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 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 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 group has largely shifted their consideration to Bitcoin and different Layer 1 property like Ethereum, Solana, Toncoin, and Cardano,” Santiment stated in a put up.
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 house for a while.
😀 The crypto group 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, prime 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, 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 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 steady and sustainable market setting.”
“Meme cash have a tendency to draw speculative enthusiasm, typically pushed by hype, viral tendencies, and a playing mindset reasonably than elementary worth. When these property dominate discussions, it sometimes alerts a part of extra greed, the place merchants chase speedy, short-term features with out contemplating long-term viability,” the analytics agency stated.
Sanitment referred to as Bitcoin and different Layer-1 protocols the “foundational infrastructure of the crypto house,” believing that the crypto group’s elevated consideration to those property typically 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 help sensible contracts, decentralized functions, and community scalability—key drivers of long-term development within the business,” the analytics agency stated.
More healthy Market Cycle
The analytics corporations recommended 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 property with robust utility and established market positions, it suggests a more healthy market cycle. This shift encourages a extra balanced ecosystem, decreasing the danger of unsustainable worth 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
