From my perspective, this is nowhere near enough
Even if there is less speculation (which is a contentious assumption on its own anyway), it doesn't mean more real value came about in absolute terms. On the other hand, lower prices and higher stability may actually lead to greater adoption and real life use over time as factors preventing this adoption may have finally got removed
But here's another catch. We can't be sure that these prices are here to stay for any significant amount of time. And while daily volatility may in fact have diminished dramatically during the last couple of months, it is too early to tell about long-term volatility. In other words, the price being stable today is no guarantee that it won't crash 2x tomorrow (again)