Shiba

Bittensor

<p>Bittensor (TAO), an open-source protocol powering a decentralized machine learning network, saw its price increase by over 12% in the last 24 hours. The cryptocurrency was trading at <a href="https://www.binance.com/en/price/bittensor" target="_blank">$499.77</a> at press time with a market capitalization of $3.09 billion, according to data from Binance.</p> 
<p>The significant price boost comes as one analyst predicts TAO could soon surpass the popular meme coin Shiba Inu. <em>“If we break past the $600 sell wall there is a highway to $1000+,”</em> <a href="https://x.com/cryptokin7/status/1754766231322694124?s=20" target="_blank" rel="nofollow">said</a> X platform user Dan. <em>“AI is the main narrative of this super cycle. And #Bittensor has literally no competition at this point. 4 digits soon.”</em></p> 
<figure class="wp-block-image size-large is-resized">
 <img loading="lazy" decoding="async" width="712" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-712x1024.png" alt="" class="wp-image-433535" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-712x1024.png 712w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-209x300.png 209w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-768x1105.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-1068x1536.png 1068w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-1423x2048.png 1423w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-104x150.png 104w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-100x144.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-243x350.png 243w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228-788x1133.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-228.png 1112w" sizes="(max-width: 712px) 100vw, 712px">
</figure> 
<p>Dan argues that <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="artificial intelligence" data-wpil-keyword-link="linked" target="_blank">artificial intelligence</a> is a major theme in the current crypto market cycle. As a protocol focused specifically on machine learning, Bittensor stands to benefit from this growing interest.</p> 
<p>Additionally, Bittensor has a first-mover advantage in its niche. The decentralized machine learning network does not currently face any direct competition. With a circulating supply of just 6.19 million TAO, the token has room to see further price appreciation if adoption continues rising.</p> 
<p>However, some urge caution before expecting TAO to imminently eclipse <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank">SHIB</a> by market capitalization. <em>“Retest is likely going to happen first,” </em><a href="https://x.com/CryptoNightNL/status/1754472183278019014?s=20" target="_blank" rel="nofollow">warned</a> crypto analyst Crypτonighτ.<em> “After that we are going for new ath.”</em> This suggests TAO may revisit lower support levels before breaking out to fresh all-time highs.</p> 
<p>TAO’s ATH sits at $517.39 which is only 3.3% down from the current levels.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Nonetheless, market enthusiasm for Bittensor remains high. The protocol saw over $32 million in trading volume over the past 24 hours. If the network can continue expanding and putting its machine-learning capabilities to new uses, TAO may keep turning heads in 2024.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-is-arcblock-price-up-by-140-analyst-warns-abt-investors-of-this-metric/" target="_blank" rel="noreferrer noopener">Why is Arcblock Price Up By 140%? Analyst Warns ABT Investors Of This Metric</a></li> 
 <li><a href="https://captainaltcoin.com/why-ronins-price-tumbled-after-a-major-exchanges-listing-mix-up-will-the-ron-listing-lead-to-a-rebound/" target="_blank" rel="noreferrer noopener">Why Ronin’s Price Tumbled After a Major Exchange’s Listing Mix-Up: Will the RON Listing Lead to a Rebound?</a></li> 
 <li><a href="https://captainaltcoin.com/presale-grows-and-grows-ripple-xrp-bnb-bnb-holders-continue-the-bull-run-in-pushd-pushd-presale-as-2024-shows-big-rewards/" target="_blank" rel="noreferrer noopener">Presale grows and grows – Ripple (XRP) &amp; BNB (BNB) holders continue the bull run in Pushd (PUSHD) presale as 2024 shows big rewards</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/expert-examines-bittensors-tao-a-highway-to-1000-rivaling-shiba-inus-shib/">Expert Examines Bittensor’s TAO: A ‘Highway to $1000+’ Rivaling Shiba Inu’s SHIB</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Expert Examines Bittensor’s TAO: A ‘Highway to $1000+’ Rivaling Shiba Inu’s SHIB

Table of Contents

CaptainAltcoin

Other articles published on Feb 6, 2024

KRYZA Diamond: The NEW Interoperable Swift Chain

This Cardano whale dumped 35% of his ADA for a new DeFi contender priced at $0.1, eyes 50x return...

Dogecoin Struggles with Market Dynamics Despite User Growth Surge

Ripple CTO Explains Dilemma of XRP Ledger Payments

Three Cryptocurrencies With Potential To Turn $100 Into $1,000

Decentralized Fund Management Platform DeSyn Launch Liquidity Restaking Fund, Enjoy triple points...

Join our free newsletter for daily crypto updates!