The crypto market witnessed a surge in Bittensor (TAO) prices following a major exchange listing and strong fundamentals. Per Coingecko, TAO’s value jumped to $414.00, marking an 11.96% increase in the last day and a 43.27% rise over the past week.
This price movement coincides with Bitvavo’s announcement of TAO’s addition to their trading platform.
Exchange Listing Fuels Price Rally
The recent listing of Bittensor (TAO) on the Bitvavo exchange has further accelerated its upward momentum. Bitvavo, a trading platform, announced the listing via a tweet, providing more liquidity and accessibility to traders.
The token’s increased demand is a result of its listing on this exchange; as more traders join the market, the price rises. The surge in liquidity comes at a crucial time for Bittensor, positioning it well for further growth, especially with rising interest in AI-related projects.
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TAO’s Rapid Price Ascent
In a tweet, crypto expert Altcoin Miyagi provided an analysis of the current price movement of Bittensor and mentioned that TAO is getting close to its first target of $450. The analyst believes that although short-term volatility and a correction are probable, the token has room to rise and might reach $600.
As the broader AI sector continues to gain pace, Miyagi also voiced confidence that the price might recover to its all-time high (ATH) in the upcoming months.
Bittensor’s position in the market is further cemented by the bullish prognosis, which reflects confidence surrounding AI and its incorporation into blockchain technology. The mention of AI season “about to pop off” indicates a potential wave of interest in AI-driven tokens.
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