Satis Group Crypto Asset Research: Bitcoin Price At $96,000, XRP At $0.01 In 5 Years
Satis Group, an Initial Coin Offering (ICO) advisor company, believes that the price of Bitcoin will jump to $96,000 USD in the next five years. According to the latest report published by Satis, the group evaluated how the crypto market is valued and how the actual assets underline the tokens of the company. The report was written by Sherwin Dowlat and Michael Hodapp.
The report is very informative. There are several market predictions about how a big variety of tokens might look like in the time period of five years. The research is valued on the actual underlying assets of each token and their technology instead of blind speculation.
According to the reports, some tokens like Bitcoin and Monero will see their prices spiking in the future as they are assets that have unique value propositions and their markets have a lot of space for growing.
However, other tokens like Bitcoin Cash, for instance, and many other attempts to inherit brand recognition with a minimal technological advantage will drop in price and not be very successful in the future. This means that, despite Bitcoin Cash being actually an improved version of the Bitcoin core, the company is betting on the name of the original.
One of the tokens which had the harshest prediction was XRP. Ripple affirmed that the token could drop to even $0.01 USD a piece.
The research has clearly identified three types of tokens. The most successful ones will be the ones which already have an active community like the original Bitcoin and Litecoin. The ones that tried to inherit a brand like Bitcoin Cash will not be so successful down the road and have a lot more risk of dying.
The predictions are harsher, as stated before, with tokens that have “very little value in networks that are misleadingly marketed and not even required” like Ripple. Many altcoins also follow this pattern.
What About Ethereum?
According to the company, Ethereum seems to be a case of a platform network. While in the next five years we will see a smaller percentage of token projects built on top of Ethereum as other companies appear, it looks to the company that Ethereum is currently undervalued.
This means that the price may rise, but not too much and not too quickly because it will lose its dominance in the market.