TAO's sustained rally needs strong spot market demand otherwise it could stall in the short term.
The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.
The Near Protocol token rose for five consecutive days, crossing a crucial resistance level as its active addresses and transactions increased. Near (NEAR) rose to a high of $2.30, up by 25% from its lowest point this month.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
TAO may be likely to rally to $373 and $400 next, but traders should be prepared for a pullback.
Barry Silbert, CEO of Digital Currency Group, has stated that Bittensor (TAO) has the potential to outperform Bitcoin (BTC) as a global store of value.
Cryptocurrency prices started the week well as traders and investors started to move back into the industry, pushing the total market cap of all coins to over $2.84 trillion. Bitcoin price jumped to $87,000 for the first time in over a week. That rally led to more gains in the altcoin market.
Over the past few days, the FET taker buy/sell volume has been almost exactly equal.
Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%.
Here is how some of your favorite assets concluded the week.
Render's recent price surge did not come alongside a surge in network activity, casting doubts on its sustainability.
Top artificial intelligence tokens were among the best performers this weekend, as investors bought the dip following a key report from CoinGecko. AI Companions (AIC) tokens jumped by over 40% to $0.
The cryptocurrency market was relatively mixed during the Easter weekend, with volume remaining low. Bitcoin was stuck between $84,000 and $85,000, while Ethereum was hovering near its lowest point in months. This article provides a forecast for some of the top-performing coins like JasmyCoin (JASMY), Fartcoin, Artificial Superintelligence Alliance (FET), and Gala Games (GALA).
TL;DR Renewed investor interest in AI-related tokens has triggered strong price increases for assets like TAO (+14.19%), (+9.67%) and FIL (+6.47%). This surge is linked to Nvidia's recent visit to China and Bitcoin's current market stability.
The cryptocurrency landscape in 2025 brims with opportunities as innovative projects like Sui, Bittensor, and CartelFi capture investor attention. Sui's robust Layer-1 blockchain, bolstered by strategic partnerships, signals strong growth potential, while Bittensor's fusion of AI and blockchain offers a unique value proposition despite market volatility.
Demand for AI-themed tokens soars, as it captures 35% of global interest throughout Q1 2025.
The Graph is in a continuous downtrend with prices not respecting any support levels.
Bittensor (TAO) surged 10%, eyeing a breakout of a falling wedge pattern amid serious allegations of centralization.
TAO, the altcoin that powers Bittensor's decentralized machine learning network, has soared 10% in the past 24 hours. It has outperformed major cryptocurrencies like Bitcoin (BTC), which has seen a modest gain of 0.13%, and Ethereum (ETH), whose value has dipped by 1.3% over the past day.
TAO rallied as much as 13% on April 18, reclaiming a key support level and pushing its market cap back above $2.2 billion following reports that Nvidia plans to maintain its presence in China despite new U.S. export restrictions.
NEAR is showing signs of a potential bottom after weeks of aggressive selling. A falling wedge formation on the daily timeframe, combined with extreme oversold conditions and RSI divergence, points toward a possible bullish reversal targeting the $4.
AI coins continue to draw attention as April nears its end, with Render (RENDER), Story Protocol (IP), and CLANKER standing out. RENDER has led the pack, surging nearly 17% this week and reclaiming a $2 billion market cap.
Stanford lab, focused on AI research, will use the decentralized cloud computing platform Theta EdgeCloud for its work on LLMs. The decentralized cloud could be the solution for AI's vast computing needs.
Bitcoin (BTC) is still up on Thursday despite Fed Chair Powell's hawkish remarks on Wednesday. This has had the effect of a small lift in the crypto market.
NEAR Protocol is hovering just above the psychological $2 support, with price showing early signs of strength after a prolonged downtrend. A reclaim of $2.80 as support could confirm that the bottom is in.
AI crypto tokens are facing renewed pressure after Nvidia warned of a massive financial hit due to new U.S. export restrictions on chip sales to China.
The AI Crypto sector has been caught in the crossfire of the US-led trade war with China following Trump's latest escalation. The post Render Price Falls 7% as Trump's Nvidia Ban Sends Shockwaves Through AI Crypto Sector appeared first on Cryptonews.
The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.
Bittensor (TAO) has been on our radar for a while now, and for good reason. Decentralized AI is fast becoming the future, and Bittensor is one of the core projects pushing that narrative.
Even while stock markets are mired in uncertainty, AI tokens continue to mount a rebound. Behind the scenes, the crypto AI sector is exploding after fresh announcements from OpenAI and NVIDIA.
The crypto market has registered a marginal increase as most cryptocurrencies, including Bitcoin (BTC), remained steady over the weekend. The crypto market cap currently sits at $2.69 trillion.
Top gainer, rising demand, breakout setup — is $0.34 FET's launchpad for a high-conviction R/R play?
NEAR might be approaching a key breakout as technicals aligned with rising retail and liquidation momentum.
Prominent crypto analyst Ali Martinez has shared a bullish prediction on the NEAR market suggesting a potential 15% gain is on the horizon. Amidst a major downtrend, Martinez's latest forecast reveals the altcoin could soon see a significant market rebound.
TL;DR Cross-Chain Breakthrough: Injective's IBC Eureka bridges Bitcoin liquid staking tokens into Cosmos, creating new opportunities for seamless cross-chain interaction. Enhanced DeFi Opportunities: The upgrade enables rapid, secure transactions that empower advanced yield farming, lending, and staking options in the Cosmos ecosystem.
The Render Foundation has announced some key changes to its leadership team ahead of the RenderCon 2025, triggering a price surge for its native token, RENDER. The token has rebounded 16%, pushing the price above $3.7 on Biannce after a prolonged downtrend.
The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.
This new development opens the door for seamless onboarding of Bitcoin Liquid Staking Tokens (BTC LSTs). For example, Lombard Finance's $LBTC, from Ethereum to Injective.
The Render Foundation enhances its leadership team by appointing Silvia Lacayo as Head of Marketing and Communications, and promoting Luke Duncan to Community and Governance Manager.
In a compelling evening that brought together Web3 leaders, technologists, and innovators, Decentral House welcomed over 100 participants for a deep dive into the convergence of AI and blockchain, two of the most transformative technologies shaping the future.
Fetch.ai has announced the partnership with the luxury automotive industry pioneer Mansory, to integrate ASI-1 Mini into the vehicles. It is the world's first Web3-native language model (LLM) specifically built for agent-based AI. Fetch.ai, software company for decentralized and autonomous AI agents, has announced the new strategic partnership with Mansory, a pioneer in the luxury automotive sector.
The crypto market resumed its downward trajectory after a brief recovery on Tuesday. Bitcoin (BTC) and other cryptocurrencies crashed on Monday thanks to tariff-induced uncertainties but recovered on Tuesday.
Until $240 is flipped to support in the short-term, TAO traders can remain bearishly biased.
Despite tariff fears having an outsized impact on AI tokens, Bittensor's subnet ecosystem is posting impressive returns. In two months, its subnet tokens' market cap grew from $4 million to over $200 million.
The United States' first Bitcoin President is presiding over a crypto market crash. Crypto proponents and firms funded Trump's campaign with hopes of a pro-crypto regulation and policies in the U.S. While initial progress was made on the stablecoin bill and the Strategic Bitcoin Reserve, Trump is changing world order with his Liberation Day tariff announcements.
Bitcoin and other altcoins bounced back on Tuesday as investors attempted to buy the dip after most of them dropped to their multi-month low. BTC price surged to $80,000, while the total market cap of all coins jumped by over 3.5%. Some of the top-performing tokens were JasmyCoin (JASMY), Pepe (PEPE), and Render (RNDR).
Despite a series of major initiatives in the first quarter of this year, Injective has seen its price continue to trend downward, now sitting in the deep oversold zone.
Crypto prices were mixed last week as most investors remained in the sidelines as the fear and greed index moved to the extreme fear zone of 4. Bitcoin rose by about 1% during the week, while other tokens like Cardano, XRP, and BNB were barely moved as US stocks plunged.