$TAO is also a very promising AI coin that everyone should pay attention to!
TAO is building a very serious AI and blockchain network, and I'm still observing and patiently waiting to accumulate more!
Currently, regarding AI coins, I only bought more $WLD because the price range of 4-4.5 is a very good valuation range!
The biggest FUD about TAO may be its relatively large market cap!
However, I have been monitoring the project very early on, and I started buying when $TAO was at 70u, so I can guess that the reported market cap is just the total cap on paper, the actual cap is much smaller than the stated $3 billion USD by a large margin!
My speculation comes from the fact that #TAO has very low liquidity compared to a project with a market cap of billions of USD!
Liquidity of 2m - is this not laughable?
When $TAO was first launched, its volume on Uniswap was much higher than on other DEXs! - This proves that the actual market cap of $TAO is very small!
I checked on Bittensor scan, and indeed, the circulating supply is only about 900k tokens, compared to a total supply of nearly 6.6 trillion tokens!
---> So, the actual circulating supply of $TAO is currently only about 13% of the announced figure.
The actual market cap of $TAO is estimated to be around $400 billion USD!
Everyone should watch for a test around the $400 mark and accumulate!
It's even better if it drops to $300!
I used to sell at around $300, and now I have to buy back at a higher price.
