While earlier this year the ICO advisory service and research firm Satis Group pointed out that more than 80% of all ICOs could be scams, now Satis Group came up with its predictions regarding the future of cryptocurrencies. Accordingly, the Satis Group believes that Monero (XMR) will reach $18,000 and Bitcoin (BTC) to surpass $96,000.
Monero (XMR) and Bitcoin (BTC) would surge, while XRP (XRP) and Cardano (ADA) would plummet
More specifically, both Monero (XMR) and Bitcoin (BTC) will be the major gainer in five years from now. The XMR will reach $18,498, and the BTC will hit $96,378 by the end of 2023.
On the other hand, the firm also forecasted that XRP (XRP) would drop by 97% to $0.01, while Cardano (ADA) would also register massive losses to $0.001.
As for their ten years predictions, the Satis Group envisions Monero (XMR) reaching $39,584. Also, by the end of 2028, Bitcoin (BTC) would hit $143,900.
On the other hand, also by the end of 2028, XRP (XRP) will drop further to $0.004, while ADA would remain constant.
Satis Group also forecasted the future prices of the other top-10 cryptocurrencies in the market
Besides Monero (XMR) and Bitcoin (BTC) predictions, the Satis Group also predicted the future costs of the other significant crypto coins.
Accordingly, in five years from now, Litecoin (LTC) would hit $134 with gains of 115%, Bitcoin Cash (BCH) might reach $268 after losing 52%, while Stellar (XLM) would drop 91% to $0.02.
Above all, the Satis’ report suggests that Bitcoin (BTC) will maintain its leading position in the cryptocurrencies market, while Monero (XMR) would record the most significant gains on both five-year and ten-year predictions with +17,887% and +39,391%, respectively.
However, you should take this with a grain of salt because the Satis Group’s report is not taking into considerations possible factors that could influence the evolution of cryptocurrencies in the market, such as potential future cryptocurrency bans, crypto regulations, and so on.