Initial Coin Offering (ICO) advisory and research firm, Satis Group has published the result of its research predicting the price of bitcoin (BTC) and Monero (XMR) to hit the moon while forecasting a bleak future for Ripple (XRP), according to its report released on August 31, 2018.
A Win for Bitcoin
The world’s flagship cryptoasset, bitcoin reached an all-time high of $20,000 in 2017, with the altcoin market also giving hodlers massive returns on investment.
While 2017 was a year of the bull, 2018 has been ruled by cryptocurrency bears and bitcoin pessimists.
However, ICO advisory company Satis Group has published a new research work estimating the price of BTC to touch a whopping $96K within five years, as it would continue to dominate the entire digital asset market.
Satis Group also explained that factors such as increased liquidity, a proliferation of more bitcoin trading platforms, growing brand recognition, declining relative volatility and bitcoin’s stable position as the default base-pair in the cryptoverse, would fuel a massive surge in the price of bitcoin, taking BTC to $143,900 in ten years time.
It’s worth noting that while the United States Securities and Exchange Commission (SEC) categorizes most digital assets as securities even bitcoin cash, the chairman of the regulatory watchdog stated categorically again in June 2018, that bitcoin is the only cryptocurrency that is not a security.
Satis further noted that coins such as bitcoin cash (BCH), which was hard forked from bitcoin in August 2017, as well as ripple (XRP) would fall way below the pecking order in the cryptoasset market.
“[there will be] Meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH),” Satis explained, adding “and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP).”
The price of XRP has been predicted to slump to the $0.01 price region in five years time, from its current price of $0.32
Price of Ether to Crumble
The Satis Group has also hinted that while it is true that Ethereum has one of the most robust development communities, minor flaws in design and governance would lead to more network upgrades in the future and would, in turn, stagnate the price of ETH and place it at a meager $588 in the year 2028.
Satis predicts a massive bullish run for privacy tokens such as monero (XMR), dash (Dash) and others, with the price of XMR, estimated to surpass $18,000 by 2023 and hit nearly $40,000 in ten years time.