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TAO / TetherUS

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Bittensor - Potential Play of the CenturyA very positive trend is forming for TAO. It could still retest $301 if all goes wrong, but this is a wonderful time to accumulate even more before the pump commences. Consider buying before it goes ballistic. Fundamental Analysis: ||AI Prompt asking ChainGPT several questions about the project.|| Bittensor (TAO) is a cryptocurrency that was launched in 2021. It operates on its own blockchain and has a current supply of 6,897,714 tokens. The token has a maximum supply of 21,000,000 tokens. In terms of price, Bittensor has experienced a positive trend recently. Over the last 24 hours, the price of TAO has increased by 2.66%. It is currently trading on 65 active markets with a total trading volume of $43,645,031.99. (2024.06.07) Bittensor aims to provide a decentralized AI network that enables developers to build and deploy AI models. The project focuses on creating an ecosystem where AI models can be trained and utilized in a decentralized manner. The team behind Bittensor is dedicated to developing cutting-edge technology and has a strong focus on research and development. The project has gained attention in the crypto community, with positive sentiment surrounding its potential. In terms of its launch, Bittensor was introduced to the market in 2021. It operates on its own blockchain, which is built using the Substrate framework. Substrate is a modular framework developed by Parity Technologies, and it allows developers to create purpose-built blockchains. Bittensor's blockchain is designed to facilitate a decentralized machine learning protocol, where machine learning models owned by different individuals around the world can work together to process information and provide intelligent responses. The launch of Bittensor's blockchain and the subsequent adoption of its network have provided opportunities for decentralized AI development and services. By leveraging token-based incentives and a decentralized marketplace, Bittensor aims to create a sustainable and participatory ecosystem for machine learning models. Sure! Bittensor is like a special language that helps computers talk to each other and do really smart things. It's part of something called blockchain technology, which is like a big digital book that keeps track of all the important information. Now, imagine you have a bunch of computers all over the world. These computers can do really cool things like understand and analyze human language, recognize images, and even make predictions. But sometimes, these computers need to work together to solve really complex problems. That's where Bittensor comes in. It helps these computers communicate with each other and share their knowledge. It's like a secret code that allows them to understand each other and work together. This way, they can combine their brainpower and solve problems faster and better than they could on their own. But why is this important? Well, by using Bittensor, we can create powerful artificial intelligence (AI) systems that can help us in many ways. For example, they can help doctors diagnose diseases, predict the weather, or even create new inventions. And the best part is that Bittensor is decentralized, which means that no single person or company controls it. It's like a big team of computers working together for the benefit of everyone. So, in simple terms, Bittensor is a special language that helps computers talk to each other and work together to solve really smart problems. It's like a superpower for computers that makes them even smarter and more useful. ||MAIN TAKAWAYS from Pitchbook.com|| Who is the founder of Bittensor? Jacob Steeves and Ala Shaabana Ph.D are the founders of Bittensor. Who is the CEO of Bittensor? Jacob Steeves is the CEO of Bittensor. Where is Bittensor headquartered? Bittensor is headquartered in Toronto, Canada. What is the size of Bittensor? Bittensor has 32 total employees. What industry is Bittensor in? Bittensor’s primary industry is Media and Information Services (B2B). Is Bittensor a private or public company? Bittensor is a Private company. What is Bittensor’s current revenue? The current revenue for Bittensor is unknown. Who are Bittensor’s investors? Collab+Currency, Gravity Fund, NGC Ventures, OSS Capital, and Creative Destruction Lab are 5 of 9 investors who have invested in Bittensor. Who are Bittensor’s competitors? OpenAI is a competitor of Bittensor. Conclusion: We are dealing with the biggest technological shift of our time. I really don't know what else is more crucial than a technology that is so disruptive even governments now want to put regulation in place to stop its proliferation. A new nuclear weapon is here, and my money is on unstoppable AI, Bittensor! Let's go!
Long
by tradingraider
2
Rotate Within Narratives for Improved ROIThis chart shows TAO priced in FET, both considered "AI projects". Both coins performed well relative to the market, but also against each other (as the chart shows). Retrospective strategy: Portfolio $10k. 25 Oct '23: Buy TAO @ $75. (133 TAO). Current price of FET $0.3. 15 Feb '24: Sell TAO > USD @ $679 = $90,533 15 Feb '24: Buy FET @ 0.68 (133,137 FET) 1 Apr '24: Sell FET > USD @ $3.08 = $410,062 The pattern may or may not repeat, but if the AI narrative heats up again, watch for TAO to lead FET, and then rotate at resistance on the pair chart.
Long
by MockneyScot
Bittensor the Bitcoin Of Artificial IntelligenceElliot Wave Pattern: The chart shows an Elliot Wave pattern in which waves 1, 2, 3, 4, and 5 are identified. Currently, the price is in the corrective area of ​​wave C. This implies that the correction may be nearing its end and a potential reversal towards the next impulsive wave may occur. The next rally will be the very impulsive based because we are in major wave 3. Fibonacci Retracement: The price is currently around the 0.618 (approx. $308.16) and 0.5 (approx. $393.81) Fibonacci retracement levels. This level is often considered a strong support level in technical analysis. If the price manages to stay above this level, a significant upward movement is likely. Bullish Divergence on RSI: The RSI (Relative Strength Index) indicator shows a bullish divergence, which means that even though prices are falling, purchasing power is starting to increase. This is often a signal that the price will reverse upwards. Price targets: Potential price targets based on Fibonacci extensions are approximately $1,003.05 (1.618) and $1,409.51 (2.618). This indicates the potential for a large increase from the current price if a reversal occurs. EMA (Exponential Moving Average): The price is currently below the 21-day EMA, which serves as dynamic resistance. A break above this EMA will provide additional confirmation that an uptrend is underway. Taking into account the factors above, TAO/Bittensor has the potential to experience a significant increase if the price manages to stay above the critical support level and there is confirmation of the bullish divergence on the RSI.
Long
by CryptoWizard_
1
Bittensor (TAO)Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Bittensor (TAO) is decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind. Anyway, it is clear that TAO's movement was great. First, oscillating in a triangle pattern, breaking this triangle upward, and rising more than 1000%. Then the correction started, which seems unfolding in an inverted-descending wedge pattern. Let's see when TAO breaks this wedge upward.
by SaeedSalehinia
TAO/USDT On the Edge of Major Breakout From Symmetrical Triangle💎#TAOUSDT is on the verge of a major market move as it approaches the upper boundary of a Symmetrical Triangle. Currently, it's testing the channel’s resistance, supported by strong momentum at $381.8. This positioning offers a substantial chance for a breakout, setting the stage for an upward trajectory. 💎However, if #Bittensor cannot sustain this momentum and dips below the critical support of $381.8, it may signal a weakening trend with potential declines. The subsequent critical demand zone at $330.03 is our watchpoint, renowned for its liquidity and history of initiating significant upward movements. 💎In the case that GETTEX:TAO revisits this demand zone, achieving a robust rebound to affirm support is imperative. A failure to do so could intensify bearish forces, tarnishing market sentiment and potentially catalyzing further price drops. 💎Stay vigilant and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and ready to navigate the potential shifts in the #TAO market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
TAO GOOD PRICE FOR DCA IN THIS ZONEIf the market allows in this zone, we will have a discount of almost 63%, which is an excellent price.There is a 50 weekly moving average, which of course should be a big support . If we look at it as futures, it is better to wait for confirmation of a higher peak and testing of that peak. Next week we will receive a report from ENVIDA and if it is good, it can push the price of TAO. We keep in mind that BTC has held the 50DMA, at the peak of its dominance, and at some point money will start flowing into quality projects like TAO again. If you like this free content, press like and leave a comment
Long
by learnfromfailure