Date: Wed, Sept 25, 2024, 10:28 AM GMT
Bittensor (TAO), the leading AI-focused cryptocurrency, has been riding a wave of bullish momentum, especially as the broader market responds positively to the Federal Reserve's recent rate cut decision. With a strong outlook for Q4, many major altcoins have started a fresh rally. $TAO stands out as one of the top performers, skyrocketing nearly 82% over the past week.
Source: Coinmarketcap
However, in the last 24 hours, TAO saw some profit-taking, which briefly caused a dip in its price. After hitting a psychological level of $600, TAO dropped to a low of $536. Despite this, the token quickly bounced back and is currently trading at $576.44, marking a 0.61% increase today.
Whatâs Ahead:
The quick recovery from yesterdayâs drop shows that investors are still confident in TAOâs potential. If the token continues its upward momentum and manages to surpass the $600 mark again, the next target would be $623, an 8% increase from its current price.
Get mor updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
