Satis Report - You won't believe what price they say EOS is going to within the next year!
The Satis Group research report came to some interesting conclusions on some very popular cryptocurrencies.
A few days ago, the Satis Group came out with a report detailing what they are expecting to happen in the future for cryptocurrencies and also their prices.
They used past trends, future expectations, and some very interesting estimates as inputs into their models to spit out price predictions for several major cryptocurrencies.
The full report can be accessed here:
https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A
Their findings were pretty interesting to say the least.
The ones that everybody talks about...
The headline grabber from their report was their prediction for bitcoin to be worth $96k within the next 5 years.
As you can imagine, Coindesk, Cointelegraph, as well as CCN were all quick to run with this headline.
Which was then followed closely by the next most controversial price prediction, which was that of XRP.
XRP's 5 year price target was $.01.
The reasoning?
"Little value in XRP ($0.01), and crypto assets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation."
(Source: https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A)
Ouch, well that was pretty harsh, but at least they have conviction in their beliefs!
By the way, if you are not familiar, Satis Group is a major ICO advisory firm.
The most shocking prediction of all?
The most shocking prediction in my opinion was that of EOS.
Yes, the beloved EOS of many here on the Steemit.com platform.
The beloved EOS that raised some $4-$5 billion and was touted and backed by Wall Street heavyweight Mike Novogratz as one of the main players going forward.
What is the Satis Group prediction you might ask?
In 5 years time they think EOS will be worth $4.50. It's currently trading at $6.
Not good, but not terrible I guess.
However, the 1 year estimate is what is really shocking to me...
In just 1 years time, their model predicts EOS will be worth $.05!
Ouch!
The full table of their predictions can be seen here:
(Source: https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A)
Their premise seems to be that store of value, privacy, and currency uses will ultimately win out over the fabric chains which are some of the more popular and valuable today.
EOS and Ether are both expected to lose value over the coming years, though Ether is still expected to have one more moon shot left in it according to their model.
Steem wasn't mentioned but I would imagine it would grade somewhat similar to EOS and Ether considering it is aiming to be a fabric chain as well.
But remember, this is only one group's opinion and opinions are often worth less than the paper they are written on.
Also if prices really do go that low, but bounce back, buying at $.05 would yield a massive return in just 2 years if it gets back to their prediction of $3.60.
Steem likely something similar.
Stay informed my friends.
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That is all pure speculation, but maybe worth the read and reasons.
Everything is speculation at this point. Though they backed up their opinions with their reasoning pretty well. Though like you said, their reasoning is still just speculation.
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I'm not familiar with the term "fabric chain," what's meant by that?
As you mentioned, opinions/predictions like this are often worth little, but I do find it almost refreshing in contrast to the mega-hype currently surrounding EOS. I was shocked to see a coin so speculative jump into the #5 spot on CMC.
Then again, Dogecoin is still worth more than STEEM currently. The markets are anything but rational. Too bad we don't have a crystal ball to see how the crypto space will settle out a decade from now. I'd love to know which coins will fall out of favor ahead of time!
Basically just a chain that is easily built upon or other tokens are easily launched from. Ethereum is the quintessential definition of one.
Gotcha. I'm gonna read through the report in a bit because I'm curious why they think fabric chains have little upside. They seem a lot more dynamic than the older coins and thus, have more potential to revolutionize various societal systems. Maybe my mind will change after reading it!
They think that going forward the most valued is going to be placed on stores of value, decentralization, privacy, and currency use. They go into great detail in their report. It's a really good read if you get the chance to check it out.
Cool. I'll check it out later this evening. Sounds interesting.
Now we can see one more time how afraid the banksters are of EOS. EOS has the potential to be the next Google without any centralised interference but transparent open source algorhythms. My personal opinion differs quite a bit. my prediction: EOS will be on 2nd place in marketcap by 2023 with approx. 50$/EOS /not including the net worth of all the airdrops. ETH will be worth 0.52$ by 2030. lolZ
ps.: convoluted chains with Fees have no purpose whatsoever in future.
just look at blocktivity at the CUI (capacity utilisation index) and see who is doing the job without a sweat. Yeah its EOS and STEEM http://www.blocktivity.info/
and another thing. In September 2008 Bloomberg financial experts told us to hold on to lehmann brothers and to not panic or sell few days before the crash. How legit are these sources ? aren´t they undermined by the bankster cartell and tell you false information to maximize their own profit? Why is nobody out there talking about pure and simple COIN SPECS ?? WHY? because they would have to admit that EOS is 1200 times faster than bitcoin, and 120times faster than ETH and is handling 4.5 million transaction per day at 0.35% capacity. I surely prefer to pay my coffee in realtime with zero fees rather than waiting and paying a fee on top.
Yea they certainly seemed to favor the POW consensus and a limited number of coins, which provides a digital store of value. That and they also favored privacy chains, which is why Monero scored well. They were looking at use cases and their thinking is only a few coins will capture the lions share of the value in the space for store of value, privacy, and currency use cases.
Wow! My head is spinning 🤪
From which part?
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Thanks for shedding some light on this! There might be some point to it, that store of value coins might grow faster. But I don't believe in their bleakish scenario for platform coins, since the would be able to disrupt platform businesses and those are the most highly evaluated companies currently...
True. I am not sure why they don't see any value there to be honest, but they laid out here main value drivers going forward and for whatever reason, platform chains weren't really part of it.
Sounds to me like they have absolutely no clue what they're talking about. They forgot to factor in that the internet created the phenomena of fake news, and soon crypto will create the phenomena of fake money. When that happens, next stop is a mass exodus from national fiat into crypto. There will be as many popular cryptos as there are currently fiat currencies and they will be able to do atomic swaps between them.
Their old models for financial prediction will not work in the new world. As a result, authority will be blindsided. Eventually this ends with the collapse of most national fiat currencies.
I think they are actually predicting something along those lines actually. If you read the report they very strongly favor coins that are either a store of value, offer privacy, or are used as a currency. The ones that can be built on top of didn't grade well in their eyes.
I read the report all the way through, but I don't agree with it. For one thing the estimated market cap by 2028 of 3.6T is drastically low. By then, the internet of money will be the dominant form of banking and the banks that survived will be subservient to crypto. Or we will have a digital panopticon and crypto assets will be a centralized version of bitcoin with high speed networks (aka Fed coin).
They don't seem to understand that the main use case of bitcoin as a SOV is not going to be the dominant use case of even the dominant form of money in the future. The uses of EOS, ETH and other smart contract platforms are going to be the most dominant because they will be used in hospitals, corporate infrastructure, manufacturing and logistics, and will replace many aspects of current governance. Simple P2P value transfer as bitcoin is merely scratches the surface.
The speed at which this is happening suggests the first hiccups to global control will happen by fall 2022 and depending upon whether we fall down the path of a digital panopticon we could then have a generation of pain following thereafter until it's understood by the population that centralized IT doesn't work and is DANGEROUS.
If we're lucky and don't fall down into Amazon becoming a one world government that controls everything with the new constitution based on "social media credit" then decentralization will cause governments to collapse everywhere along with national fiat. When the other 6 billion unbanked people of the world jump the USD petrodollar ship, it will be game over.
It's certainly possible. All we can do is wait and watch with some popcorn. :)
I donot know the base of this kind of reports. Are those guys serious about crypto and its future. I think the EOS must have crossed 500 dollars in next 3-5 years.
This is just a matter of spreading fud and try to degrade the cryto value.
I am not really sure about that. They were big pushers of bitcoin and monero, both of which they likely own very little of. Had they pushed a small coin I would have seen their research as a bit suspect. It actually appears to be fairly impartial on what they actually think might happen.
Seems pretty ridiculous considering no one has been able to come close to guessing prices on any cryptocurrency basically ever, so trying to apply any kind of current trend to cryptos seems pretty useless..
Haha yep, it mostly is. Though it makes for interesting talking points!
The report is utter bullshit. Knowing exactly about the Satis Group knows what I'm talking about. EOS will be worth over $ 1000 in 3-5 years. It even won a Block Award. With reports like this I get to puke.
Did you read the report at all?
Yes. And if you had been closer to the Satis Group you would know what I mean. Confuse the little people with such an EOS article. Do not let people fool you, EOS will be number one in a few years with a price of at least $ 1,000. Go EOS.
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