TAO coin, a cryptocurrency associated with AI-based project Bittensor, presents an interesting picture recently. Its proposed acquisition by the Nasdaq-listed Oblong, valued at $7.5M, marks a significant move towards a Bitcoin-style treasury strategy. TAO has achieved a remarkable 4,900% ROI, shifting attention towards the coin. Price predictions all look positive, with some even eyeing a target of $450. A listing on the prominent exchange Coinbase stands out, making TAO more accessible and creating an influx of new investors, further supporting its growth. Furthermore, TAO's integration with DeepSeek AI and the command it has over the AI market presents a strong bullish sentiment. However,
scam allegations also surround the coin, causing a momentary dip in its momentum. Its innovative subnet expansion and its key player role in the decentralized AI narrative further fuel price surges. This potential is, however, tested with a 17% price drop, indicating no clear bottom in sight. Elon Musk's bid for OpenAI has triggered a 350% surge in TAO volumes. Despite this dip, bullish signals indicate high potential for rebound and price surge.
Negatively, the coin struggles amidst strong competition from BlockDAG and Toncoin. Notably, an insightful look into the workings of Bittensor explains how TAO and subnets power decentralized AI. Simultaneously Barry Silbert, a Bitcoin billionaire, backs TAO stating its potential to surpass the status of Bitcoin. Some market sentiments suggest a potential 200% rally while maintaining caution for key confirmations.
TAO Coin News Analytics from Sun, 11 Aug 2024 07:00:00 GMT to Wed, 11 Jun 2025 21:00:14 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 4
