An analytics agency steered that Bitcoin is likely to 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 might 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 group has largely shifted their consideration to Bitcoin and different Layer 1 belongings like Ethereum, Solana, Toncoin, and Cardano,” Santiment mentioned in a submit.
The analytics companies 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 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 mentioned.
The information big attributed this shift to the “current volatility, and speculative altcoin value 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 steady and sustainable market setting.”
“Meme cash have a tendency to draw speculative enthusiasm, usually pushed by hype, viral traits, and a playing mindset fairly than elementary worth. When these belongings dominate discussions, it sometimes indicators a section of extra greed, the place merchants chase fast, short-term beneficial properties 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 area,” believing that the crypto group’s elevated consideration to those belongings usually displays a “extra mature and knowledgeable strategy” by the crypto group.
The information big added that it additionally implies that the group needs to prioritize “safety, innovation, and real-world adoption.”
“Layer 1 blockchains assist good contracts, decentralized purposes, and community scalability—key drivers of long-term development within the business,” the analytics agency mentioned.
More healthy Market Cycle
The analytics companies steered that the buyers’ regained consideration in 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, lowering the danger of unsustainable value 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