Bittensor (TAO) coin continues dominating the AI tokens market, observing substantial gains and volume surge. Several massive token unlocks including TAO are set to occur this week. Despite Bitcoin's fragility, analysts suggest that cryptos like TAO may witness an increase in investment. BitTensor is forecast to break $700 in price and could potentially break the $1K mark before Binance Coin. Reports speculate additional profits to be made from low-cap cryptos like TAO, possibly due to its strong association with AI, and the surge in popularity of AI tokens. Some experts predict TAO hitting a new all-time high near $800 by 2024, however, confidence is shaken amidst several crypto rebounds, and an $8-million exploit that led to a proposal of burning 10% of TAO's supply to stabilize it. Nonetheless, the coin added 250% in two months, appearing to be unaffected by these developments. Unforeseen network attacks and massive hacks caused a nosedive in TAO's value, but analysts predict a strong comeback, especially with funds like Grayscale launching investment trusts for TAO.
AI tokens like TAO are reportedly outperforming
Meme coins, demonstrating market's shift towards utility, but Bitgert news could possibly shift investor interest. Bittensor has been placed in a 'safe mode' following several million-dollar wallet drains but its adoption continues to grow, with Binance listing TAO with new trading pairs.
TAO Coin News Analytics from Thu, 01 Feb 2024 08:00:00 GMT to Wed, 30 Oct 2024 04:03:34 GMT -
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