Monero (XMR) $39k and XRP $0.004 in 10 Years? - Global Coin Report
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Monero (XMR) $39k and XRP $0.004 in 10 Years?

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Monero

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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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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