Initial coin offering advisory firm Satis Group predicts Bitcoin’s price could reach USD 144,000 within the next decade and USD 96,000 in half that time, but the crypto community is getting less gullible. “Someone with a bias makes a guess,” is how Reddit user u/bahkins313 sums up the reaction from the rest of the community.
These predictions were reached by starting at the assumption that the more tokens are in circulation, the less their value. The research also estimates a constant increase in price, but claims “conservative” estimates in general. In short, it relies on a price prediction based on underlying value rather than speculation. “Cryptoassets which apply unique value propositions within deep and viral markets” should spike, and these include Bitcoin, Monero and Decred among others, while Bcash will drop as it is a “cryptoasset which attempts to inherit brand recognition and provide minimal technological advantage to incumbents.”
The prices that should see the biggest drop, according to the document, are Stellar, Ripple and Cardano; Monero is estimated to reach close to USD 40,000 within the decade, and Ethereum should see about a double increase in price, but neither a spike nor a drop like the others.
0 comments:
Post a Comment