Ethereum

2024

Bittensor

Bitcoin

<p>Crypto analyst Mark Jeffrey shared insights on <a href="https://captainaltcoin.com/bittensor-tao-price-explodes-with-a-22-jump-is-a-major-breakout-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">Bittensor (TAO)</a>, suggesting it may become the “Third Great Coin” alongside Bitcoin and Ethereum. This assertion was highlighted in his tweet referencing the latest analysis from Arca’s newsletter and a podcast discussion with Dav Fields.&nbsp;</p>
<p>The unique combination of Proof-of-Work (PoW) with staking requirements for miners and validators, limited supply, and open AI applications are being noted as potential drivers of <a href="https://cointelegraph.com/news/bittensor-tao-leads-ai-token-rally-with-160-monthly-gain" target="_blank" rel="noopener noreferrer nofollow">TAO’s future valuation</a>.</p>
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   <p lang="en" dir="ltr">Great analysis of <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> in this morning's <a href="https://twitter.com/arca?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@arca</a> newsletter …<br><br>I'm starting to think (like <a href="https://twitter.com/DavFields?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@DavFields</a> said on the last Hash Rate) — that:<a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> may be the 'Third Great Coin' alongside Bitcoin and Ethereum.<br><br>The intersecting flywheels of PoW PLUS required staking for… <a href="https://t.co/x7cVNmga1e" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/x7cVNmga1e</a></p>— Mark Jeffrey (@markjeffrey) <a href="https://twitter.com/markjeffrey/status/1843409120411709671?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2024</a>
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<h2 class="wp-block-heading" id="strong-grayscale-s-growing-interest-in-bittensor-tao-strong"><strong>Grayscale’s Growing Interest in Bittensor (TAO)</strong></h2>
<p>Grayscale, a prominent digital asset management firm, has increased its TAO holdings, making it the largest position in its Decentralized <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> Fund. This shift in Grayscale’s portfolio demonstrates increasing confidence in the token’s potential.&nbsp;</p>
<p>TAO’s new position overtakes NEAR Protocol, signaling an evolving focus toward decentralized AI networks. In addition to <a href="https://www.grayscale.com/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s involvement</a>, Bittensor has garnered attention from prominent tech figures.&nbsp;</p>
<p>YouTube co-founder Steve Chen retweeted news related to TAO, amplifying its visibility in the tech and crypto communities. The recent introduction of Bittensor at a Google event in Canada further highlights growing interest in the project.</p>
<h2 class="wp-block-heading" id="strong-bittensor-s-price-close-to-all-time-high-strong"><strong>Bittensor’s Price Close to All-Time High</strong></h2>
<p>According to crypto influencer Sahil Roy Khan, Bittensor (TAO) is nearing its all-time high. Sahil noted that only a few hundred dollars are separating it from previous peaks.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> is just a couple hundreds $ away from ATHs<br><br>while….<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f537.png" alt="🔷" class="wp-smiley" style="height: 1em; max-height: 1em;">Grayscale increased <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> position as biggest holding surpassing weight of <a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$NEAR</a> (Grayscale Decentralized AI Fund)<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f537.png" alt="🔷" class="wp-smiley" style="height: 1em; max-height: 1em;">Steve Chen (Co-Founder of YouTube) retweeted Bittensor related news <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f537.png" alt="🔷" class="wp-smiley" style="height: 1em; max-height: 1em;">Bittensor was introduced in a… <a href="https://t.co/ljNbH5b6jJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ljNbH5b6jJ</a></p>— Sahil (@SahilRoyKhan) <a href="https://twitter.com/SahilRoyKhan/status/1843459222358634652?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 8, 2024</a>
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<p>As of the latest data from CoinGecko, <a href="https://www.coingecko.com/en/coins/bittensor" target="_blank" rel="noopener noreferrer nofollow">TAO’s price stands at $627.94</a>, experiencing a 0.26% increase in the last 24 hours and a 9.81% rise over the past week. This positive trend follows TAO’s increased visibility in the market, with recent subnet launches (SN50 and SN51) contributing to network growth.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sui-price-pumps-but-will-vcs-dump-on-you-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>SUI Price Pumps, But Will VCs Dump On You? Analyst Weighs In</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-community-excitement-and-industry-recognition-strong"><strong>Community Excitement and Industry Recognition</strong></h2>
<p>The Bittensor community continues to express excitement over the token’s future. Moreover, industry influencers like Barry Silbert, CEO of Digital Currency Group, have voiced strong support for TAO. This growing enthusiasm is reflected in its expanding ecosystem and recent technological advancements.</p>
<p>Bittensor’s unique position in the decentralized AI space, coupled with ongoing development and strategic support, positions it as a token to watch in the coming months.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-says-bittensor-tao-may-be-the-third-great-coin-alongside-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">Expert Says Bittensor (TAO) May Be The ‘Third Great Coin’ Alongside Bitcoin and Ethereum</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Says Bittensor (TAO) May Be The ‘Third Great Coin’ Alongside Bitcoin and Ethereum

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