The ICO consulting service and research firm Satis Group published a report with short, medium and long-term price for large-scale cryptanalysis with Bitcoin and Monero said to outperform the rest.
Bullish Satis on Bitcoin (BTC
Despite the bearish market that has plagued the cryptocurrency market from the beginning of the year, Satis Group believes that Bitcoin has enormous potential and will most likely reach around $ 96,000. over the next five years.
The company made this prediction known in its recent report, adding that the market capitalization of cryptocurrency would hit $ 3.6 trillion in 2023. This would be a massive increase considering the fact that market capitalization is just over $ 200 billion.
Monero (XMR) to lead the way to the coins for privacy
In addition to Bitcoin, Satis is also bullish on Monero, which the company waits from its $ 18,000 in the next five years.The eleventh largest cryptocurrency is currently trading at $ 120 per coin and an increase to $ 18,000 ($ 18,498) would be massive for the currency for the privac y.
Litecoin, which is trading at $ 63 at the moment, is expected to rise only a little at $ 134 over the next five years and at $ 225 over the next decade.
The second largest cryptocurrency, Ethereum, does not have the possibility to reach its previous historical maximum in the next five years according to Satis. The group estimates that ETH will rise to $ 778 over the next three years, but will fall to $ 686 in the fifth year.
Regarding Ethereum, the company said that:
While we recognize the strong community around the ETH network, minor flaws in design and governance (which we believe will lead to a contention leading to future updates of the network , in particular the transition to consensus to the PoS) can expose the relatively low switching costs of the overlying networks built above (ICO and tokens).
Dash will record growth of $ 1,896 by 2023. This means it will increase by more than 900% from the current price of $ 203 and is expected to reach $ 2,927 by 2028.
XRP, BCH and EOS have predicted a significant decline
Satis Group has had a very bearish sentiment on Ripple, Bitcoin Cash, EOS and a number of other leading cryptocurrencies.
The Ripple XRP will continue to decline and will hit $ 0.01 by 2023 in 2028, the cryptocurrency leave even more at $ 0.004. Bitcoin Cash that currently trades at $ 552 should lose almost 50% of its value by 2023 to trade at $ 268.
EOS will also lose its value in the next five years and trade at $ 4.5, according to Satis Group. Stellar Lumen and Cardano are the other cryptocurrencies that should lose more than 50% of their value in the coming years.
Satis not optimistic about utility tokens
The report also looked at utility tokens and was not optimistic about them.
Although the company expects application-specific tokens to end up penetrating markets such as information technology, gaming, and gambling, they believe that these tokens have limited capabilities of hold and increase the value.
The company stated that:
(T) The high speed of these applications combined with the lack of a construct of maintaining the value will result in them: 1) not be used and sink into value, or 2) have a high use and in turn a lower value as a result of high speed.