The cryptocurrency market appears to be moving in a new direction, with attention shifting from highly speculative memecoins to established layer-1 networks.
Analysts at Santiment suggest that this trend signals a more stable and sustainable environment, as traders focus on assets with stronger fundamentals.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON), and Cardano (ADA) have become the primary focus for market participants, according to Santiment’s latest observations. Unlike memecoins, which thrive on hype and social media-driven speculation, these leading blockchain networks offer real-world utility and long-term growth potential.
Periods of memecoin mania often coincide with excessive risk-taking, where investors chase quick profits without considering market stability.
Santiment notes that when such speculative frenzies take hold, they frequently precede corrections, as inflated valuations give way to sharp downturns. By contrast, renewed interest in major layer-1 assets suggests that traders are adopting a more strategic and informed approach.
A market centered on established cryptocurrencies tends to foster a healthier ecosystem, reducing the likelihood of extreme volatility fueled by speculation alone. Santiment sees this shift as a positive development, indicating that investors may be prioritizing sustainable growth over short-term gambling.
A wave of optimism is sweeping through the digital asset space as analysts suggest the U.S. Securities and Exchange Commission (SEC) may begin greenlighting crypto-linked exchange-traded funds (ETFs) as early as July.
Bitcoin may be on the verge of a powerful move that could define the rest of the year, according to one closely followed trader.
Excitement is building around the possibility of U.S. regulators approving a spot Solana ETF, potentially as early as this summer.
Chainlink may soon become a core part of global financial infrastructure, as co-founder Sergey Nazarov revealed that top-tier institutions are actively exploring integration with the decentralized oracle network.