Bitcoin Price To Be $144,000 In 10 Years, Predicts Research Firm Satis Group
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.
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.
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.
Zcash (ZEC) and Dash (DASH)
Just behind Monero, Satis evaluates that in five years Zcash and Dash will stand roughly $4,400 and $1,900 respectively. While the decade might bring Zcash’s value over $9,000 and Dash’s value at just under $3,000.
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.
The second largest cryptocurrency has struggled throughout 2018 after reaching an all-time high of $1,432. While a lot of hopes have been attached to the token, similar to bitcoin it might not ever reach that high a valuation again, according to Statis report. Though the report suggests that Ethereum will rise from here, peaking in 2019 at $882, then dropping roughly $100 per three, five, and 10 years out.
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.
According to the data:
Ripple (XRP) – is valued at $0.004 in 10 years
Stellar(XLM) – will share a similar faith with consistent prices between $0.01 and $0.02 over the next 10 years.
Cardano (ADA) – will drop to $0.0001 10 years out
EOS (EOS) – oddly drops off to an estimated $0.05 a year from now, only to reach lower than current prices of $4.50 and $4.80 in five and 10 years respectively.
Bitcoin Cash (BCH) – Satis suggests Bitcoin Cash will decline to as low as $268 in 2023 and only $180 in 2028, thus staying far away from its all-time high of $4,330.
While this is the predicted faith of cryptocurrencies according to Statis report. While a general trend can be picked up from the research, the market volatility and the impending degree of crypto and blockchain adoption can dampen its chances on being bang on.
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