The crypto market witnessed a surge in Bittensor (TAO) prices following a major exchange listing and strong fundamentals. Per Coingecko, TAO’s value jumped to $414.00, marking an 11.96% increase in the last day and a 43.27% rise over the past week.
This price movement coincides with Bitvavo’s announcement of TAO’s addition to their trading platform.
Exchange Listing Fuels Price Rally
The recent listing of Bittensor (TAO) on the Bitvavo exchange has further accelerated its upward momentum. Bitvavo, a trading platform, announced the listing via a tweet, providing more liquidity and accessibility to traders.
New listing: Bittensor on Bitvavo You can now find $TAO on our platform. Start trading it https://t.co/S5osUFPr5C pic.twitter.com/WYYPhAnYdl
— Bitvavo (@bitvavocom) September 19, 2024
The token’s increased demand is a result of its listing on this exchange; as more traders join the market, the price rises. The surge in liquidity comes at a crucial time for Bittensor, positioning it well for further growth, especially with rising interest in AI-related projects.
Celebrate Dogecoin and Make Big Gains with Doge2014!
Doge2014 raises 450K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Show less –
Read also: Is Solana (SOL) Price Set for a Move Toward $800?
TAO’s Rapid Price Ascent
In a tweet, crypto expert Altcoin Miyagi provided an analysis of the current price movement of Bittensor and mentioned that TAO is getting close to its first target of $450. The analyst believes that although short-term volatility and a correction are probable, the token has room to rise and might reach $600.
As the broader AI sector continues to gain pace, Miyagi also voiced confidence that the price might recover to its all-time high (ATH) in the upcoming months.
Bittensor’s position in the market is further cemented by the bullish prognosis, which reflects confidence surrounding AI and its incorporation into blockchain technology. The mention of AI season “about to pop off” indicates a potential wave of interest in AI-driven tokens.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Bittensor (TAO) Price Explodes On The Heels of A Huge Exchange Listing and Fundamentals appeared first on CaptainAltcoin.
