CandleFocus Bittensor (TAO) becomes top gainer among recovering AI narrative
2024-10-04
Author: Content Editor
Bittensor (TAO) has emerged as a leader in the AI narrative and has experienced significant gains in the past month. The asset has risen by over 100% and is now trading at $548.70, up from $230 at the beginning of September. Bittensor has seen its most successful month to date, surpassing its January growth of 78%, and has gained attention in Grayscale's Decentralized AI Fund. TAO has the second-largest allocation in the portfolio, trailing only NEAR Protocol. Despite volatility and dependence on staking, DeFi yield, and speculative trading, TAO remains an attractive asset. It is also a highly staked token, with 78.28% of TAO tokens currently staked. With limited supply and growing usage, TAO's future looks promising.
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