Market Recovers, AI Tokens Expect to Rise Following Bitcoin's RecoveryThe market, after experiencing strong fluctuations at the beginning of the month, is gradually recovering, embracing the "Uptober" recovery trend. In the context of the tense global situation, the initial sell-off caused Bitcoin (BTC) to drop to $60,000 at times, but it quickly recovered and has now stabilized above $63,000. This uptrend has led to the recovery of many altcoins, in which artificial intelligence-related tokens such as Bittensor (TAO), Near Protocol (NEAR) and Fetch.ai (FET) have shown outstanding performance.
TAO has increased by 15% in the past 24 hours, attracting high attention from the market. Grayscale has included it in the decentralized AI fund, further enhancing its recognition in the market. TAO fell sharply from $614 to $474 on October 1, but has now broken above the key resistance level of $638. If this rally continues, the next price target would be $761, with a potential upside of around 19%, indicating a fairly strong uptrend.
