Initial coin offering (ICO) advisory firm, Satis Group, has published a report detailing a number of predictions for the cryptocurrency industry – estimating that the total market capitalization of all combined virtual currency markets will reach nearly $3.6 trillion USD by 2028.
Satis Predicts $500 Billion Market Cap for Cryptoassets in 2019
In a report titled “Cryptoasset Market Coverage Initiation: Valuation,” Satis Group, a cryptographic money warning firm, has laid out various expectations for the coming eventual fate of the virtual cash markets.
The report declares that in excess of 90 percent of “cryptoasset esteem will be gotten from entrance of seaward stores in the following decade,” foreseeing that such will push the market capitalization of all cryptographic money markets, from about $236 billion today, to $3.57 trillion of every 2028.
Satis Group predicts an aggregate market capitalization of $509 billion for one year from now and evaluations that the market top will break above $1 trillion of every 2021. The report additionally evaluates that BTC will exchange at $32,914 amid one year from now, $96,378 in five years time, and $143,900 in 2028.
Satis Predicts Utility Tokens Will Sink in Value
Satis Group predicts a poor outlook for “cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents” in addition to “cryptoassets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation.”
The report adds that most “Utility application-specific networks hold very little value, in their current construct,” asserting that “the high velocity of these applications combined with a lack of value-retaining construct” will result in such failing to garner significant use and “sinking in value.”
Satis Group also asserts that “The largest upside we see in the entire crypto asset market is in the privacy sector.” The report asserts that “The use cases within the privacy markets are incredibly sticky and feed on adoption, especial when regulators and law enforcement are making efforts to increase forensic penetration into public networks like BTC.”
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