Bittensor's TAO, an AI-driven cryptocurrency, is making impressive strides, showing strong potential to become a leading AI coin by 2025. Its recent
dTAO testnet launch is propelling the price towards the $650 mark. Despite the success, there's recent news of an unexpected wallet drain attack, causing a 15% downfall. However,
TAO retained recovery power, registering an 18% rise shortly after. The prominent digital asset management firm,
Grayscale, adding TAO to its crypto fund for decentralized AI projects reinforces the bright outlook for the coin. There are even suggestions of TAO breaking over the $1000 mark in the bullish path. Furthermore, support from
VP Kamala Harris has pushed AI tokens to the forefront, and TAO is leading the surge. Despite some market fluctuations and competitors like GoodEgg coming into the picture, TAO remains steadfast, with price predictions hinting at a golden age for this and other AI tokens. In addition,
Grayscale's listing of TAO as a 'high potential' token for Q4 2024 further boosts the appeal of this AI coin. There have also been proposals of burning 10% of the TAO supply to help stabilize the coin following a major exploit.
TAO Coin News Analytics from Mon, 15 Apr 2024 07:00:00 GMT to Wed, 22 Jan 2025 14:57:00 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor 7
