while analysts believe that the greatest opportunity for crypto-active will be in the storage of value markets:
"Currently, the vast majority of the total capitalization of the cryptoactive market takes place in traditional securities markets, with deposits abroad representing almost 40 percent of the total. Despite the growth of TAM (total addressable market) that resides in [computing, storage and loans], the market capitalization of necessary cryptoactives needs to support the use of those economies falls once adjusted for a higher speed. As a result, the growth of the market capitalization of cryptoactives is mainly due to the greater penetration of cases of use of value. "
Earlier this month, Sanford C. Bernstein & Co.'s research suggested that revenues generated by crypto exchanges could more than double to $ 4 billion in 2018, while ICORating's ICO market report for the second quarter of 2018 showed that the ICO market had more than doubled in one year
I'm thinking Bitcoin will go to at least $50,000.0 if not $70,000.00 by 2019. It's a cycle like many have said but too bad, I have little money.
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