According to the official announcement, Binance will launch Bittensor (TAO) at 20:00 on April 11, 2024 (Eastern Time 8).
On April 10, TAO price now GATE successfully broke through the $600 resistance. As of writing, TAO price has broken through $610, and is currently quoted at $615.6, with a 24-hour increase of 39.93%. If you want to participate, Ahan recommends observing whether it can break through 624U in the short term. If it can break through, it will be safer to participate. It is risky to participate now.
TAO is the native token associated with the Crypto+AI concept project Bittensor. According to Bittensor, it is essentially a language for writing many decentralized commodity markets or "sub-networks" under a unified token system, aiming to direct digital market forces to the field of artificial intelligence.
Bittensor is unique, and its subnet mechanism outlines the blueprint of a "decentralized AI model incentive market". The token price has increased 15 times in the past six months, and Bittensor has become a frequent visitor in VC research reports. However, before this, due to the high price of TAO, the community seemed unwilling to pay for TAO, and chose to invest more in Bittensor ecological projects.
In the early stages of development, projects with the "Bittensor" tag all achieved good returns. Due to Bittensor's innovative subnet mechanism, some "water army" projects emerged, and most investors compared Bittensor to a new AI meme factory.
But this does not seem to have a huge impact on TAO, whose price has fluctuated between $500 and $600 since April. In addition to TAO, the market performance of the AI field has been remarkable this year, with projects with outstanding growth emerging one after another and booming.
The market value of this coin is abnormally high, and it just meets some of the numbers in the four-fold theory if it continues to rise.
First of all, 1: If you hold this coin, please consider taking profits. 2: If you don’t hold it, don’t rush to chase high prices, you can even consider shorting!
TAO for both platforms.
The lowest point is between 30 and 46, let's take 45 as the starting point, it doesn't need to be so precise.
45 multiplied by 16 equals 720. Everyone needs to pay attention that around 720, it has reached the 16-fold super-strong pressure level starting from 45!
Therefore, first of all, the price of this coin must not be chased high.
However, short selling here is limited to small positions. Where is the real short selling point?
Let’s look at the next picture.
According to the principle of catapult, if TAO rises rapidly at a high point, then the range of 1100 to 1400 is its absolute top! If you can quickly reach this range, the opportunity to make money has arrived!
AI+cryptocurrency has always been one of the focuses of the crypto market. By the end of 2023, "AI" has become one of the keywords that frequently appears in the annual outlook articles of major investment institutions.
