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.

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