The Initial Counting Advisory Company Satis Group believes that the price of bitcoin could rise to $ 96,000 over the next five years, according to a new report.
Satis Group published the latest report in its five-part analysis of the cryptocurrency ecosystem. this time examining how the cryptocurrency market is assessed and whether this valuation corresponds to the actual assets underlying token prices. The report, written by researchers Sherwin Dowlat and Michael Hodapp, also created forecasts of how the market could look in the coming years.
In particular, the report attempted to predict how cryptocurrency prices might appear over the next five years if assessed based on underlying assets rather than speculation, saying that coins like bitcoin, monero and decred should see their prices peak as are "cryptoassets applying unique value propositions within deep and viral markets."
On the other hand, researchers believe that coins like bitcoin money and other "cryptoassets that attempt to inherit brand recognition and provide a minimal technological advantage to incumbents" will diminish. Coins such as XRP received the toughest forecasts, with the Satis Group stating that the token would fall to $ 0.01.
The report explained:
"Within the currency networks, we continue to see upward in networks that have cultivated relatively organic growth and community (such as LTC), significant disadvantages from networks that have inherited the Brand recognition and potentially short lived the adoption during the hiccup by their fork-parent (as BCH), and very little value in networks that are marketed misleadingly and not even required for use at all times. internal network (such as XRP). "
networks of networks" such as ethereum, providing that in the next 10 years a smaller percentage of token projects will be built on Ethereum rather than on other networks than present (a previous report by Satis Group noted that ethereum has about 86% of the market share for projects built on existing platforms.)
Having said that, "at current levels we still believe that ETH is underestimated. with respect to the share of the criptoasset et TAM target mark ", citing the liquidity and reputation of the cryptocurrency as support of the entire network.
Miniatures on the bitcoin image via Shutterstock