The first cryptocurrency is back in the spotlight! Bitcoin has reclaimed its crown, once again dominating the market and users' wallets. According to analytics platform Santiment, the flagship cryptocurrency is entering a "healthier market cycle" as interest in meme tokens wanes. Investor focus has shifted back to Bitcoin, Ethereum, and other leading assets.
Santiment's data reveals that over 44% of social media discussions currently revolve around first-tier blockchain assets such as Bitcoin, Ethereum, Solana, TON, and Cardano, while the top six meme coins account for only 4% of discussions.
"Increased focus on these assets usually reflects a more mature and informed approach by the community, which prioritizes security, innovation, and real-world adoption," the company's analysts point out.
In addition, first-tier blockchains support smart contracts, decentralized applications, and network scalability. These are key drivers for long-term growth in the crypto industry, according to the platform's analysts.
Santiment's social sentiment tracker monitors the top 10 trending words across social media.
According to the company's findings, cycles dominated by meme tokens often signal market participants’ desire for short-term gains. Such periods usually precede a crypto market correction. As the hype around meme tokens fades, traders shift their attention back to assets that have proven themselves, with Bitcoin being a prime example, Santiment experts emphasize.
