Bittensor (TAO) — Next Attempt For A New All-Time High 🚀

TAO is another project that has the potential to play a crucial role in the future Web3 x AI convergence (read my detailed article about it here!). Doing a 3x of the current market cap (3.7m) should be a no-brainer.

Chart-wise, TAO bounced off its important resistance at ~430 and showed signs of a reversal. The next target sits at ~750, where TAO has its all-time high. A move back toward its ATH would result in almost 50% gains. However, the real party starts once the ATH gets broken and TAO's price moves towards $1,000.

Bittensor is a decentralized infrastructure for building and deploying machine learning models on the blockchain and can potentially shape the agentic web and post-web phase.

$TAO #bittensor

🌟 Bittensor (TAO): Leading the AI Crypto Frontier! 🌟

🚀 Bittensor (TAO) has been the AI-driven crypto sensation of 2024! Starting the year outside the top 100, TAO quickly seized the momentum from the booming AI sector and climbed its way into the top 40 cryptocurrencies by December 24, 2024, with a market cap of $3.60 billion. What a ride!

🔥 Despite not yet surpassing its April 2024 high of $767.68, TAO continues to shine with groundbreaking subnets and EVM compatibility, keeping both the market and developers buzzing.

🔮 2025 Prediction: As AI continues to dominate, TAO could reach $800 to $1,000 by mid-2025, solidifying its spot at the forefront of AI crypto innovation.

🌍 TAO is just getting started – don't miss the next big move! 🌟
$TAO

#bittensor #TAO #AI #CryptoInnovation

🚨 Bittensor (TAO) Price Analysis: Bearish Trend with Potential Support at $400 🚨

💥 Recent Decline Overview
Bittensor (TAO) reached a peak of $748, but the price has sharply declined since:

📉 Price Drop: Dropped to $562, showing a strong bearish shift.

🔻 Weekend Struggles: Settled at $561 after a near 3% drop, followed by a small recovery (+2.24%) to end at $573.

🔍 Key Price Movements

📉 Bearish Start: Fell 6%, dropping below the 50-day SMA and key $550 support, settling at $518.

⚠️ Continued Decline: Further losses (-4.17% and -3.59%), slipping below $500, and closing at $499.

🚨 Sharp Drop: A massive drop of 10% to $447, with a brief recovery attempt, reaching $469.

🔻 Current Struggles: Currently down almost 3%, trading around $433, with sellers still in control.

🔮 Current Outlook

🔽 Bearish Sentiment: TAO continues to face heavy downward pressure.

💡 Support at $400: $400 may be the next key support level if selling pressure persists.

⚡ What’s Next for TAO?

💥 Critical Support Level at $400: The asset faces a potential rebound or continued decline depending on market sentiment.

🔮 Will Buyers Fight Back?: Will buyers push TAO above $450, or will sellers drive the price further down? Stay tuned!

$TAO

#Bittensor #TAO #cryptoanalysis #BearishTrend #CryptoSupport #MarketSentiment

🚨FLASH: 🚀 #Grayscale launches the Grayscale Bittensor Trust: a unique opportunity to invest in AI thanks to the token $TAO of #Bittensor now available in the form of securities.

💰 Net asset value: $10.39/share
📊 Assets under management: $5.18M

#CryptoBuzz #IA

Grayscale Bittenso Information-Based Scalping Strategy

Grayscale opens a Trust for $TAO , which is now trading as a security with a NAV of $9.95 per share and a total AUM of $4.95 million. This information can be used for scalping strategies if $Tao is available on certain crypto trading platforms.

Scalping Strategy Steps:

1. Monitor Real-Time Price:

If $TAO is traded on the spot market, use a lower timeframe (1-5 minutes) to capture short-term volatility opportunities.

2. Identify Support and Resistance:
Watch the NAV price of $9.95 as an initial support reference. Resistance can be formed from volume data or market sentiment when the trust opening starts to take effect.

3. Use Technical Indicators:

EMA 8, 20, 50: Identify price trends.

RSI: Monitor overbought (>70) and oversold (<span for entry opportunities.

MACD: Crossing signals can help determine the direction of fast trading.

4. Manage Risk:

Use tight stop-loss, as scalping relies heavily on small price movements.

Limit positions so that the risk per trade is a maximum of 1-2% of capital.

Scalping Entry Points:

Buy Entry: When the price approaches support (below $9.95).

Sell Entry: When the price approaches new resistance formed in the market.

My Comments:

🔥 "Grayscale + Bittensor: New Opportunities for $TAO Traders?"

Grayscale officially opens Bittensor Trust to selected investors, with NAV per share at $9.95 and total AUM reaching almost $5 million. With this move, $tao gets wider exposure, but what does it mean for short-term traders?

💡 Strategy for Scalpers:

Watch the $9.95 NAV level as a reference for support.

Use indicators such as RSI & MACD to catch quick volatility opportunities. CHECK NOW 👇🏼$TAO

✨ Big Picture: This move could pave the way for wider adoption, but be aware of the risks as the TAO market is still new to many traders.

👉 What do you think? Is $TAO worth your trading radar or do you want to see how it plays out?Let's discuss here! 🚀

#Grayscale #Bittensor #CryptoTrading

Watch out for these altcoins: Token unlocks of the week
There is an intense token unlocking this week in positive altcoins. One of the altcoins on the calendar, Bittensor (TAO), will perform one of its regular unlocks.

Bittensor (TAO)
According to CoinMarketCap data, #Bittensor (TAO) will perform the most notable token unlock of the week. The Bittensor team will unlock 216,388.85 TAO on the night of December 21. The unlock, which corresponds to 1.03 percent of the total supply, corresponds to $ 116.61 million according to the current price.

SPACE ID (ID)
Web3 platform #SpaceID. (ID), which is located on BNB Chain, will release 3.92 percent of its total supply into circulation on December 21 at 23:55. In the popular altcoin, 78.49 million IDs, which corresponds to approximately $40 million, will be unlocked.
ID, which is traded at $0.503, has a market value of $400 million. While the total supply of SPACE ID is determined as 2 billion IDs, there are 796.05 million IDs in circulation.

Pixels (PIXEL)
The game project #Pixel (PIXEL), which has recently performed below expectations, will sign an important unlock on December 18 at 23:47. The Pixels team will release 53.55 million PIXELs into circulation. The unlock, which corresponds to 1.07 percent of the total supply, corresponds to $12 million according to the current price.

AltLayer (ALT)
Restaking and Rollup initiative AltLayer ($ALT ) will perform a major unlock on December 24 at 23:55. AltLayer will release 195.29 million ALT into circulation on that date. This unlock, which corresponds to 1.95 percent of the total supply, is equivalent to $31.45 million at the current price.

Polyhedra Network (ZKJ)
Polyhedra Network (ZKJ), which carries out development work in the Web3 field through advanced ZK technology, will release 15.5 million ZKJ into circulation at 23:40 on December 18. The unlock, which corresponds to 1.55 percent of the total supply, is equivalent to $30.78 million at the current price.

$TAO Bouncing Hard !

I've been warning you about this green box of support for #TAO🔥🔥🔥🔥
We're already up for more than 18%

#bittensor looks bullish !

$TAO Bouncing From Support 🚀📈

The Daily support is showing strength and #TAO🔥🔥🔥🔥 is moving back up!

We now can aim for the trend line resistance of the Falling Wedge and maybe force a Bullish break!

Things starting to look good for #bittensor

$TAO still needs one last dip to the 0.382 range around @ ~250$

In case it dropped there, then it shall be fine as I believe that the overall analysis is very positive and it should reach and pass +1000$ with whatever time it needs. ⭐💰

#BittensorTAO #bittensor

$TAO Pumping and Breaking Out Soon !

#TAO🔥🔥🔥🔥 is inside of this Horizontal range and also in a huge consolidating formation on the Daily chart

Buying $TAO below $300 was a lifetime opportunity in my opinion

Who is ready for a huge move for #bittensor ?

💥💥💥 Grayscale Initiates New $MKR Investment Fund

Grayscale Launches Fund for MakerDAO’s MKR Token

On August 13, Grayscale Investments introduced the Grayscale #makerdao Trust, a new fund focused on MakerDAO’s MKR token. This fund offers qualified investors exposure to MKR, the governance and utility token of the MakerDAO decentralized organization. It is part of Grayscale’s single-asset crypto investment products and is not publicly traded.

Expansion of Grayscale’s Product Lineup

Grayscale has recently expanded its product range with new funds for #bittensor and #SUI🔥 tokens, and now manages over $25 billion in assets. Known for its Bitcoin and Ethereum ETFs, including GBTC and ETHE, Grayscale also offers single-asset funds for tokens like Basic Attention Token (BAT) and Chainlink (LINK). MakerDAO, a DeFi protocol, issues the DAI stablecoin and manages on-chain credit products. In July, MakerDAO revealed plans to invest $1 billion in tokenized US treasury bonds.

Market Insights

Rayhaneh Sharif-Askary, Grayscale’s head of product and research, emphasized that the MakerDAO Trust allows investors to benefit from the growth of MakerDAO’s ecosystem. Grayscale’s global head of ETFs, Dave Lavalle, predicted a shift towards more diverse crypto ETFs, including single-asset and index-based products.

Key Takeaways

- Qualified investors can now invest in MKR through Grayscale’s new fund.

- Grayscale is expanding its product offerings with new funds and tokens.

- The MakerDAO Trust provides exposure to MakerDAO’s ecosystem and its potential growth.

- This launch reflects Grayscale’s commitment to diversifying cryptocurrency investment opportunities.

Source - en.bitcoinhaber.net

#BinanceSquareTrends

$TAO Looking Bullish!

Since the retest to test the support again, #TAO🔥🔥🔥🔥 is up for 60% already

I've been buying at support, just like I warned you about.

Can we see more Bullish Price Action for #bittensor ?

$TAO Broke Bullish and has a Break Out Target of $750🚀

#bittensor #TAO🔥🔥🔥🔥 #BittensorTAO

Today's trading volume of Smart Money has rebounded after a dull Monday 🔥

$PEPE - Buying pressure has returned, pushing #PEPE to lose the 0 digits. However, it has encountered strong resistance at the price range of 0.0(4)101.

Currently, it is attempting to break out of this price range and seek new all-time highs in 2024.

$wQUIL - Quilibrium_xyz has just launched and airdropped, with strong accumulation in the price range of 0.15-0.16. The price has almost doubled from the initial buying points.

$TAO - #bittensor is observed to fall into the accumulation zone of Smart Money when the price is below $360-$370.

Currently, there is a phenomenon of quick buying and selling at the sideways price range of $340 - $380.

$BEAMX - Beamx has made a comeback after nearly 3 months of absence from the Smart Money accumulation board.

The price has returned to the range of ~0.022, which has been a strong support zone for Beam in the past month, indicating the withdrawal of BEAM from Smart wallets on CEX.

$MUBI - The price of MUBI has dropped nearly 10% in a day, mainly due to selling pressure from whales, but there has been buying pressure from Smart Money.

powered by iCrypto.ai #iCrypto

⚡️ JUST IN: #Binance is set to list Bittensor ($TAO ) and open trading for its spot pairs on April 11, 2024, at 12:00 UTC.

#bittensor #BittensorTAO #BinanceLaunchpool #TrendingTopic

$TAO Falling Wedge & Interesting Accumulation Zone

#TAO🔥🔥🔥🔥 looks ready for a HUGE trend reversal on the Daily timeframe

We are at the support level of the falling wedge and also at critical daily support

I'm bullish on #bittensor

What is TAO? #$TAO

Bittensor #bittensor (TAO) is a peer-to-peer (P2P) machine learning protocol designed to encourage individuals to train and manage machine learning models in a decentralized fashion.

Binance #binancelistng is listing Bittensor (TAO) to its platform and will commence trading for the following spot pairs on April 11, 2024, at 12:00 (UTC): TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY.

Registered users are encouraged to deposit TAO tokens now to prepare for trading.

Withdrawals will be available starting April 12, 2024, at 12:00 (UTC).
#bitcoinhalving #write2earn🌐💹 #RamadanWithBinance

🚨 Breaking News: Surprise Announcement

from Binance (TAO) - Project Listing Revealed
Binance has disclosed that it will list #bittensor (#TOA ) and commence spot trading for the following pairs starting from April 11, 2024, at 12:00 (UTC):
- TAO/BTC
- TAO/USDT
- TAO/FDUSD
- TAO/TRY
Users are encouraged to deposit TAO tokens to prepare for trading, with the withdrawal process set to open on April 12, 2024, at 12:00 (UTC). Notably, there is no listing fee for TAO.
About Bittensor (TAO):
Bittensor is a P2P machine learning protocol designed to incentivize participants in training and executing machine learning models in a decentralized manner.
Important Notes:
TAO is a new token and may experience higher risk and price volatility. Users are advised to practice proper risk management, conduct thorough research on TAO fundamentals, and fully comprehend the project before engaging in token trading.
Additionally, the Seed Label will be applied to TAO, indicating its innovative nature and potentially higher risks and volatility compared to other tokens listed on Binance.
Stay informed and exercise caution when trading tokens like TAO on Binance.
#binance #BNB #BinanceLaunchpool