{"id":12594,"date":"2025-02-12T04:01:38","date_gmt":"2025-02-12T04:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12594"},"modified":"2025-02-12T04:01:38","modified_gmt":"2025-02-12T04:01:38","slug":"bitcoin-sentiment-hits-new-high-will-prices-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12594","title":{"rendered":"Bitcoin Sentiment Hits New High\u2014Will Prices Follow?"},"content":{"rendered":"
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An analytics firm suggested that Bitcoin might be heading to another bull market as the hype around meme coins starts to fade and the crypto community regains its interest in the flagship crypto and other top Layer-1 protocols.<\/p>\n

Santiment acknowledged that the crypto community\u2019s shift to Bitcoin<\/a> could indicate market maturity, creating renewed optimism in the broader digital assets market.<\/p>\n

Shifting Attention To Bitcoin<\/strong><\/h2>\n

Data giant Santiment observed that the cryptocurrency sector has once again turned its attention to Bitcoin in the last few weeks as the meme coin frenzies waned.<\/p>\n

\n\u201cThe crypto community has largely shifted their attention to Bitcoin and other Layer 1 assets like Ethereum, Solana, Toncoin, and Cardano,\u201d Santiment said in a post.\n<\/p><\/blockquote>\n

The analytics firms noted that social discussions on Bitcoin and other Layer-1 protocols are on the rise, overtaking discussions on meme coins<\/a>, which have been the talk of the crypto space for some time.<\/p>\n

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\"\ud83d\ude00\" The crypto community has largely shifted their attention to Bitcoin and other Layer 1 assets like Ethereum, Solana, Toncoin, and Cardano. Collectively, the top Layer 1 assets are getting 44.2% of discussions among specific coins. Meanwhile, top meme coins like Dogecoin, Shiba\u2026 pic.twitter.com\/PpBjD9vSi4<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) February 10, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

\n\u201cCollectively, 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,\u201d Santiment said.\n<\/p><\/blockquote>\n

The data giant attributed this shift to the \u201crecent volatility, and speculative altcoin price dominance falling behind.\u201d<\/p>\n

More Stable, Sustainable Market<\/strong><\/h2>\n

Santiment explained that investors\u2019 shift of attention from meme coins to Bitcoin and Layer 1<\/a> only indicates \u201ca more stable and sustainable market environment.\u201d<\/p>\n

\u201cMeme 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,\u201d the analytics firm said.<\/p>\n

<\/p>\n

Sanitment called Bitcoin and other Layer-1 protocols the \u201cfoundational infrastructure of the crypto space,\u201d believing that the crypto community\u2019s increased attention to these assets often reflects a \u201cmore mature and informed approach\u201d by the crypto community.<\/p>\n

The data giant added that it also means that the community wants to prioritize \u201csecurity, innovation, and real-world adoption.\u201d<\/p>\n

\n\u201cLayer 1 blockchains support smart contracts, decentralized applications, and network scalability\u2014key drivers of long-term growth in the industry,\u201d the analytics firm said.\n<\/p><\/blockquote>\n

Healthier Market Cycle<\/strong><\/p>\n

The analytics firms suggested that the investors\u2019 regained attention towards Bitcoin and away from meme coin proves that the crypto community is more inclined to sustainability.<\/p>\n

\u201cWhen 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,\u201d Santiment said.<\/p>\n

As of this writing, Bitcoin is being traded at $97,825<\/a> per coin, up 0.2% in the last 24 hours. Its total market capitalization is nearly $2 trillion.<\/p>\n

Featured image from Avira, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

An analytics firm suggested that Bitcoin might be heading to another bull market as the hype around meme coins starts to fade and the crypto community regains its interest in the flagship crypto and other top Layer-1 protocols. Santiment acknowledged that the crypto community\u2019s shift to Bitcoin could indicate market maturity, creating renewed optimism in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12594","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12594"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12594\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}