EVM compatibility boosts Bittensor, enabling seamless smart contract deployment.
TAO approaches key resistance, aiming for a potential surge toward $700.
Strong support at $577.8 crucial whereby a break could signal further declines.
Bittensor is bringing Ethereum Virtual Machine (EVM) compatibility to its decentralized platform, opening the door for developers to deploy smart contracts using familiar tools like Solidity, Truffle, and MetaMask. This connects artificial intelligence with traditional DeFi, creating new opportunities for innovation.
As Bittensor grows, users can anticipate a rise in user-facing applications and new staking protocols, including staking pools and liquid staking, expanding options for both developers and investors.
EVM compatibility on Bittensor is a game changer. Developers can deploy smart contracts using tools like Solidity, Truffle + Metamask.
Bittensor bridging AI and traditional DeFi in new ways.
Expect to see more user-facing apps and staking protocols.
Think staking pools,⊠pic.twitter.com/eWNkwipWj9
â OpenÏensor FoundaÏion (@opentensor) October 17, 2024
Earlier analysis noted that Bittensorâs native token, TAO, âŠ
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