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AI tokens are seeing a price surge in anticipation of NVIDIA's upcoming quarterly earnings report. Over the past week, Bittensor (TAO), the native token of the decentralized AI development platform Bittensor, has risen by approximately 25%.
Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia's incoming earnings report.
Altcoin traders could send MATIC, SUI, RENDER and TAO higher if Bitcoin manages to continue trading above $64,000.
Bittensor (TAO) is making waves with a remarkable rally. Despite Bitcoin's price stagnating around $60,000, Bittensor stands out as a major player in the AI and big data sectors, driving impressive gains and signaling a potential breakout above $400.
Artificial Intelligence-focused cryptocurrencies — and stocks — will be in the spotlight next week as Nvidia publishes its quarterly results after the closing bell on Wednesday, Aug. 28.
The crypto market has had a bullish week on average. Like many altcoins, Artificial Intelligence (AI) coins were not left out of the rally.
TAO's Open Interest has gained more than $12 million in two days alongside soaring prices.
With the price of Bitcoin holding its value above the $60,000 mark, the crypto market has displayed a stable price movement for the first time over the past few days. This indicates a rising bullish sentiment in the crypto space. Moreover, altcoins continue recording significant uptrends, with many tokens experiencing a double-digit surge daily.
Cryptocurrency markets are in a buoyant mood on Friday in wake of Fed Chair Jerome Powell opening the door for imminent rate cuts, with traders parsing altcoin markets for top crypto performers today that might be able to deliver them the fastest gains.
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.
Cryptocurrencies rose on Tuesday as traders started moving back to the market. Bitcoin, which sets the tone in the crypto industry rose to a high of $61,453, its highest point since August 14 and 24% above its lowest point this year. This recovery means that Bitcoin has moved into a local bull market.
As the Ethereum price continues hovering close to its $2,500 mark, top altcoins continue stumbling, highlighting a weak bullish sentiment in the crypto space. Positively, investors consider this to be an excellent opportunity to buy altcoins at a discounted price.
As crypto markets trade in subdued fashion amid a lack of notable catalysts, traders are scouring altcoin markets for top crypto performers today that might be able to generate quick gains.
Bittensor (TAO) has been one of the best-performing AI (Artificial Intelligence) tokens this cycle after surging 180% during Q1 2024. The token has significantly retraced from its march all-time high (ATH) and is currently testing key resistance levels.
Grayscale, the world's largest crypto asset manager, now operates at least 17 single-asset crypto investment products.
Grayscale also launched funds for protocols Bittensor and Sui in August.
The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.
Since August 9, Bittensor's (TAO) price has experienced a steady daily decline. This downward trend contrasts sharply with the altcoin's performance from August 5 to 8, when prices were rising.
Although the artificial intelligence (AI) hype seems to be slowing down, cryptocurrencies specializing in this field are still exceptionally popular, as reflected in their price performance and market capitalization, which, for some of them, already amounts to billions.
Popular analyst Michaël van de Poppe shares a list of altcoins that could bounce off more strongly after the last dip. This comes as crypto markets reel from the recent correction that saw Bitcoin (BTC) test the depths of $49,000.
After going all-in on altcoins three months ago, professional crypto trader Michaël van de Poppe has shaken up his altcoin portfolio, adding cryptocurrencies he considers will offer solid returns on investment (ROI) following the recent crash.
Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.
With the rising price volatility, the cryptocurrency market has displayed a strong bullish recovery with top tokens successfully retesting their respective support levels. Further, the market leader, Bitcoin price trades above the $61K mark with a 24-hour high of $61,381.
TAO, the utility token of the decentralized network Bittensor, is among the top gainers in the market today. The altcoin, which was trading as low as $181.79 on August 5, has surged to $316.93 at press time.
