An analytics company suggested that Bitcoin may be on its way to another bull market as hype around Meme coins begins to fade and the crypto community regains its interest in flagship crawling and other top tier-1 protocols.
Santiment acknowledged that the transition of the crypto community to Bitcoin May indicate market maturity and create renewed optimism in the market for broader digital assets.
Varying attention to bitcoin
The data giant Santiment noted that the Cryptocurrency sector has once again noticed Bitcoin in recent weeks when the MEME coin Frenzies decreased.
“The Crypto community has largely shifted attention to Bitcoin and other assets 1 such as Ethereum, Solana, Toncoin and Cardano,” Santiment said in a post.
Analytics companies noted that social discussions about bitcoin and other Layer-1 protocols are increasing and past discussions about Meme coinsWhich has been the conversation about the crypto gym for some time.
😀 The Crypto community has largely shifted attention to Bitcoin and other assets 1 such as Ethereum, Solana, Toncoin and Cardano. Overall, Top Layer 1 assets receive 44.2% of the discussions between specific coins. At the same time, topmate -coins like Dogecoin, Shiba … pic.twitter.com/ppbjd9vsi4
– Santiment (@santimentfeed) February 10, 2025
“Overall, the upper Layer 1 assets receive 44% of the discussions between specific coins. At the same time, the best Meme coins such as Dogecoin, Shiba Inu and Pepe are discussed less and less over social media, ”Santiment said.
The data giant attributed to this transition to the “latest volatility and speculative altcoin prize dominance that falls behind.”
More stable, sustainable market
Santiment explained that investors’ attention shift from Meme coins to bitcoin and Layer 1 indicates only “a more stable and sustainable market environment.”
“Meme coins tend to attract speculative enthusiasm, often driven by hype, viral trends and a game thinking rather than basic value. When these assets dominate discussions, it usually signals a phase of surplus, where traders chase fast, short -term gains without considering long -term vitality, ”said the analyst company.
Sanitiet is called Bitcoin and other Layer-1 protocols the “basic infrastructure of the crypto gym”, and believes that the increased attention of the crypto community often reflects a “more mature and informed strategy” of the crypto community.
The data giant added that it also means that society wants to prioritize “security, innovation and adoption of real world.”
“Layer 1 Blockchains supports smart contracts, decentralized applications and networking key drivers of long-term growth in the industry,” said the analytics company.
Healthier market cycle
The analytics companies suggested that investors’ captured attention to Bitcoin and away from Meme coins prove that the crypto community is more likely to sustainability.
“When traders turn back to assets with strong usability and established market positions, it suggests a healthier market cycle. This displacement encourages a more balanced ecosystem, which reduces the risk of unsustainable price overruns and crashes that are purely purely speculative mania, ”Santiment said.
From this writing is bitcoin traded to $ 97,825 per coin, an increase of 0.2% over the past 24 hours. Its total market value is almost $ 2 trillion.
Image from Avira, charts from TradingView