In a week of impressive market recovery, altcoins have taken center stage with Bittensor, Helium, and Solana emerging as top performers.
While Bitcoin’s social volume continues to decline, traders are increasingly drawn to speculative altcoins showing promising trends.
Bittensor has experienced a remarkable 70% surge in the past seven days, reflecting a 54% increase on the weekly chart and an impressive 393% surge over the last three months.
📈 #Bittensor (70%), #Helium (37%), and #Solana (25%), have been the top notable performers in a great 7-day rebound stretch for #crypto markets. #Bitcoin continues to see decreased social volume, however, as traders are showing a rising interest in speculative #altcoins instead. pic.twitter.com/8Dl2I6VoiF
— Santiment (@santimentfeed) January 30, 2024
The altcoin has reached an all-time high of $349 in the past 24 hours, drawing attention for its significant price pump. The surge in developer activity on the network has contributed to the rise of $TAO, an altcoin leveraging AI to aid developers in creating intelligent applications.
SOLANA Sol And HNT Price Action To Monitor
Solana, another standout performer, has witnessed a surge in activity on its blockchain in recent days. Speculation about the continued rise in SOL’s price and increased enthusiasm for the ecosystem has driven this surge. Despite a brief decline below $80, SOL has quickly bounced back, surpassing the crucial $100 mark.
Helium (HNT) has also seen a significant increase in value, rising by over 36% in the past seven days. Although the upward trend appears set to continue, the daily price chart of the altcoin indicates a slight decline of about 4%.
As altcoins continue to capture the attention of traders and investors, the market landscape remains dynamic, with speculative assets driving much of the recent recovery.
The impressive performance of Bittensor, Helium, and Solana underscores the growing diversity and potential within the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.