Statis Group Report on Top 10 Cryptocurrencies Future – Overview and some thoughts about it

Recently I have read a report of the Statis group. It was about crypto future prices. Here is the link to the whole report. They have developed a methodology of their one and made evaluation of the top 10 coins.

The report is none of the predictions I have seen before. It defferinceate the coins and gives a very different future for each of them.

Here is the table with the future price prediction.

source

My thoughts on the report

As already mentioned the report gives different scenarios for each of the top 10 coins. It doesn’t go like the usual all in one pack. I find this interesting and respectful. They have tried to give each project a value, and not the whole industry as one. This is important since there is a lot of rubbish in the crypto space.

First with Bitcoin. They have made a bullish prediction for Bitcoin, and this is expected. It is even more bullish than my personal expectation. The estimate 32k next year and 143k in 10 years’ time. Me myself I’m running a long term analysis on Bitcoin using a five years data and a simple statistical method. In those analysis Bitcoin is going up quite slowly, 20k in 10 years’ time. But this are prediction, and nobody can tell the future for sure.
Nevertheless, the Bitcoin prediction are more or less expected, the difference is in that how bullish one is.

Ethereum is a bit of surprise. They expect rise in the next year, value of 882$ but then slowly going down. They say that the major issue is that the proof of stake platforms (like EOS and STEEM) work better, and that slowly they will be catching up. I find this more or less correct but still I would maintain more bullish prediction on ETH. Maybe just slow the growth a little bit.

Ripple XRP is the biggest loser here. The predict a value of 0,004$ in 10 years’ time. And I hope they are right. Personally, I don’t like XRP, it is a centralized entity in the crypto world and its like the Trojan horse. It goes against the decentralized philosophy. Will it go this much down? Will see.

The BCH future doesn’t look so bright as well, they say that this is just an inherited brand recognition from Bitcoin and it would be short lived. The 10 years prediction is 180$

Now on EOS future the things are a little bit odd as well. They forecast a price of 0,05 for the next year, and then slowly up in the next years, reaching 4,5 in 10 years’ time. My thoughts on this that yes maybe EOS is just a little bit ahead of his time but having this HUGE drop in price is unrealistic. I would suggest a stagnation or a small drop, and then up again.

EOS is at the moment stacked almost 60%. Meanin that only 40% are in ciculation and for sale. I expect the stacked amount to increase in time. And if somebody sales the small unstacked part that will left, people will buy it and stacked it.

XLM and ADA according to this report doesn’t have a bright future. I don’t have a lot of info on these coins and I don’t know what to say on this.
LTC on the other hand have a natural growth.

The private coins

Now coming to the so called private coins, Monero (XMR) and Dash. This are actually the biggest surprise to me from the report. Monero has incredible 38k % predicted growth in the 10 years’ time and Dash 1400%. Talking about bull run.

Guess where do they think this growth will come from? Offshore deposits! Yes, and not just for these two coins. The report says that 90% of the future growth in crypto will be from offshore deposits. The price of Bitcoin will be driven by offshore deposits as well, in the next decade.

I don’t know what to say about this. I have mixed feelings about it. I surely want crypto to grow, but I was expecting it from a real use cases, from application and development and tokenization of everyday life. Not from a world money laundering machine.

I still believe that this will be the case. That crypto will in major way pull the value from tokenization of everyday life. And from having a trusted third party that nobody controls to confirms our daily actions.

As always the time will have the final verdict on this 😊.

Previous posts on this subject:

• STEEM Long Term Price Analysis Using More Than Two Years Data – monthly update
• Bitcoin long term price analysis September 2018

All the best.
@dalz