Store of Value Use Cases Will Drive Crypto Market Growth in the Next Decade

Store of Value Use Cases Will Drive Crypto Market Growth in the Next Decade
фото показано с : blokt.com

2018-9-4 13:59

Focusing extensively on the value of the cryptocurrency market, Satis Group released its new report claiming that the amount of crypto asset market value that is needed to support economic activity could grow from about $500 billion in 2019 to $3.6 trillion in 2028. The forecast projects that the use of cryptocurrency as a store of value will consistently increase over the next decade, with Bitcoin still taking the highest share of the market.

The Story of Bitcoin and Other Coins

Bitcoin (BTC) will likely retain its market dominance over the years to come. The share of the cryptocurrency will decline from 96 percent to 80 percent by 2028, but it will continue to be the largest cryptocurrency by market capitalization. Ripple (XRP), Bitcoin Cash (BCH) and other currencies will likely have a better presence in the next one year. But as the market progresses, they could be displaced by other cryptocurrencies.

Concerning blockchain “platform networks,” Ethereum will maintain its dominance. Its share in the market, however, will go down from 98 percent to just about 50 percent in the next ten years. At the same time, Stellar Lumens (XLM) and NEM (XEM) will continue increasing their market share.

As far as privacy coins are concerned, the most significant market share will be held by Monero (XMR) throughout the projected period. It will increase from 55 percent to 60 percent in the next five years and remain consistent throughout the rest of the decade. With the advent of new privacy coins, Zcash (ZEC) will take the biggest hit. Its share will go down from 35 percent to 15 percent.

Ripple May Not Be as Fortunate

The report further suggests that coins like Ripple, which have been “misleadingly marketed,” have an extremely “centralized structure,” or may not be needed in their native blockchain, will create little value.

The report says:

“Within the Currency networks, we continue to see upside in networks that have cultivated relatively organic growth and community (such as LTC), meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH), and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP).”

Store of Value Use Cases Will Drive Crypto Market Growth in the Next Decade was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Circuits of Value (COVAL) на Currencies.ru

$ 0.0263311 (+1.08%)
Объем 24H $2.461m
Изменеия 24h: 3.82 %, 7d: 9.75 %
Cегодня L: $0.0251565 - H: $0.0264222
Капитализация $46.997m Rank 638
Цена в час новости $ 0.0026034 (911.41%)

value market store cryptocurrency crypto use cases

value market → Результатов: 126


Ethereum to fall further? High profile investors are shorting ETH

Ethereum has seen its value go down by 36% in the past year. Being the world’s second largest cryptocurrency, it is surprising that it is falling at all, but what is even more shocking is that many investors, cryptocurrency enthusiasts and market participants are betting against the fact that the cryptocurrency may see more losses The post Ethereum to fall further? High profile investors are shorting ETH appeared first on ItsBlockchain.

2018-7-26 16:29


Фото:

Wikipedia stands at over $ 8400 – but it’s worth more than $ 200 billion

Bitcoin has recovered somewhat in the past few days, but its value is still almost $200 billion less than when it hit its record high in December 2017. The flagship cryptocurrency is trading just above $8,400 on Wednesday, according to CoinDesk, but that’s still some 58 percent off the $19,783.21 record from December. Market capitalization

2018-7-25 07:30


Gemstra ICO

Gemstra is building a blockchain-integrated ecosystem (ASTRA Platform) and token economy (GMS Token) to unlock social selling to the entire retail market. ASTRA is a smart contract platform. It leverages blockchain technology to put data back in the hands of sellers and enable retailers (called "Merchants" in the Gemstra ecosystem) and brands from the $24 trillion global retail economy to join social selling.

2018-7-24 22:18


Bitcoin Price Up Nearly 3 Percent, Is the Market Turning Bullish?

Ever since December 2017 when the price of Bitcoin reached its all-time high of $19,511, Bitcoin and other cryptocurrencies have been stuck in a very bearish market. Over the last six to seven month’s, the top-ranked cryptocurrency‘s value fell approximately 70 percent and even fell below $6,000 during the end of June 2018. However, despite […]

2018-7-24 13:28


Bitcoin breaches $8000 USD. Bull run imminent?

Bitcoin, despite sell-offs over the weekend, has regained its value and has soared past the $8,000 USD mark today. Over the weekend, because of massive sell-offs in the market, Bitcoin lost 3% of its value over the course of Sunday, however since the beginning of this week, Bitcoin is back and after having gained almost The post Bitcoin breaches $8000 USD. Bull run imminent? appeared first on ItsBlockchain.

2018-7-24 12:12


Tripterium T50 ICO

Tripterium T50 is a tokenized, closed-end index fund (CEF), which passively tracks the top fifty cryptocurrency assets by market capitalisation, in order to deliver healthy returns. The fund has a Venture Capital Feeder Fund, which will invest in expertly-vetted early stage blockchain technology companies that are seeking to undertake an Initial Coin Offering (ICO), therefore benefitting from the ICO returns.

2018-7-22 20:34