BittensorTAO
99,915 views
58 Discussing
Hot
Latest
I am researching
I am examining TAO coin, trying to get to know it in detail. In many ways, he has taken BTC as an example. The supply of TAO coin was limited to 21 million, and coin production was reduced by half at regular intervals with a halving mechanism.
It is a coin that I follow closely and in detail these days. It runs on a decentralized blockchain network, just like Bitcoin.
So, instead of offloading all of the network's work to one central server, it spreads it across many different machines owned by individuals known as "miners." Miners contribute to the network with artificial intelligence and machine learning models. Similar to how Bitcoin miners earn BTC for validating transactions, miners are also rewarded with TAO coins for their contributions to the network.
Without honesty knowledge is dangerous, but without knowledge, honesty is insufficient and useless.
It is necessary to read, research and learn.
$BNB
$TAO
$CTXC
#TAO #BittensorTAO #Binance #writetoearn #BinanceAlphaAlert
I am examining TAO coin, trying to get to know it in detail. In many ways, he has taken BTC as an example. The supply of TAO coin was limited to 21 million, and coin production was reduced by half at regular intervals with a halving mechanism.
It is a coin that I follow closely and in detail these days. It runs on a decentralized blockchain network, just like Bitcoin.
So, instead of offloading all of the network's work to one central server, it spreads it across many different machines owned by individuals known as "miners." Miners contribute to the network with artificial intelligence and machine learning models. Similar to how Bitcoin miners earn BTC for validating transactions, miners are also rewarded with TAO coins for their contributions to the network.
Without honesty knowledge is dangerous, but without knowledge, honesty is insufficient and useless.
It is necessary to read, research and learn.
$BNB
$TAO
$CTXC
#TAO #BittensorTAO #Binance #writetoearn #BinanceAlphaAlert
DK Pistis:
knowledge
Bittensor (TAO) Gains Momentum With Key Resistance Breakout: Is A New ATH On Horizon?
Date: Wed, Dec 04, 2024, 07:10 AM GMT
In today’s cryptocurrency market, bullish rallies continue to dominate as major altcoins capitalize on Bitcoin’s (BTC) declining dominance, which has dropped to 55.18% from its recent high of 61.53%. Amid this shift, Bittensor (TAO)—a prominent token from the AI narrative—has emerged as a standout performer, surging by over 13% to reach $708. Its market capitalization now stands at $5.23 billion.
Key Resistance Breakout
On November 29, TAO broke out of a symmetrical triangle pattern at $587, signaling the start of a bullish phase. Following this breakout, it reached a key resistance level of $679. However, after testing this resistance, $TAO retraced to its breakout level of $587, successfully retesting the support. Today, the token rallied past the $679 resistance level, marking a significant bullish breakout (indicated by the blue line on the chart).
Is a New ATH on the Horizon?
This breakout has propelled TAO to its current price of $708. From here, two potential scenarios emerge:
Retest: TAO may consolidate or retest the $679 breakout level before making another upward move.Direct Rally: The bullish momentum could take TAO directly toward its next resistance level of $767, which marks its all-time high (ATH).
If TAO successfully breaks above $767, a fresh leg up could drive the price beyond $1,000, signaling a powerful continuation of its bull cycle.
With Bitcoin dominance declining and investor interest shifting toward altcoins, Bittensor (TAO) is positioned to gain further traction in the ongoing market rally.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#BittensorTAO
In today’s cryptocurrency market, bullish rallies continue to dominate as major altcoins capitalize on Bitcoin’s (BTC) declining dominance, which has dropped to 55.18% from its recent high of 61.53%. Amid this shift, Bittensor (TAO)—a prominent token from the AI narrative—has emerged as a standout performer, surging by over 13% to reach $708. Its market capitalization now stands at $5.23 billion.
Key Resistance Breakout
On November 29, TAO broke out of a symmetrical triangle pattern at $587, signaling the start of a bullish phase. Following this breakout, it reached a key resistance level of $679. However, after testing this resistance, $TAO retraced to its breakout level of $587, successfully retesting the support. Today, the token rallied past the $679 resistance level, marking a significant bullish breakout (indicated by the blue line on the chart).
Is a New ATH on the Horizon?
This breakout has propelled TAO to its current price of $708. From here, two potential scenarios emerge:
Retest: TAO may consolidate or retest the $679 breakout level before making another upward move.Direct Rally: The bullish momentum could take TAO directly toward its next resistance level of $767, which marks its all-time high (ATH).
If TAO successfully breaks above $767, a fresh leg up could drive the price beyond $1,000, signaling a powerful continuation of its bull cycle.
With Bitcoin dominance declining and investor interest shifting toward altcoins, Bittensor (TAO) is positioned to gain further traction in the ongoing market rally.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#BittensorTAO