An analytics agency recommended that Bitcoin could 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 prime Layer-1 protocols.
Santiment acknowledged that the crypto neighborhood’s shift to Bitcoin may point out market maturity, creating renewed optimism within the broader digital belongings market.
Shifting Consideration To Bitcoin
Information 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 belongings like Ethereum, Solana, Toncoin, and Cardano,” Santiment stated in a submit.
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 speak of the crypto area for a while.
😀 The crypto neighborhood has largely shifted their consideration to Bitcoin and different Layer 1 belongings like Ethereum, Solana, Toncoin, and Cardano. Collectively, the highest Layer 1 belongings are getting 44.2% of discussions amongst particular cash. In the meantime, prime meme cash like Dogecoin, Shiba… pic.twitter.com/PpBjD9vSi4
— Santiment (@santimentfeed) February 10, 2025
“Collectively, the highest Layer 1 belongings are getting 44% of discussions amongst particular cash. In the meantime, prime meme cash like Dogecoin, Shiba Inu, and Pepe are being mentioned much less and fewer throughout social media,” Santiment stated.
The info big attributed this shift to the “latest volatility, and speculative altcoin value dominance falling behind.”
Extra Secure, Sustainable Market
Santiment defined that traders’ shift of consideration from meme cash to Bitcoin and Layer 1 solely signifies “a extra secure and sustainable market setting.”
“Meme cash have a tendency to draw speculative enthusiasm, usually pushed by hype, viral developments, and a playing mindset moderately than elementary worth. When these belongings dominate discussions, it usually indicators a section of extra greed, the place merchants chase speedy, short-term positive aspects with out contemplating long-term viability,” the analytics agency stated.
Sanitment known as Bitcoin and different Layer-1 protocols the “foundational infrastructure of the crypto area,” believing that the crypto neighborhood’s elevated consideration to those belongings usually displays a “extra mature and knowledgeable strategy” by the crypto neighborhood.
The info big added that it additionally signifies that the neighborhood needs to prioritize “safety, innovation, and real-world adoption.”
“Layer 1 blockchains help good contracts, decentralized purposes, and community scalability—key drivers of long-term progress within the trade,” the analytics agency stated.
More healthy Market Cycle
The analytics corporations recommended that the traders’ regained consideration in direction of Bitcoin and away from meme coin proves that the crypto neighborhood is extra inclined to sustainability.
“When merchants pivot again to belongings with robust utility and established market positions, it suggests a more healthy market cycle. This shift encourages a extra balanced ecosystem, decreasing the chance of unsustainable value surges and crashes fueled purely by speculative mania,” Santiment stated.
As of this writing, Bitcoin is being traded at $97,825 per coin, up 0.2% within the final 24 hours. Its whole market capitalization is almost $2 trillion.
Featured picture from Avira, chart from TradingView