Crypto Market Shows Signs of Maturity Amid Subdued Hype: WisdomTree Exec

By: thecoinrise|2025/05/16 18:00:13
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The ongoing crypto market cycle is unfolding with a striking difference from previous rallies — the absence of hype-driven trends like ICOs, NFTs, and DeFi manias. Yet, according to Jason Guthrie, head of product at asset manager WisdomTree, this lack of flash may actually signal a more mature and sustainable phase for the industry.Speaking at Consensus, Guthrie emphasized that despite the market’s strength, “there hasn’t been a really frothy use case that has typically driven these market cycles previously.” Instead, he pointed to the steady growth of blockchain-based companies and consistent innovation as healthier signs of progress than speculative fads.A New Type of Crypto CyclePast bull runs have often been tied to explosive but short-lived trends. The 2017 ICO boom raised $4.9 billion, skyrocketing to $33.4 billion in 2018 before collapsing the following year. Similarly, the NFT frenzy saw its peak in 2022, reaching $57.2 billion in trading volume and over 121 million sales. Both trends have since cooled considerably, with little lasting infrastructure built from the hype.“This time, we’ve continued to see the asset class gathering value,” Guthrie noted, highlighting growing client bases, increasing revenues, and long-term innovation. “We’re still healthy without one of those drivers — and that’s a really good sign.”The crypto market hit an all-time high capitalization of $3.71 trillion on December 9 last year, with several cryptocurrencies gaining significant value. However, this milestone wasn’t powered by speculative trends, but rather broader institutional and governmental interest — including treasuries like GameStop and possibly Ukraine exploring crypto adoption.Memecoins Still Flicker, but Fizzle FastAlthough memecoins have remained a headline-grabbing element of the space, Guthrie believes they are less influential than before. A brief surge followed the January 18 launch of Donald Trump’s memecoin, with Pump.fun logging $3.3 billion in weekly trading volume. But the excitement faded quickly after numerous rug pulls — including the widely publicized collapse of Libra (LIBRA) — shook investor confidence.“There’s still a lot of innovation to do,” Guthrie concluded. “But the market feels more mature now — and that’s key for long-term sustainability.” The post Crypto Market Shows Signs of Maturity Amid Subdued Hype: WisdomTree Exec appeared first on TheCoinrise.com.

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