Shift from Memecoins to Bitcoin and Layer-1 Protocols
- Layer-1 networks, including Bitcoin and Ethereum, account for 44.2% of social discussions.
- Memecoins like Dogecoin and Shiba Inu are seeing decreased market discussions.
- Santiment suggests this shift indicates market maturity and focus on foundational assets.
- Bitcoin’s price rose by 1.81% to $97,380.20 within a day.
- Ethereum, Toncoin, and Cardano prices increased by 1.44%, 0.56%, and 3.30%, respectively.
The crypto community is shifting focus from memecoins to Layer-1 protocols such as Bitcoin and Ethereum, which now dominate social discussions at 44.2%. This trend suggests a move towards market stability with rising prices for key cryptocurrencies like Bitcoin and Ethereum.
Source (2.6)https://coingape.com/bitcoin-and-toncoin-social-sentiment-jumps-potential-bull-run-ahead/?rand=24432
