Bittensor tops cryptocurrency charts as AI tokens surge on Nvidia wave 😱🩸🔥📊📈🚀✅

Decentralized AI project Bittensor has surged to the top of the weekly gainers list, benefiting from a surge in Nvidia stocks.

Bittensor (TAO) is the biggest gainer this week among the top 100 cryptocurrencies, up 31% in price. At the time of writing, TAO is ranked 41st in terms of market cap, which has surpassed $2.51 billion, with the price up 8.87% in the past 24 hours, trading at $313.59. 🩸🔥

The impact of Nvidia’s stock surge 🩸🔥

TAO’s recent surge can be attributed to Nvidia’s stock rising 13.5%, which closed at $119.08 on September 13. This surge pushed Nvidia’s market cap to $2.92 trillion, according to MarketWatch. 🩸🔥

The daily TAO/USD price chart from September 14 is indicating a strong uptrend, suggesting a potential upside move.

The Moving Average Convergence Divergence (MACD) indicator has crossed above its signal line, showing longer green bars on the histogram, both of which are positive signs of bullish momentum.

Moreover, the Relative Strength Index (RSI) is currently standing at 59, indicating that the asset is in a healthy trading zone that is still far from overbought levels. $TAO

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