Is Bittensor (TAO) the Next Crypto Superstar? You Won’t Believe What Happens Next! 😲

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Bittensor, or as the cool kids call it, TAO, is currently strutting its stuff at a price of $423.3. Now, before you roll your eyes and think, “Oh great, another crypto,” let me tell you, this little gem has managed to stay bullish, rising almost 2% in the last 24 hours. Meanwhile, the rest of the digital asset world is having a collective meltdown, with Bitcoin floundering like a fish out of water, unable to reclaim the 20-day Exponential Moving Average (EMA). Most altcoins are turning red faster than a tomato in a blender, but TAO? It’s like that one kid in school who always gets picked first for dodgeball, hitting a daily high of $446.41. 🎉

As of now, TAO is trading at $429.98 and is testing the support at the 20-day EMA, which is hanging out at $420. For Bittensor to keep its sunny disposition, it needs to hold this support level while dreaming of a price surge towards the elusive $450. Just last week, it reclaimed the 20-day EMA after a whopping 20.18% surge. Talk about a comeback! 💪

James Ross, an angel investor in Ethena Labs and other crypto projects, recently tweeted (or should I say, X-ed?) that Bittensor has caught the eye of venture capitalists. He quoted a VC saying that this AI protocol is like the golden ticket for developers in the AI and crypto realms. Who knew crypto could be so glamorous? 💼

A top VC just told me…

Bittensor is like Virtuals but for smart people who can actually build AI $tao dtao

for the record i have positions in TAO, Subnet 50 (below) + a few virtuals agents

— James Ross 🟡 (@JRossTreacher) February 19, 2025

But wait, there’s more! The recent introduction of subnet tokens via Bittensor could be the “next generational opportunity,” according to a market participant named “hitesh.eth.” Apparently, some of the most useful subnets, like OpenKaito, Sturdy, Synth, Masa, and Infinite Games, have all launched tokens alongside TAO. They’re predicting that a few of these subnet tokens might see gains of 50–100x in the coming weeks. Sounds like a lottery ticket, doesn’t it? 🎟️

Bittensor (TAO) Price Analysis

Analyst Michael van de Poppe, who apparently has a crystal ball, confirmed that he holds TAO in his personal portfolio and has even made a profit. He added that a retest of low $400 price levels could send the TAO token soaring like a rocket. 🚀

Another analyst, “Kings Charts,” is predicting new all-time highs for TAO, with $370-$350 being the sweet spot for buying. If only we could all be so lucky! 🍀

Source: TradingView

The Relative Strength Index on the daily chart provided by TradingView reads a value of 55.36, which means the bulls are having a field day with the Bittensor token. The line’s gradient suggests we’re in for some consolidation around these levels. Meanwhile, the MACD indicator is also feeling bullish, with the MACD line (blue) sitting comfortably above the signal line (red). The MACD histogram is green, indicating that buyers are out in full force. It’s like a party, and everyone’s invited! 🎊

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2025-02-24 22:11