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Satis report spells good and bad tiding for Bitcoin and Ripple respectively

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End of last month, Satis Group, an ICO advisory service, and research firm, released a report on the short, medium, and long-term analysis on the price standing and predictions for large-capitalization cryptocurrencies with Bitcoin and Ripple showing impressive results despite Bitcoin’s current unpleasing prices.

The initial coin offering firm published the report with the intentions to examine the current price value of major virtual currencies in the crypto market that include their actual price valuations underlying coin prices.

The published report could not have come at any better time as it contains some market prediction that concern the potential growth of the crypto market in future giving hope to prospective and current investors.

Although at present, according to information provided by CoinMarketCap, the number one ranked cryptocurrency, Bitcoin is exchanging at 6,939 US dollars per coin, marking a price decrease of less 5.77% over the period of last 24-hours. Satis Group analyst predict the price of Bitcoin is going to shoot up to about 96,000 US dollars over the next five years.

It is evident that these new price prediction from Satis Group are not so encouraging in comparison to estimates made by other market researchers and observers who place Bitcoin price valuation in the next five years to be anywhere around the 1 million US dollar level.

Currently, as the market discusses and looks into the findings made by the ICO advisory service and research firm, people are not responding to them positively as Tom Lee, another revered crypto pundit places the price of Bitcoin to be around 91,000 US dollars by Mid-2020.

Regardless of the bashing from investors and traders, the finding by Satis Group still sounds reasonably positive considering the current circumstances that have been bedeviling the crypto market.

Satis Bitcoin’s Bullish Prediction

For some time now, it seems the crypto market has been plagued by stagnation and little positive price movement ever since this year started. But Satis Group has come with hopeful price prediction claiming Bitcoin is going to be one of the virtual currencies that are going to benefit, and realize its potential that the crypto is going to catapult its price to skyrocket to the levels of 96,000 US dollars per coin in the next five years.

Still, on the recent report findings, Satis Group predicts the monetary value of the entire cryptocurrency market would be at $3.6 trillion US dollars by 2023. If this is anything to go by, such a market valuation rise regarding market capitalization would be massive considering the current market cap of the entire crypto market currently standing below 200 billion US dollars.

Satis Group Prediction on Ripple (XRP)

Since the beginning of the year, Ripple (XRP) has managed to maintain a more or less constant price trajectory, and as a result, the digital coin has not been able to fetch attractive price valuation of traction.

At present, Ripple (XRP) is exchanging at around 0.293 US dollars, and when you have a closer look at the digital coin’s price performance since the beginning of the year, you will notice that Ripple’s XRP has been losing its value over time. The cryptocurrency has dropped over 60 percent of its value from the peak.

According to the informatics report by Satis Group, Ripple (XRP) has no utility value attached to it making it a misleadingly marketed digital asset. Many crypto enthusiasts view these sentiments negatively as the digital coin has been gaining mainstream adoption in the financial and banking sector continuously.

Everyone who is familiar with Ripple (XRP) can attest that the digital currency is making highlights with constant news of being adopted by financial companies and banks. It’s just a fact nobody can take away from Ripple.

According to the research, Ripple investors should be on the lookout for a price dip to the zones of 0.01 US dollars away from its current 0.293 US dollar price tag.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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