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.
The valuation of the cryptocurrencies was based on the following three models:
- Top Down: using the quantity theory of money to deduce the value of crypto assets needed to support a forecasted economy
- Peer-Based: using multiples of network-specific metrics to arrive at relative valuations
- 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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
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