An analytics agency steered that Bitcoin may be heading to a different bull market because the hype round meme cash begins to fade and the crypto group regains its curiosity within the flagship crypto and different prime Layer-1 protocols.
Santiment acknowledged that the crypto group’s shift to Bitcoin may point out market maturity, creating renewed optimism within the broader digital belongings 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 group has largely shifted their consideration to Bitcoin and different Layer 1 belongings like Ethereum, Solana, Toncoin, and Cardano,” Santiment stated in a put up.
The analytics companies famous that social discussions on Bitcoin and different Layer-1 protocols are on the rise, overtaking discussions on meme cash, which have been the speak of the crypto area for a while.
😀 The crypto group 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 information big attributed this shift to the “current 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 steady and sustainable market surroundings.”
“Meme cash have a tendency to draw speculative enthusiasm, usually pushed by hype, viral tendencies, and a playing mindset moderately than basic worth. When these belongings dominate discussions, it sometimes indicators a part of extra greed, the place merchants chase speedy, short-term beneficial properties 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 group’s elevated consideration to those belongings usually displays a “extra mature and knowledgeable method” by the crypto group.
The information big added that it additionally signifies that the group needs to prioritize “safety, innovation, and real-world adoption.”
“Layer 1 blockchains assist sensible contracts, decentralized functions, and community scalability—key drivers of long-term progress within the business,” the analytics agency stated.
More healthy Market Cycle
The analytics companies steered that the traders’ regained consideration in the direction of Bitcoin and away from meme coin proves that the crypto group 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 complete market capitalization is sort of $2 trillion.
Featured picture from Avira, chart from TradingView
