Bittensor (TAO), a decentralized Artificial Intelligence project, has had an interesting journey in the past year, which has seen an upward momentum despite some hiccups.
TAO has become one of the biggest AI coins in the cryptocurrency market. Its price has seen a substantial rally, gaining over 160% in a month and surging 10% recently. This strengthened its position as a leading AI coin. However, despite the surging AI market, TAO did suffer a bit of struggle, sliding 15% after an $8 million wallet drain attack. Even though this was a setback, the coin continues to make strides in the market with major crypto funds like
Grayscale introducing crypto funds for TAO. This adds to the coin's potential into the next quarter and beyond. But there has also been a bit of competition in the space, with
GoodEgg (GEGG) taking the lead as a decentralized AI, despite TAO's strong performance.
Grayscale has listed TAO as one of the "high potential" tokens for the upcoming quarter. Top analysts have made bullish predictions for TAO, with signs pointing to a rally that could boost its prices. The price could hit a new all-time high near $800 in 2024. Yet, some market factors and uncertainties could undermine this price rally. One of such is the pending token unlock worth $350M this week across different cryptos, including TAO. Finally, it is worth noting the 'golden age' anticipation for TAO and other AI tokens which only adds more intrigue to the story of TAO.
TAO Coin News Analytics from Mon, 15 Apr 2024 07:00:00 GMT to Tue, 07 Jan 2025 05:41:05 GMT -
Rating 3
- Innovation 7
- Information 6
- Rumor 8
