An analytics agency urged that Bitcoin is likely to 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 property 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 few weeks because the meme coin frenzies waned.
“The crypto neighborhood has largely shifted their consideration to Bitcoin and different Layer 1 property 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 cash, which have been the speak 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. 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 mentioned.
The info big attributed this shift to the “current volatility, and speculative altcoin worth 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, typically pushed by hype, viral developments, and a playing mindset moderately than basic worth. When these property dominate discussions, it sometimes indicators a part of extra greed, the place merchants chase fast, short-term positive aspects 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 house,” believing that the crypto neighborhood’s elevated consideration to those property typically displays a “extra mature and knowledgeable method” by the crypto neighborhood.
The info big added that it additionally implies that the neighborhood desires to prioritize “safety, innovation, and real-world adoption.”
“Layer 1 blockchains assist good contracts, decentralized functions, and community scalability—key drivers of long-term progress within the trade,” the analytics agency mentioned.
More healthy Market Cycle
The analytics companies urged 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 property with robust utility and established market positions, it suggests a more healthy market cycle. This shift encourages a extra balanced ecosystem, lowering the chance of unsustainable worth 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 sort of $2 trillion.
Featured picture from Avira, chart from TradingView
