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MainNewsBittensor TA...

Bittensor TAO Gains 14% on Hints of Grayscale Investment Product


May, 23, 2024
< 1 min read
by CoinEdition
Bittensor TAO Gains 14% on Hints of Grayscale Investment Product
  • Bittensor’s TAO Token Surges Over 10%: Speculation of Grayscale Trust Drives Rally.
  • Crypto Speculation: Unconfirmed Grayscale Rumor Fuels TAO’s Bullish Momentum.
  • Technical Analysis Suggests Further Gains for TAO Amidst Investor Optimism.

Bittensor, a decentralized AI platform, has witnessed a remarkable price surge in its native token, TAO, which has climbed by over 10% in the past 24 hours. This significant uptick has positioned TAO as the top gainer, according to CoinMarketcap data. As of press time, the price of TAO stood at $483.10, marking a 14% increase from the intra-day low and 21% in the last week.

Concurrently, TAO’s market capitalization and 24-hour trading volume surged by 11.93% and 38.94%, respectively to $3,304,321,962 and $85,982,888. 

TAO/USD 24-hour price chart (source: CoinMarketCap)

The increase in TAO’s market capitalization is attributed to unconfirmed reports that Grayscale, a leading digital asset manager, is planning to launch a new trust associated with the TAO token. Although such rumors are still speculative, no current filings with the Securities and Exchange Commission (SEC) to support them, they have attracted a lo…

The post Bittensor TAO Gains 14% on Hints of Grayscale Investment Product appeared first on Coin Edition.

Read the article at CoinEdition

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Bittensor TAO Gains 14% on Hints of Grayscale Investment Product


May, 23, 2024
< 1 min read
by CoinEdition
Bittensor TAO Gains 14% on Hints of Grayscale Investment Product
  • Bittensor’s TAO Token Surges Over 10%: Speculation of Grayscale Trust Drives Rally.
  • Crypto Speculation: Unconfirmed Grayscale Rumor Fuels TAO’s Bullish Momentum.
  • Technical Analysis Suggests Further Gains for TAO Amidst Investor Optimism.

Bittensor, a decentralized AI platform, has witnessed a remarkable price surge in its native token, TAO, which has climbed by over 10% in the past 24 hours. This significant uptick has positioned TAO as the top gainer, according to CoinMarketcap data. As of press time, the price of TAO stood at $483.10, marking a 14% increase from the intra-day low and 21% in the last week.

Concurrently, TAO’s market capitalization and 24-hour trading volume surged by 11.93% and 38.94%, respectively to $3,304,321,962 and $85,982,888. 

TAO/USD 24-hour price chart (source: CoinMarketCap)

The increase in TAO’s market capitalization is attributed to unconfirmed reports that Grayscale, a leading digital asset manager, is planning to launch a new trust associated with the TAO token. Although such rumors are still speculative, no current filings with the Securities and Exchange Commission (SEC) to support them, they have attracted a lo…

The post Bittensor TAO Gains 14% on Hints of Grayscale Investment Product appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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The following is a guest post by Nischal Shetty, co-founder and President at Shardeum...
Jun, 16, 2024
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