{"id":46644,"date":"2025-02-21T15:17:10","date_gmt":"2025-02-21T15:17:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46644"},"modified":"2025-02-21T15:17:10","modified_gmt":"2025-02-21T15:17:10","slug":"2-reasons-why-bittensor-tao-soared-by-over-50-in-the-last-14-days","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46644","title":{"rendered":"2 Reasons Why Bittensor (TAO) Soared by Over 50% in the Last 14 Days"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

TAO became a top 40 cryptocurrency after its solid price increase in the past few weeks.<\/span>
\nAnalysts predict it could hit $600 soon, with dips to the low $400s seen as buying opportunities.<\/p>\n

<\/a><\/span><\/h2>\n

TAO\u2019s Impressive Rally<\/h2>\n

Bittensor (TAO) has been among the top-performing cryptocurrencies lately, with its price surging by more than 50% in the last two weeks. Its market capitalization briefly crossed $4 billion, while currently, it stands at around $3.9 billion (per CoinGecko\u2019s data). <\/span>This<\/span> makes TAO the 37th-biggest digital asset, outpacing well-known altcoins such as Aptos (APT), Kaspa (KAS), Cronos (CRO), Filecoin (FIL), and others.
\n<\/span><\/p>\n

<\/a>TAO Price, Source: CoinGecko<\/p>\n

The price pump could <\/span>be attributed<\/span> to two main factors. First, it\u2019s<\/span>\u00a0Coinbase\u2019s <\/span>decision<\/span><\/a> to list TAO on its iOS and Android applications, allowing users to buy, sell, convert, or transfer the token.\u00a0<\/span><\/p>\n

Support from such a <\/span>major<\/span> exchange usually <\/span>has a positive effect on<\/span> the involved asset since it leads to increased liquidity, more accessibility, and potential hype among investors.<\/span><\/p>\n

Last month, Coinbase <\/span>added<\/span><\/a> the meme coin Toshi (TOSHI) to its roadmap, which <\/span>was followed<\/span> by a triple-digit price increase for the token.\u00a0<\/span><\/p>\n

The second element that could have contributed to TAO\u2019s rally is the overall resurgence of AI-related cryptocurrencies. According to CoinGecko, the niche currently has a total market capitalization of over $32 billion, with NEAR Protocol (NEAR), Internet Computer (ICP), Render (RENDER), Artificial Superintelligence Alliance (FET), and many more charting substantial gains.\u00a0<\/span><\/p>\n

TAO Price Targets<\/span><\/h2>\n

Some market observers believe the asset\u2019s bull run is far from being over. The X user Kings Charts noted the recent surge, expecting the <\/span>formation of an \u201cInverse Head and Shoulder.\u201d They <\/span>envisioned<\/span><\/a> a potential pump to $600 and even a new all-time high, calling a possible plunge to $375 or $350 a \u201cgood buy zone.\u201d\u00a0\u00a0<\/span><\/p>\n

Michael van de Poppe chipped in, too, <\/span>saying<\/span><\/a> that TAO is part of his <\/span>personal<\/span> portfolio. The analyst remains bullish on it, although suggesting that consolidation or a <\/span>small<\/span> dip is an option:<\/span><\/p>\n

\u201cHowever, <\/span>I think<\/span> we\u2019ll consolidate some here, maybe test low $400s, and then continue to rally again.<\/span> Those dips of 10-20% I see as opportunities.\u201d<\/span><\/p>\n

The post 2 Reasons Why Bittensor (TAO) Soared by Over 50% in the Last 14 Days<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR TAO became a top 40 cryptocurrency after its solid price increase in the past few weeks. Analysts predict it could hit $600 soon, with dips to the low $400s seen as buying opportunities. TAO\u2019s Impressive Rally Bittensor (TAO) has been among the top-performing cryptocurrencies lately, with its price surging by more than 50% in […]<\/p>\n","protected":false},"author":0,"featured_media":46645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46644"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46644"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46645"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}