According to the Digital Asset Analytics company Santiment, the interest of the encryption sector is moving away from the memo coin and moving to a large layer -1 project.
Santiments NOTES TRADERS focuses more on Bitcoin (BTC), Ethereum (Ethereum), Solana (SOL), Toncoin (Ton) and Cardano (ADA), which suggests a healthier encryption market mechanics.
“The transition to traders’ interest from Meme Coin to Bitcoin and Layer-1 is generally a sign of a more stable and sustainable market environment. Memecoins often tends to attract speculative passion led by gambling thinking rather than over -advertising, viral trends and basic values. When these assets dominate the discussion, merchants generally signal the stage of excessive greed that follows fast and short -term benefits without considering long -term survival. ”
Santiments will focus on Bitcoin and other layer-1 projects, suggesting the Crypto community’s “more mature and information-based approach”.
“Historically, Memecoin Frenzies is ahead of market correction. If the trader is more useful and returns to an asset that has established the market position, we suggest a healthier market cycle. These changes encourage more balanced ecosystems, reducing the risk of an indefinite price and conflict by speculative enthusiasts. ”
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Created image: Midjourney