CandleFocus Bittensor rose 108% in September while analysts see more gains
2024-09-30
Author: Content Editor
The Bittensor (TAO) token was the second best-performing top 100 cryptocurrency in September, rising by 108%. This increase was attributed to the rebound of popular AI assets and major developments in the AI industry, such as Alibaba's launch of over 100 new open-source AI models and OpenAI's surging valuation. Bittensor also saw increased demand in the futures market and its network is growing. Analysts believe the token has more upside potential, with some predicting it could jump to $1,000. The TAO price formed a triple-bottom and a golden cross pattern, and it is attempting to cross the psychological level at $600, with potential further gains to $777.
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