- Bittensor, as of the time this article was published, was ranked first in gains.
- Smart Money is massively collecting TAO.
Bittensor [TAO] The AI crypto ecosystem continues to grow. According to the latest market data, TAO has gained more than 16% in the past 24 hours, which makes it among the top gains for the 100 largest crypto currencies by market capital. CoinMarketCap.
The trading volume increased by 77% and placed it in the top 30 assets traded, highlighting the potential growth of the asset. Bittensor’s recent price movement reflects the upward trend, as evidenced by significant gains in the TAO/USDT currency pair.
TAO’s bullish outlook was reinforced by its surge of more than 108% after breaking out from a falling wedge pattern.
There is speculation, based on current market conditions that TAO may reach the price of $800 in this last quarter of the calendar year if crypto markets continue to show positive growth.
A short correction will occur before this surge. It is important to find a zone of safe entry just below the range.
Smart Money – Investing in the Future
Smart Money’s strong accumulation is one of the main factors that could support the rise of TAO up to $800. TAO is the most popular token among Smart Money’s investors.
Other assets, such as Solana, have been overtaken. [SOL] Smart Money is now the leader in Smart Money’s accumulation, putting it above popular projects such as Maker [MKR] Render [RNDR].
Source: CryptoAI
The fact that AI-related cryptos continue to perform better than other sectors shows how important investors are for TAO.
TAO’s leadership in the AI coin industry, coupled with the increased interest for Smart Money, strengthens the argument for a $800 price target if market conditions are favorable.
Percentage of global long-term debt
The global TAO long account percentage, which was previously declining, now shows signs of improvement. TAO has seen an increase in long-term positions by traders, which reflects their growing confidence.
The increase in TAO long positions is consistent with the positive sentiment towards the coin, especially as AI coins continue outperforming the entire cryptocurrency market.
TAO is well positioned to take advantage of this trend. It is still important to keep in mind that the cryptocurrency market will remain volatile and unpredictability.
Bittensor’s (TAO), which is supported by Smart Money and recovery on long positions, has a very strong movement. TAO may reach the $800 level if the current trends are maintained. This coin is worth keeping an eye on as the year comes to an end.
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Source: ambcrypto.com
