Bittensor (TAO) coin's price surged and fell numerous times in the cryptocurrency market. Several favorable market conditions led to the coin's value rising, including a volume surge, a sustained bullish trend, and an 8% surge within a day. However, market signals indicated potential deeper losses as Bittensor crashed to a 10-week low. Institutional players like Nasdaq-listed Oblong and TAO Synergies Inc. showcased strong interest in TAO. Oblong invested $7.5 million, and the latter became the largest Bittensor holder with 42,111 tokens. TAO Synergies made another major investment, putting $10 million into Bittensor TAO tokens, identifying the potential of this cryptocurrency. TAO's Coinbase listing also had a positive effect on its price surge. Nevertheless, some price drops were noted, reaching its lowest point since August 2024. High-profile appointments were made in TAO Alpha, with Mark Moss as Chief Bitcoin Strategist and Henry Elder as CEO.
BlockDAG, another significant player, promoted innovation with scalable tech, AI, and real-world assets. An increased interest in AI crypto assets among companies like Synaptogenix was noted as they preferred Bittensor over Bitcoin for their corporate treasuries. Amid these developments, crypto analysts suggest potential price targets for TAO coin, envisioning a possible rise to $800 or even $1000 in the future.
TAO Coin News Analytics from Mon, 25 Nov 2024 02:04:46 GMT to Fri, 15 Aug 2025 19:08:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
