- Bitcoin social volume declined last week, paving the way for the altcoin to rebound.
- Bittensor, Helium, and Solana were among the most noteworthy performers during the seven-day cryptocurrency market rally.
- Traders have shown increased interest in speculative altcoins, while BTC is trading below $43,000 this week.
Bitcoin has observed a decline in social scale and dominance, as seen by on-chain metrics provider Santiment. The decline in social volume indicates that market participants are discussing relatively less “Bitcoin” and that discussions about other altcoins are taking precedence.
Altcoins Bittensor (TAO), Helium (HNT), and Solana (SOL) were among the notable performers in the cryptocurrency market recovery last week.
Also Read: Bitcoin holders are hopeful as Grayscale's GBTC outflows slow down, signaling a potential price recovery soon.
Altcoins have delivered double-digit gains over the past week.
According to Santiment data, three altcoins - TAO, HNT and SOL - delivered gains of 70%, 37% and 25% to their holders last week. This is consistent with Bitcoin's decline in social volume (SV) and dominance over the past two weeks. A possible explanation could be that the focus of social chatter around the largest cryptocurrencies has shifted to smaller altcoins, paving the way for them to gain popularity among market participants.
Analysts at Santiment note that traders have shown increased interest in several altcoins among the top 100 cryptocurrencies by market capitalization instead of Bitcoin.
As you can see from the Santiment chart, the SV of several altcoins has surged over the past week.

According to Santiment's social trends data, "TAO" is trending among market participants, ranking 9th out of the top 10. TAO's price rise has sparked a surge of interest and discussion among traders on social media platforms. TAO hit an all-time high of $469 on the morning of Tuesday, January 30th.
Helium and Solana are two other altcoins that offer relatively high returns to traders. Solana-based protocol Helium released v2.6.3, a bugfix and performance release, on Wednesday, according to an official tweet from X.
Solana's second blockchain phone launch, the Saga Mobile, has also likely contributed to keeping the asset relevant among market participants.
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