If Bitcoin is successful in attaining that new target, altcoins would mostly likely follow suit. A spike in Bitcoin (BTC)’s price should see the value of other coins rise up as well, including the value of Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM).
Should the Crypto Research Report prognosis be correct, all these assets should see a major boost in their net worth by 2025. And, if those expectations pan out and there is indeed a surge in their value, these assets should both retain and continue to add to their value through 2030.
According to the Crypto Research Report, bitcoin is at the beginning of the adoption curve. The price of $7,200 marked in 2019 suggests that bitcoin has small clout in the financial sector, but this is only going to improve, the research reassures. Posting its forecasts, Crypto Research Report argues that before the year is out, bitcoin should reach $19,044.
The report fails to specify what happens between 2020 and the next milestone – 2025, when the value of the coin should have reached $341,000 and retain that level until 2030 when it will hit $397,727.
Crypto Research Report also observed that speculative tokens have seen a huge increase recently whereas utility tokens, allowing you to purchase goods and services, have not been as popularly adopted. One of the keys for cryptocurrencies to move forward is for consumers to adopt them massively.
Should this happen and we see more day-to-day expenses settled in cryptocurrencies, the value of Bitcoin and altcoins will increase sooner, the Crypto Research Report speculates. In the meantime, one of the most popular uses of cryptocurrencies has been in blockchain igaming.
Several companies have established a credible track record for using crypto tokens for the purposes of buying in-game goods or just playing popular casino games. Players can find an array of great blockchain igaming solutions on established brands as Bitcasino, Cloudbet, BitStarz, and many other trusted gaming venues.