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Monero (XMR) $39k and XRP $0.004 in 10 Years?

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Monero
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The privacy centered cryptocurrency of Moner0 (XMR) might be valued at $39,584 in 10 years: an increment of 33,000% from XMR’s current value of approximately $120. This is according to a new report from initial coin offering advisory and research firm of Satis Group. The report tries to forecast the values of our favorite digital assets in the next 10 years. According to the same report, XRP will be valued at $0.004 by 2028 signifying a drop in value of 98.8% from current values of $0.34.

A summary of the findings can be found in the table below from the report.

Estimated values in 10 years. Source, Satis Research

The valuation of the cryptocurrencies was based on the following three models:

  1. Top Down: using the quantity theory of money to deduce the value of crypto assets needed to support a forecasted economy
  2. Peer-Based: using multiples of network-specific metrics to arrive at relative valuations
  3. Bottom-Up: using discounted cash flow models to estimate the value of networks that provide yield

The key takeaways from the report are also as follows:

  • The amount of cryptocurrency market value needed to support economic activities to expand from ~$500B next year to $3.6T in 2028
  • 90%+ of cryptocurrency value will be derived from penetration of offshore deposits in the next decade
  • Currency and Privacy networks will be the largest beneficiaries, as most fundamental value will stem from store of value use cases
  • Increment (10 years) in Bitcoin ($143k), Monero ($39k), and Decred ($899): cryptocurrencies which apply unique value propositions within deep and viral markets
  • A decrease in value in in BCH ($180), and cryptocurrencies which attempt to inherit brand recognition and provide minimal technological advantage to incumbents
  • Almost no value in XRP ($0.004), and cryptocurrencies which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation
  • Most “Other Utility” application-specific networks hold very little value, in their current construct

Privacy will Dominate

From the report, we find that crypto users will value the privacy element of the cryptocurrencies around to further boost the value of the digital assets. This can be found in the predicted gains of privacy coins in 10 years from the table below that also stems from the report.

10-year gains of privacy coins (Highlighted in green)

A Rush to Buy Monero (XMR) and other Privacy Coins

Once the report was made public on the 30th of August, Moner0 (XMR) has risen in value from $96 to current levels of $122 at the moment of writing this. This is a 27% increment in value in less than a week. DASH has also risen 19.5% from $174 to current values of $208 in the same time period.

Looking at other privacy coins of Bytecoin (BCN), ZCash (ZEC) and Verge (XVG), there has been similar upward movement since the 30th of August. ZEC is up from $144 to current values of $152: a percentage increase of 5.55%. BCN has also experienced a growth of 30% from $0.0019 on the 30th of August to current levels of $0.00246. XVG has also had some life pumped into its value and by 31% since the report came out.

In conclusion, for short term and long term investment, privacy coins have proven that they will gain the most when compared with other cryptocurrencies in the markets. Monero (XMR) has been projected to lead the pack in terms of gains for the next 10 years. On the other hand, XRP is headed for a decline of over 98% in the next 10 years further putting the case for total capitulation by XRP HODLers.

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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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