At the moment, the total market cap of cryptocurrencies stands at $202 billion. Bitcoin leads the pack with a market cap of $6.2 billion. Ethereum is second with $2.5 billion. But ICO advisory firm, Satis Group believes the rally is just getting underway. In fact, they believe that over the next five years, the total market cap could balloon to $500 billion. The ICO advisory expects the total crypto market cap to first exceed $1 trillion by 2021. By 2024, it could reach $2 trillion.
By 2027, $3 trillion. There is a strong uptrend all the way up to the end of the forecast in 2028, when the crypto market cap hits $3.6 trillion.
Bitcoin will reign, according to Satis Group
In fact, they expect the coin to hit $33,000 by 2019.
In the next five years, it could run to $100,000. And by 2028, it could be up to $144,000.
According to Satis Group:
“Despite a lack of appeal during retail frenzies, we continue to believe that BTC and its network effect will dominate end-market share within currencies and the overall cryptoasset market, driven by: 1) increasing liquidity and purchasing avenues, 2) increasing brand recognition, 3) its position as the default base-pair within the crypto markets, 4) declining relative volatility, 5) relative lack of attack vectors, 6) network capacity alleviation through the maturity of layer-2 solutions, and 7) an increasingly high attack and overthrow cost.”
Where will that Investment Come From?
The firm believes 90% of the value will come from offshore deposits, which is an indication of heavy global investment.
They are also most bullish on privacy coins such as Bitcoin and Monero. Plus, according to Crypto Daily, “They’re also optimistic on Dash (projected 1,500% increase), ZCash (projected 6,000% increase), Verge and PIVX, all of which have privacy features.”
Ripple could Lose 99% of its Value
Unfortunately, not all digital currencies will grow during this phase.
The biggest loser will be Ripple and ADA, they note.
Ripple is expected to lose 99% of its value in the next 10 years to trade at 0.004 with ADA also expected to lose 99% to trade at $0.001.
Want the latest crypto news? Join our Telegram Channel