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crypto.news 2025-01-28 13:27:58

Meme coin market set for maturation by 2030, says CryptoQuant CEO

Meme coin market set for maturation by 2030, says CryptoQuant CEO

Ki Young Ju, CEO of CryptoQuant, projected that the meme coin market will reach a point of maturation by 2030. In a recent post on X , Ki Young Ju, CEO of CryptoQuant, said that the meme coin hype will fade, but the market will not fizzle out completely. Instead, he says it will go through a gradual phase of maturation over the next five years. He adds that the value in the meme coin sector is legitimized through narrative, similar to the art market, and suggested that it will evolve into a more sustainable market by 2030. The way value is assessed in the meme coin market is similar to that of the art market. Both markets legitimize intangible value through narrative. If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as… https://t.co/TAlmfGxByI — Ki Young Ju (@ki_young_ju) January 26, 2025 Furthermore, Ju explained that the meme coin market is currently in a “peak of inflated expectations,” and that it will eventually enter a “trough of disillusionment” before reaching a phase of gradual maturation. You might also like: Pepe Coin holders shift focus to promising new viral coin Memecoins shine in 2024, but correction looms According to a DWF Labs report , the meme coin market outperformed all other crypto asset classes, rising from $20 billion in Jan. to $120 billion by Dec., which represents a staggering 500% increase. Furthermore, the Dec. 2024 report by CoinGecko revealed that the “main memecoin narrative” accounted for almost 15% of investor interest in 2024, a 6% hike from 2023. However, Ju’s statement suggests that the meme coin market will undergo a necessary correction, transitioning from speculative hype to a more established and regulated market. This perspective echoes the broader industry consensus that the meme coin craze may be nearing its peak, giving way to the rising popularity of AI-agent tokens . On Jan. 1, Haseeb Qureshi, managing partner at Dragonfly Capital, remarked in a post on X , “Memecoins will continue to lose market share to ‘AI agent’ coins.” My 2025 Crypto Predictions I'm either going to look like a prophet or an idiot over these predictions, but one thing is for sure: I'm going to piss off a lot of people with bags. Breaking this up into six sections: my predictions for L1s/L2s, token launches, stablecoins,… — Haseeb ＞|＜ (@hosseeb) January 1, 2025 Read more: Shiba Inu rival at $0.175 could reach $5 before SHIB surges

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