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BitTensor (TAO) – Major Resistance at $683! Time to Reallocate?📊💥 BitTensor Soars – Profit-Taking Time? 🚀 Let’s take a look at BitTensor (TAO). We’ve been riding this wave since $83 and increased positions around $135. Now, with the price currently at $584, I’m eyeing my personal target of $683, where I’ll be taking at least half of my profits and reallocating to other promising projects. BitTensor’s market cap is nearing $4.5 billion, ranked 25th overall, but its trading volume is slipping to 36th. I’m happy with the gains so far and see $683 as a key resistance level, perfect for profit-taking. Once I’ve cashed out some gains, I'll look to reinvest into projects with more upside potential, such as Sui, Sei, Tia Celestia, CRGPT and AIOZ. It’s been a great run, but it’s time to plan the next move! Let me know your thoughts and let’s continue to navigate these markets smartly. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
6
TAO Bittensor, my revenge chart after my defeat.Project description: Bittensor ( GETTEX:TAO ) is a decentralized machine learning protocol that incentivizes users to contribute computing power and train AI models on the blockchain. By leveraging a decentralized infrastructure, Bittensor aims to create an open, permissionless network for AI development. Type of project: Decentralized AI and machine learning protocol. Is it under a block?: Yes, Bittensor operates on its own blockchain, utilizing a decentralized network to facilitate AI model training and computation. GETTEX:TAO is used as the native token to reward participants who contribute to the network. Latest update or news: As of July 2024, Bittensor introduced Neuron Staking, allowing participants to stake their GETTEX:TAO tokens on AI models they believe will perform well, further aligning incentives within the network and driving improvements in model quality. Narrative: Decentralized AI, machine learning, blockchain infrastructure, and incentive-based computation. Why is it a good investment? Institutional Backers and Angel Investors: 1. Multicoin Capital: Multicoin Capital has backed Bittensor due to its innovative approach to decentralized AI, seeing it as a key player in the future of decentralized machine learning networks. Outlier Ventures: Outlier Ventures, a venture capital firm known for supporting Web3 and AI projects, has invested in Bittensor, recognizing the importance of decentralized AI infrastructure. KR1: KR1, a European blockchain investment firm, has also supported Bittensor’s vision for open, permissionless AI model training on the blockchain, seeing it as a critical step toward decentralized AI systems. 2. Angel Investors: Trent McConaghy (Founder of Ocean Protocol): While not directly invested, McConaghy has expressed strong support for decentralized AI projects like Bittensor that utilize blockchain technology to democratize access to AI resources and data. Sandeep Nailwal (Co-founder of Polygon): Nailwal, known for supporting decentralized infrastructure projects, has voiced interest in Bittensor’s approach to incentivizing AI model training through decentralized computation, though no confirmed direct investment. Futuristic Use Case: Decentralized machine learning model training: Bittensor enables the training of AI models in a decentralized manner, allowing participants to contribute computational power and data, which is crucial for building AI models that are not dependent on centralized entities. Incentivized AI development: Bittensor’s tokenomics incentivize participants to stake GETTEX:TAO tokens on high-performing AI models, aligning incentives across the network and driving continuous improvements in the quality of AI outputs. AI model sharing across industries: Industries such as healthcare, finance, and research can benefit from Bittensor’s decentralized AI models, which allow for the sharing and optimization of AI models across sectors in a transparent and permissionless way. Secure and transparent AI computation: By leveraging blockchain’s security and transparency, Bittensor ensures that AI models and computations are performed in a trustless environment, reducing risks associated with centralized AI model training. Why will it make a significant amount of profits? Unique competitive edge: Bittensor stands out from traditional AI platforms by decentralizing the training and development of machine learning models. This creates an open and permissionless ecosystem where anyone can contribute to AI development and be rewarded, giving it a unique position in the AI market. Growing demand for decentralized AI models: As the AI industry grows, the need for decentralized infrastructure that allows for transparent, secure, and scalable AI model training will increase. Bittensor’s approach of incentivizing contributors with GETTEX:TAO tokens will attract more participants and developers, driving demand for the token. Neuron Staking and incentivization model: Bittensor’s Neuron Staking system allows participants to earn rewards by staking GETTEX:TAO on AI models they believe will succeed. This creates a sustainable revenue model while encouraging continuous innovation in AI development. Revenue from AI model training and computation: Bittensor generates revenue by offering decentralized AI model training and computation services. As more businesses and developers use its infrastructure for AI model optimization, the value of GETTEX:TAO tokens will increase due to the growing demand for decentralized computation.
Long
by osodatsismoso
BitSensor - Ethical Decentralized AI PotentialOverall Sentiment: Extremely bullish. Thesis: TAO's decentralized approach to AI development offers a compelling alternative to centralized AI models, especially in light of recent concerns about corporate control and AI safety. (OpenAI Becoming a for-Profit Entity and last of Original Board leaving) Strengths: Decentralized Governance: This model can mitigate risks associated with centralized control and potential biases. Community-Driven Development: A decentralized approach can foster innovation and adaptability. Potential for Ethical AI: Decentralization can promote transparency and accountability. Market Opportunity: The growing demand for AI solutions and concerns about centralized control create a favorable environment for TAO. Key Indicators: Volume: Approaching all-time highs for the year. Sentiment: Positive, especially following Mira Murati's departure. Technical Indicators: Expanding Bollinger Bands and promising Ichimoku levels suggest potential upside. Price Targets: Strong Support: $478 Target 1: $684 Strong Resistance: $820 Breakout Zone: $1102-$1183 Mid-Term Target 1: $1461.8 Short-term Outlook: Based on the current technical analysis and positive sentiment, TAO appears to be in a strong uptrend. A potential short-term target is $684. If the price breaks above the strong resistance level of $820, it could signal a significant bullish breakout. Mid-term Outlook: The mid-term target of $1461.8 is ambitious but achievable if the current positive momentum continues. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
Long
by Helios_Capital_Investment
TAO Long: Join the AI Hype Train, Bullish Momentum Continues MEXC:TAOUSDT.P TAO has been on an absolute tear lately, climbing over 130% in the past two weeks and showing no signs of slowing down. With the AI narrative driving immense interest in crypto projects, Bittensor’s decentralized AI approach is getting serious attention. Meanwhile, BTC sentiment remains bullish, and TAO has found strong support on the 1-hour chart, resting above a key High Volume Node (HVN) just below the current price. This means there’s a good chance for the trend to continue as the AI hype keeps investors hungry for more. If you’ve missed the initial rally, this support zone offers a prime opportunity to join the trend. Watch for a potential bounce from the HVN area as TAO looks set for another leg up. 🚀 Key levels: Support: HVN just below current price on 1-hour chart. Upside target: Continuation of bullish trend with AI hype and positive BTC sentiment. This is a great setup to ride the AI wave, but always remember to manage risk accordingly! #TAO #AI #Crypto #BTC #Altcoins #Trading
Long
by Willell1367
Buy Trade Idea for TAO#2Description TAO is a rising cryptocurrency that has been gaining momentum due to its innovative approach and solid fundamentals. Here are the key aspects driving interest in TAO: - **Scalable and Secure Platform:** TAO offers an efficient and scalable blockchain infrastructure that prioritizes security and fast transaction processing, making it suitable for high-demand applications. - **Decentralized Governance:** The decentralized governance system gives TAO token holders direct control over protocol upgrades, fostering a dynamic and engaged community. - **Expanding Ecosystem:** TAO is seeing increased adoption across various industries, including DeFi, data privacy, and digital identity management, which enhances its utility and long-term growth potential. - **Developer Support:** With continuous improvements driven by a committed developer base, TAO is positioned for sustained technological advancements and market relevance. These strong fundamentals make TAO a compelling buy opportunity for investors looking to capitalize on blockchain innovation and real-world use cases. Disclaimer Trading and investing in cryptocurrencies carry significant risk and can result in substantial losses. This content is for informational purposes only and should not be considered as financial advice. Cryptocurrency markets are highly volatile and influenced by various external factors. Always conduct your own research, assess your risk tolerance, and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
$TAO Bittensor to $5000Can TAO Bittensor hit $5k in the coming weeks? We know that Bittensor is heavily focused on AI and machine learning models. It works and some of the incredible subnets that have been built out so far. Bittensor is pumping aggressively, however it's now on key resistance. If we can manage to hold $480 to $450, we can see it going to $650 The key support I'm watching to maintain its bullishness is around $370 area I think when the alts season really kicks in, I don't think why TAO won't go hypothetically to the price of $5k
by Tealstreet
1
TAO ANALYSIS (4H)It seems we’ve completed a double correction, marking the end of wave A. At the point where we’ve placed the green arrow on the chart, it appears a bullish structure is taking shape. The pattern forming resembles a diametric, and we are currently within wave E of this structure. There’s potential for the price to be rejected downward from the red zone. If the daily candle closes above the invalidation level, it would negate this analysis. For effective risk management, make sure to set your stop loss and manage your capital accordingly. Feel free to drop any questions in the comments. Thank you!
Short
by lonelyPlayer0
5
Buy Trade Idea for TAODescription TAO is emerging as a promising cryptocurrency, offering unique advantages in the blockchain space. Here are the key fundamentals that support a potential buy trade for TAO: - **Blockchain Innovation:** TAO introduces novel solutions to enhance data security and scalability, making it a standout platform for decentralized applications and smart contracts. - **Decentralized Governance:** The TAO network incorporates a robust decentralized governance model, allowing token holders to actively participate in decision-making and protocol upgrades, fostering a strong community-driven ecosystem. - **Expanding Use Cases:** TAO is gaining traction in various sectors, including decentralized finance (DeFi), supply chain management, and intellectual property, enhancing its real-world utility and long-term growth potential. - **Strong Developer Support:** With a dedicated and growing developer community, TAO is continuously evolving, leading to regular platform improvements and increasing adoption. Given these solid fundamentals, TAO offers an intriguing opportunity for investors seeking to benefit from its innovative technology and growing adoption in the blockchain space. Disclaimer Trading and investing in cryptocurrencies involve significant risks and may result in substantial losses. This content is for informational purposes only and should not be construed as financial advice. Cryptocurrencies are highly volatile and influenced by various market factors. Conduct your own research, evaluate your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results, and market conditions can change rapidly.
Long
by MoonTradingForecast
TAO ANALYSIS (12H)It looks like a completed double correction which was our wave A and where we put the green arrow on the chart it looks like a bullish pattern has started on the chart. The Boolean pattern appears to be a diametric. We are now in wave E of this diametric. From the red range, the price can be rejected downwards. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
#TAO/USDT Potential Rally Incoming!#TAO Price Update & Analysis TAO is rallying as expected. It broke above the resistance trendline, retested the 35 EMA, and has recently rebounded. - Breakout: Confirmed. - Retest: Confirmed. - Optimal Entry Range: $235 to $281 (Accumulated). The strategy will remain the same: - Accumulation: DCA every dip. - Stop-loss: Not placing one—accumulating for long-term holding over the next few months. - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Do your own research (DYOR). This is not financial advice. Thank you #PEACE #TAO #Crypto
Long
by Cryptorphic
TAO ANALYSIS🔮 #TAO Analysis  🚀🚀 💲💲 #TAO was trading in a Descending Broadening Wedge Pattern, and trying to breakout the pattern. Also there is an instant resistance zone and after the breakout of resistance zone and pattern we will see a bullish move. 📈📈 💸Current Price -- $327 📈Target Price   --  $640 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #TAO  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts