The overall cryptocurrency bear market has left many investors wondering how prices will play out in the long term. Using real-world data, research firm Satis Group has released its 10-year price forecast for the 10 leading cryptocurrencies.
Top 10 Crypto Asset Valuations
On Aug. 30, Satis Group released a new report that outlines the valuation of leading cryptocurrencies over the next decade.
The report, dubbed “Cryptoasset Market Coverage Initiation: Valuation,” utilized several market factors–including quantity theory of money, multiples of network-specific metrics and discounted cash flow models–to estimate the future value of 10 leading digital assets.
Satis proposes that Bitcoin will maintain its dominance as the world’s largest cryptocurrency by market capitalization and reach $143,900 in 10 years, a 1,941 percent increase in value from its current price.
“Despite a lack of appeal during retail frenzies, we continue to believe that BTC and its network effect will dominate end-market share within currencies and the overall cryptoasset market.”
Among the highest growth cryptocurrencies, Satis predicts that privacy networks, such as Monero (XMR) and Dash (DASH), will have the largest upside. In the report, Satis predicts XMR at $39,584 and DASH at $2,927 by 2028.
“Currency and privacy networks will be the largest beneficiaries, as most fundamental value will stem from store of value use cases.”
Satis further predicts that platform networks, such as EOS and Ethereum, will decline in price over the next 10 years due to issues with governance and user interface.
The report predicts Ethereum (ETH) prices at $882 by 2019 and decreasing over the subsequent nine years to $588.
“Within the Platform networks, we forecasted ETH losing share (from nearly entire share to half share in 2028). While we do acknowledge the strong community around the ETH network, minor flaws in design and governance (which we believe will result in contention leading up to the future network upgrades, notably the move to Proof-of-Stake consensus) can expose the relatively low switching costs of overlying networks built on top of it (the ICO’s, and tokens).”
Notably, Satis predicts that over 90 percent of digital asset value will “be derived from penetration of offshore deposits” and will reach a $3.6T overall market cap by 2028.
Cover Photo by John Fowler on Unsplash
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