Santiment: Interest in Meme Coins Declines as Bitcoin Gains Traction

Santiment has observed a shift in cryptocurrency market sentiment, noting on the X platform that most investors have turned bearish over the past two weeks. The correction in market capitalization, particularly among altcoins, has led to waning interest in meme coins, while Bitcoin is regaining investor attention.  Investor sentiment has transitioned from bullish to bearish, reflecting growing caution across the crypto market. As altcoins face a broader correction, the hype surrounding meme cryptocurrencies is subsiding. Interest in Bitcoin is rising, as investors gravitate toward the perceived stability and long-term value of the leading cryptocurrency. Santiment suggests that this period of "crowd FUD" (fear, uncertainty, and doubt) is a healthy part of the market cycle. Patient traders may find opportunities to profit during the current market downturn.