While the Crypto Bulls are busy predicting the prices, market cap and what not for the near future, Research firm Satis Group went ahead and analyzed the future of current leading cryptocurrencies after a span of 10 years. To keep the valuations as accurate as possible the firm based their research on real-world data.
Everyone who known and delves in cryptocurrency knows the volatility of the market. Satis Group’s report, penned by researchers Sherwin Dowlat and Michael Hodapp, is a deep dive into cryptocurrency market valuations. The duo derives their valuations through a combination of peer-based metrics, quantity theory, discounted cash flow models, and economic forecasting.
Bitcoin (BTC)
The current market leader in terms of the market cap will continue to reign the market. The Satis Group’s research projects that Bitcoin, created by Satoshi Nakamoto, will be priced at $96,000 by the year 2023, and could reach nearly $144,000 before the end of the next decade.
Monero (XMR)
XMR is predicted to be the next highest value cryptocurrency. Satis estimate that XMR could reach over $18,000 within five years and by 2028, it will rally up to $39,000. According to the report, the “largest upside” in the “entire crypto asset market” is in the privacy sector. The firm believes that the network effect, similar to what’s happened with Bitcoin since its inception, would be repeated with the dominant privacy coins.
While everyone gets a good bundle of odds, excepts Litecoin. The prediction suggests that it will never again reach its all-time high price of $375 and it will stick to just around $225 during the decade.
Joining in Litecoin and Ethereum are the remaining current top 10 cryptocurrencies, who will not just observe a decline but not re-reach their all-time high as the bear market is predicted to continue.
