Jason Gutry, head of the Asset Manager Wisdomtree, says he is optimistic despite the remarkable lack of noise that usually comes with the crystallized bull tour.
There was no “truly butterfly that usually pushed these market courses”, such as ICOS, or non -explosive symbols (NFTS), or Defi Linding.
He said, “This time, we continued to see the value of the asset category collection, and we continued to see companies based on this technology, increasing revenues, growing customer bases, and continuing to innovate without really suspending their hatred on one of the useful use cases.”
The ICO boom started in 2017, when an estimated $ 4.9 billion was raised. By 2018, this number jumped to $ 33.4 billion. By 2019, it decreased to a little more than 370 million dollars and not to its highest previous levels.
NFTS also spent their day, witnessed a huge increase in popularity in 2020 and continued to grow until it reached its climax in 2022, when trading volumes reached 57.2 billion dollars and the number of market sales reached 121.7 million dollars. The market has been cooled since then.
“I think the fact that we are still in good health without one of them to lead it is a really good sign,” said Gotyry.
Market this course more mature, despite the Memecoin noise
The total market value of encryption was the highest new level ever at 3.71 trillion dollars on December 9 last year, with many cryptocurrencies also recorded significant prices, According to To Coinmarketcap.
During this course, there was also an increasing trend for companies, such as Gamestop Corporation, video game countries, and countries, and Ukraine may be one of the latest companies, which adopts an encryption of weight and reserves.
“I think this is starting to feel like a more mature market that really settles on the issue of its use and support its value,” Gutry said. He added: “I know that there were few Mimin’s things, especially about Solana, but this does not seem anywhere close to the prevailing as the previous type of noise was.” Related to: Bitcoin who suffers from “Shakeout”, not the end of a 4 -year cycle: analysts There was an increase in Memecoin’s activity after Memecoin’s launch of US President Donald Trump on January 18, when Pump.fun’s use of the highest level of $ 3.3 billion in weekly trading volume recorded. However, Hamas Memecoins decreased after a series of bad launch operations and the withdrawal of the rug, killing the investor’s interest, such as the scale rug (Libra). Ultimately, Gutry believes that there is still a “lot of innovation that must be done”, and it is still “very early days”, but the market has matured and has a greater sustainability compared to previous sessions. Additional reports by Sam Burghi. magazine: Signs of danger to Bitcoin, where the retail sale is given to the institutions: Sky Wee
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