An analytics agency recommended that Bitcoin may be heading to a different bull market because the hype round meme cash begins to fade and the crypto neighborhood regains its curiosity within the flagship crypto and different high Layer-1 protocols.
Santiment acknowledged that the crypto neighborhood’s shift to Bitcoin might point out market maturity, creating renewed optimism within the broader digital property market.
Shifting Consideration To Bitcoin
Knowledge big Santiment noticed that the cryptocurrency sector has as soon as once more turned its consideration to Bitcoin in the previous couple of weeks because the meme coin frenzies waned.
“The crypto neighborhood has largely shifted their consideration to Bitcoin and different Layer 1 property like Ethereum, Solana, Toncoin, and Cardano,” Santiment mentioned in a publish.
The analytics corporations famous that social discussions on Bitcoin and different Layer-1 protocols are on the rise, overtaking discussions on meme coins, which have been the discuss of the crypto house for a while.
😀 The crypto neighborhood has largely shifted their consideration to Bitcoin and different Layer 1 property like Ethereum, Solana, Toncoin, and Cardano. Collectively, the highest Layer 1 property are getting 44.2% of discussions amongst particular cash. In the meantime, high meme cash like Dogecoin, Shiba… pic.twitter.com/PpBjD9vSi4
— Santiment (@santimentfeed) February 10, 2025
“Collectively, the highest Layer 1 property are getting 44% of discussions amongst particular cash. In the meantime, high meme cash like Dogecoin, Shiba Inu, and Pepe are being mentioned much less and fewer throughout social media,” Santiment mentioned.
The info big attributed this shift to the “current volatility, and speculative altcoin worth dominance falling behind.”
Extra Steady, Sustainable Market
Santiment defined that buyers’ shift of consideration from meme cash to Bitcoin and Layer 1 solely signifies “a extra secure and sustainable market surroundings.”
“Meme cash have a tendency to draw speculative enthusiasm, usually pushed by hype, viral developments, and a playing mindset moderately than basic worth. When these property dominate discussions, it usually alerts a part of extra greed, the place merchants chase fast, short-term positive factors with out contemplating long-term viability,” the analytics agency mentioned.
Sanitment referred to as Bitcoin and different Layer-1 protocols the “foundational infrastructure of the crypto house,” believing that the crypto neighborhood’s elevated consideration to those property usually displays a “extra mature and knowledgeable strategy” by the crypto neighborhood.
The info big added that it additionally implies that the neighborhood desires to prioritize “safety, innovation, and real-world adoption.”
“Layer 1 blockchains assist good contracts, decentralized purposes, and community scalability—key drivers of long-term progress within the business,” the analytics agency mentioned.
More healthy Market Cycle
The analytics corporations recommended that the buyers’ regained consideration in the direction of Bitcoin and away from meme coin proves that the crypto neighborhood is extra inclined to sustainability.
“When merchants pivot again to property with sturdy utility and established market positions, it suggests a more healthy market cycle. This shift encourages a extra balanced ecosystem, decreasing the chance of unsustainable worth surges and crashes fueled purely by speculative mania,” Santiment mentioned.
As of this writing, Bitcoin is being traded at $97,825 per coin, up 0.2% within the final 24 hours. Its complete market capitalization is almost $2 trillion.
Featured picture from Avira, chart from TradingView
