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 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 Attention To Bitcoin
Data large 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 community has largely shifted their attention to Bitcoin and other Layer 1 assets 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 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. Meanwhile, high meme cash like Dogecoin, Shiba… pic.twitter.com/PpBjD9vSi4
— Santiment (@santimentfeed) February 10, 2025
“Collectively, the top Layer 1 assets are getting 44% of discussions among specific coins. Meanwhile, top meme coins like Dogecoin, Shiba Inu, and Pepe are being discussed less and less across social media,” Santiment stated.
The information large attributed this shift to the “recent volatility, and speculative altcoin price dominance falling behind.”
More Stable, Sustainable Market
Santiment defined that buyers’ shift of consideration from meme cash to Bitcoin and Layer 1 solely signifies “a more stable and sustainable market environment.”
“Meme coins tend to attract speculative enthusiasm, often driven by hype, viral trends, and a gambling mindset rather than fundamental value. When these assets dominate discussions, it typically signals a phase of excess greed, where traders chase rapid, short-term gains without considering long-term viability,” the analytics agency stated.
Sanitment known as Bitcoin and different Layer-1 protocols the “foundational infrastructure of the crypto space,” believing that the crypto neighborhood’s elevated consideration to those property typically displays a “more mature and informed approach” by the crypto neighborhood.
The information large added that it additionally implies that the neighborhood desires to prioritize “security, innovation, and real-world adoption.”
“Layer 1 blockchains support smart contracts, decentralized applications, and network scalability—key drivers of long-term growth in the industry,” the analytics agency stated.
Healthier 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 traders pivot back to assets with strong utility and established market positions, it suggests a healthier market cycle. This shift encourages a more balanced ecosystem, reducing the risk of unsustainable price 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 almost $2 trillion.
Featured picture from Avira, chart from TradingView
