REDATOR Redator Postado 9 horas atrás REDATOR Denunciar Share Postado 9 horas atrás Crypto traders are an optimistic lot. True, Bitcoin, Ethereum, and XRP crypto are stable now, but the truth is, the downtrend remains. There is solid proof to illustrate this: Although the total crypto market cap is up 1.3% in 24 hours, none of the top 50 coins are up double digits, except Bittensor TAO crypto and ZCash. TAO crypto is defying gravity, adding a cool +24% in the last week of trading, only trailing ZEC, which is up +46% during this period. Admittedly, the ZEC crypto uptrend has been clear and defined, even without the flush out. Because of the privacy trend, ZEC and most privacy-centric altcoins like Dash Pay edged higher. (Source: Coingecko) It is a whole different story for Bittensor: Fundamentals and technicals are different. On one hand, there is the AI story, yet on the other hand, technicals look really good. On Coinglass, traders are leaning bullish, across most perpetual exchanges. The long-short ratio among top trader positions is above two, meaning there are way more long positions than shorts. (Source: Coinglass) DISCOVER: Best Meme Coin ICOs to Invest in 2025 Bittensor TAO USDT Explodes 24% In 7 Days That traders are piling up more TAO crypto at this time when caution should prevail is telling. From the TAO USDT daily chart, the path of least resistance is evidently northwards. TAO crypto is up nearly +60% from October 11 lows, and a cool +220% from Q4 2025 pits printed on October 10. Market Cap 24h 7d 30d 1y All Time Traders who faded the sell-off are deep in green, even without leverage. The short squeeze saw TAO USDt break above September highs of around $320, forcing prices to around July 2025 highs of $450. If this trend remains and TAO USDT closes above the May and June highs of around $520, Bittensor prices will likely soar to December 2024 highs of around $720. On X, one analyst thinks TAO crypto only has to close above $475. If it does, preferably with rising volume, the Bittensor price could soar to $600. Bittensor $TAO faces a big test at $475. Break it, and a rally to $600 could follow. pic.twitter.com/HbyouuwZLr — Ali (@ali_charts) October 15, 2025 DISCOVER: Top 20 Crypto to Buy in 2025 Why is TAO Crypto Exploding? Bittensor Halving and TAO Synergies $11M Private Placement Bittensor is closely tied to AI, and being an AI-focused platform, any surge in interest would directly boost TAO crypto. At the moment, Bittensor is trending in China; a key market that’s behind the global AI expansion. Something about bittensor you may not know: China interest is exploding pic.twitter.com/l7LdfVwfOs — τao τemplar (@TAOTemplar) October 4, 2025 Another analyst thinks TAO is not an AI token or a currency. Instead, he is convinced TAO crypto is an “entrepreneurship token” that allows good ideas to “mate with good incentives” that, in turn, “create amazing products.” Considering what TAO crypto is, the analyst thinks its role in AI is why TAO Synergies, a public firm, wants to scoop up all tokens. On October 13, TAO Synergies raised $11M in an oversubscribed private placement that will see the company create a TAO strategy. Among key investors was Digital Currency Group (DCG), which is behind Grayscale, the asset manager. Besides buying more TAO, TAO Synergies will use proceeds to fund validation for high utility subnets. (Source: X, Tao Synergies) Notably, Grayscale has already filed with the United States SEC to convert its Bittensor Trust into an ETP. If this request is granted, more institutions will likely explore and even gain exposure in TAO crypto, a net positive for bulls. Grayscale just filed a Form 10 with the SEC for the Grayscale Bittensor Trust. And if history is any guide… this is the exact playbook that led to the Bitcoin and Ethereum ETFs.$BTC → $GBTC → ETF.$ETH → $ETHE → ETF.$TAO → ? The Grayscale Playbook$GBTC:2013 → Trust… pic.twitter.com/b0XyKMMwNB — Andy ττ (@bittingthembits) October 12, 2025 In mid-December 2025, Bittensor will also halve its block reward, reducing daily TAO emissions from around 7,200 to 3,600 tokens. As with any halving event, TAO crypto will be scarce and deflationary. Should Bittensor draw more users and more firms create TAO treasuries, the resulting demand could push TAO USDT above $1,000. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Bittensor TAO Crypto Explodes 220%: What's Going On? Bittensor TAO is firm, outperforming Bitcoin, Ethereum TAO crypto up 24% in one week, reversing October 10 losses TAO Synergies raises $11M to buy more TAO Bittensor Halving block rewards in mid-December The post Bittensor TAO Crypto Explodes 220%: What’s Going On? appeared first on 99Bitcoins. Citar Link para o comentário Compartilhar em outros sites More sharing options...
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