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.
U.S. Bitcoin exchange-traded funds (ETFs) have experienced their most extended period of withdrawals since launching in January 2024, with over $5.5 billion in outflows over the past five weeks.
Standard Chartered has significantly adjusted its forecast for Ether’s price in 2025, now predicting it will reach only $4,000, down from an earlier target of $10,000.
Ethereum may have found a firm price floor, with blockchain data suggesting that $1,886 is a key accumulation zone.
Strategy, formerly known as MicroStrategy, has continued its aggressive Bitcoin accumulation, acquiring an additional 130 BTC for approximately $10.7 million.