TAO skyrockets 300%! Can this bullish momentum sustain, or is a correction looming?

Bittensor (TAO) is currently making headlines in the cryptocurrency space, having experienced an impressive 16% surge in the past 24 hours. This notable increase positions TAO among the top gainers in the market, particularly within the rapidly evolving AI cryptocurrency sector.

With the growing advancement of the crypto market and the world becoming more digital, investors are looking for the next prospects that they think can provide them with high profits.

Michaël van de Poppe, a prominent figure in the cryptocurrency trading community, recently articulated his optimistic outlook for two specific altcoins: Sui Network (SUI) and Bittensor (TAO). With expectations that both could reach new all-time highs, van de Poppe's insights are especially pertinent for investors seeking opportunities in the current market landscape.

Nvidias stock has hit a six-week high, triggering sharp rallies in AI tokens NEAR, TAO, and FET. Analysts expect the bullish trend to continue as Nvidia unveils more AI advancements at its summit.

Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost.

FET exhibits bullish patterns but is set for a decline.

Researchers found a vulnerability in NEAR's peer-to-peer networking protocol that could have crashed any node, but it was patched before an attacker could discover it.

Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.

TAO has shown strong bullish momentum, potential for $800 if growth is continued.

Artificial Superintelligence Alliance (FET) has been on a downward trend since September 25, losing 9% of its value. While the dip might appeal to investors seeking buying opportunities, the token's technical setup indicates a potential further decline of up to 50%.

TAO rallied 164% in the last 30 days and data suggests there is room for the AI token to move higher.

Bittensor (TAO) continues to draw attention as one of the most widely mentioned AI tokens. The project also gains social media exposure through high-profile accounts.

FET is showing renewed positive strength, with recent price action suggesting a breakout toward the $1.8 resistance level may be on the horizon. After bouncing back from key support zones, the cryptocurrency has caught the attention of traders as upward pressure begins to build.

The NEAR protocol, a layer-one blockchain, is emerging as an advanced solution to address the main challenges in the cryptocurrency field, such as slow transactions and poor interoperability between different chains. Currently, NEAR is priced at $5.22 and has a market capitalization of $6.

The altcoin market is showing signs of a potential bullish breakout, with Chainlink hinting at a market upswing.

Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.

INJ showed resilience throughout the September rally, but a hidden risk still lingers, threatening to undermine its recovery potential.

Bittensor (TAO) stands out as an intriguing project at the intersection of blockchain technology and artificial intelligence. With its current price sitting at approximately $581.25, many investors are curious about what the future holds for TAO.

Bittensor (TAO) has seen significant bullish momentum recently, pushing its price above the $600 mark.

Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30 days.

When Open Interest increases alongside the price, it shows that more money is flowing into TAO.

Amid increased price volatility in the cryptocurrency market, the Artificial Intelligence (AI) category has regained momentum over the past day. This has resulted in major tokens from this category recording a massive price surge within a short period.

It appears that the Artificial Superintelligence Alliance (FET) is poised for a massive price decline as it has formed a bearish price action pattern on a daily time frame. In addition, FET's on-chain metrics such as future open interest, Long/Short ratio, and liquidation levels are signaling bearish market sentiment and potential price decline.

As the market buckles under the weight of the bearish sentiment, the altcoin market is continually being pulled further down forcing losses to altcoin holders. Injective is one of those altcoins facing massive losses with the token's price slashed by 20% since last week, representing a strong bearish sentiment in INJ's market.

Recent price action is painting a bearish picture for FET, with the Relative Strength Index (RSI) signaling the potential for further declines. As the RSI hovers in bearish territory, the momentum seems to be favoring sellers, raising concerns of a deeper downturn.

Bittensor (TAO) is gaining attention, along with other top earners in the AI narrative. TAO had its most successful month so far, earning more than 100% in September.

NEAR price action makes for one of the most robust altcoins in the crypto market right now. The NEAR protocol has been making significant strides in the blockchain space, and recent developments highlighted by the On-chain analytics platform Our Network suggests that NEAR is ready to hit $10 by the end of the year.

OpenAI's latest funding could be a great development for the Sam Altman-led company. However, for Artificial Intelligence (AI) coins, including Bittensor (TAO) and Artificial Superintelligence Alliance (FET), it is a classic “sell the news” event.

For now, however, the poor short-term performance does not seem to have affected the medium-term one.

An analyst has identified a bearish pattern on the USDT dominance chart which now signals an impending rally for the altcoin market

AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.

AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.

Key Points:

FET price has seen significant price action recently, driven in part by shifting market sentiment following CUDOS' addition to the Artificial Superintelligence Alliance (ASI). Despite this development, some concerns have emerged regarding FET's price potential.

TL;DR Injective 3.0 Launch: The upgrade introduces an aggressive token burn mechanism to transform INJ into a highly deflationary asset, potentially driving up its value. Market Dynamics Shift: The reduction in INJ supply is expected to enhance scarcity, making the token more attractive to investors and possibly leading to significant price appreciation.

One of the biggest goals is to cut down the supply of INJ tokens. It could make it one of the most deflationary assets in all of crypto.

Bittensor (TAO) price and the rest of the crypto market are down following rising geopolitical tensions in the Middle East. For many investors, the crypto market's ‘Uptober' rally is at risk of being cut short if Bitcoin price slides lower.

With BTC's price holding its value above the $64k level, the market has experienced increased bullish action. Moreover, the memecoin and AI categories have recorded the highest gains within a short period.

FET price is showing some unusual patterns that could impact its direction in the near future. Recent activity from major holders has caught attention, raising questions about what's next for the token.

Fetch AI (FET) price has recently experienced a notable increase despite minor market downturns, highlighting its resilience. This outlook can be attributed to the upcoming Coinbase listing of FET perpetual futures, which may catalyze further gains.

Injective, a Mark Cuban-backed layer-1 network, bounced back, rising to its highest level in over two months as whale activity increased. Injective (INJ) token jumped to $24.87 on Tuesday, Oct.

In September, Bittensor's (TAO) price surged 111%, rising from $264 to $587. However, as October begins, several indicators suggest that TAO's price may encounter resistance, potentially limiting further gains.

Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.

Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.

According to the latest market trends, the artificial intelligence (AI) coin bittensor (TAO) has overtaken internet computer (ICP), now sitting as the second largest AI-focused coin, just below near protocol (NEAR). TAO's 5.