Bittensor’s TAO/USD token is on fire, experiencing a remarkable single-day rally of 17% on top of an already impressive 82% seven-day gain. This surge has caught the attention of bullish traders who are predicting a bright future for the artificial intelligence (AI) crypto coin.
Satoshi Flipper, a well-known trader, predicts a “parabolic” rise for TAO once it breaks through the $640 level. Another trader, Sisyphus, humorously suggested that Bittensor has the potential to surpass the combined value of Tesla, Nvidia, and OpenAI. Daan Crypto Trader, impressed by the token’s performance, highlighted the “beautiful breakout” and “very strong move.”
DeFi Threador and Researcher ElonMoney, adding to the bullish sentiment, outlined the reasons behind Bittensor’s growth and its potential to reach a $10 billion valuation from its current $4 billion. They emphasized the strengths of Bittensor’s decentralized AI training, the introduction of Dynamic TAO (dTAO), and upcoming smart contracts, as well as the innovative approach and skilled development teams behind its subnets.
This surge in Bittensor’s price comes after Vice President Kamala Harris expressed her support for investments in artificial intelligence and cryptocurrencies. At a recent fundraising event, she stated her intention to encourage these technologies while also prioritizing consumer and investor protection. This support has led to a broader upswing in the AI crypto market, with other AI crypto coins like Near Protocol NEAR/USD and Artificial Superintelligence Alliance FET/USD also experiencing rallies.
Bittensor has been listed on the Bitvavo exchange and has announced upcoming upgrades, including the integration of EVM compatibility and Ethereum smart contracts, at the Token2049 digital asset conference in Singapore. These developments, combined with Harris’ endorsement, are fueling the bullish sentiment surrounding Bittensor, making it a cryptocurrency to watch in the coming months.
