The ICO consulting firm, Satis Group, has published a report detailing a number of forecasts for the cryptocurrency industry.
The stock market will be worth $500 billion in 2019
In the report, entitled "the concept of crypto asset market coverage: valuation", the consulting company Satis Group, outlined a number of forecasts for the future of the virtual currency market.
The report claims that more than 90 percent of the value of cryptocurrency assets will be derived from the entry of offshore money into the sphere over the next decade, and Satis expects that this will lead to an increase in the market capitalization of all cryptocurrency markets from nearly $ 236 billion today to $ 3.57 trillion in 2028.
Satis Group predicts the total market capitalization of $ 509 billion dollars in the next year and estimates that the market capitalization in 2021 will exceed $ 1 trillion. The report also estimated that BTC will trade at a price of $32'914 in the next year to reach $96'378 for five years and $143'900 in 2028.
Utility-tokens will lose popularity
Satis Group predicts weak prospects for" cryptocurrency assets that attempt to inherit brand awareness and provide minimal technological advantage for operators "in addition to"cryptocurrency assets that are misleading, are not required in their own network and have centralized ownership / verification".
The report added that most of the "networking-specific applications have very little value in their current design, since the high speed of these apps in combination with the lack of design of the conservation values will lead to the fact that such failures will complicate the use of and immersion in value."
The Group also claims that "the greatest growth potential on the market of crypto-currency assets, is in the private sector".
Link to information resiurce -
https://altstake.io/news/satis-kapitalizaciya-kriptorynka-sostavit-1-trln-v2021-godu