Published
5 years ago on
September 05, 2018
“Notwithstanding the fact that any clear-cut explanations for jumps in cryptocurrency prices are nearly impossible to isolate - it is possible that research published last week by ICO advisory firm Satis Group for Bloomberg, has contributed to the bullishness surrounding XMR. Using what they describe as a “Top Down” approach to valuation ("using the quantity theory of money to deduce the value of crypto-assets needed to support a forecasted economy”) - the research group’s forecasts for Monero are the biggest by some way - with estimated one-year gains over 1336%, and a 10-year forecast of XMR hitting nearly $40,000 - a projected gain of over 38,000%.”It seems so, right?Overall, Monero has had a very positive few weeks. This won’t last forever, soon enough the market trend will take back hold of XMR, but, in the meantime enjoy the return this current spike is bringing you.Hey, if in 10 years time, XMR is up 38,000%, i’ll eat my hat, how’s about that? ReferencesCryptoglobe Investment Disclaimer