Section 5: Trend by cryptoasset class
CURRENCY-FOCUSED DLT TOKENS
Generally speaking, the tokens that target a purely monetary outreach are the most difficult to project in near or further future. So many contradictory forecasts are published daily by supposedly experts, from value multiplication by 20 to a division by 10 in the course of the year, that it is difficult to judge for real what may be the deep feeling of actors and ultimate usage of the very tokens that aim by definition to replace fiat cash, or live in parallel to it.
Even if nice applications to spend cryptos directly in everyday shops do not make it due to regulations, enrollment of shop owners, etc., then innovative alternatives such as TenX and Monaco will allow crypto holders to do almost just that very conveniently. Furthermore, except for cryptographic cracking, no-one is going to kill DLT tokens, despite repeated calls from some bankers to say that most will be wiped out of the surface of the earth. As long as a node is running, distributed ledgers will carry on.
As long as KYC can be sustainable enforced crypto-gold and crypto-cash look will be admitted by regulators. Then their evolution in price will depend on the use that can be projected of them, and if there is a sustained demand for cryptos.
Digital cash with a focus on anonymity
Monero, ZCash and the like are being looked with scrutiny by legislators that are puzzled by the affinity terrorists and traffics of all kinds can have with it.
Precisely for this reason, these cryptocurrencies may have an intrinsic value of their own; but sadly, they may face successive actions that will affect them in the next months.
On the platform, tokens are expected the most innovation, especially in terms of scalability and governance. The best can be expected to survive with no problem, but the fair price of the tokens is a whole complicated debate.
The value of platform tokens today cannot be explained by their utility value; investors project already more, i.e., the monetary mass that is going to be turning on the DL ultimately and competing thereby with the pure cryptocurrencies on this matter. It may come in order: first pure cryptocurrencies, then smart-contract enabled platforms.
General utility smart contracting platforms
Asset management utility platforms
If all the derivatives instruments valuation comes to be played on those platforms, there is perhaps the potential for 1000 trillion €.
Various natures of platforms (including smart contracting or not)
Captive eco-system tokens
Depends on the success of the ecosystem, where the use of the DLT tokens can be a competitive advantage; so to be looked at on a case by case basis.
Lead by US SEC, it looks that pre-mined ICOed tokens such as Ether and Ripple will have to be considered securities, thereby facing significant trouble for their owners to register properly and for the companies or foundations to comply with laws...
Then the issuance of tokens as fundraising will most probably turn into a fully accepted way of doing it, gain in popularity and usage, bypassing stock exchanges and entering a new era of asset/equity/bond creation and manipulation.
These should be treated just as the collaterals.
One important caveat: if tokenized gold brings precious metals in use for everyday money again, it may cause the price of the collateral commodity altogether to rise!