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.

FET exhibits bullish patterns but is set for a decline.

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.

AI coins have witnessed significant price gains alongside the Nvidia stock, which hit a six-week high with recent bullish developments for the company. These coins have a positive price correlation with the NVDA stock and could continue to rally with the tech company expected to make some bullish announcements at its summit which began today.

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.

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.

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.

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.

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

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.

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.

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.

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.

Bittensor, a fast-growing artificial intelligence token, was the second best-performing top 100 cryptocurrency in September after Sui.

The crypto markets are heading towards the end of the quarter and after an interim upswing, the prices of most of the tokens have been facing significant upward pressure. During the weekend, the Bitcoin price surged above $66,500, which squashed the possibility of a bearish close for the quarter.

The price of Artificial Superintelligence Alliance (FET) has surged by 35% this month, marking a strong recovery after previous declines during the early phases of the AI coin mergers. This recent performance has made September a positive month for the cryptocurrency.

Bittensor (TAO) price, a standout in the AI cryptocurrency market, is experiencing a significant upswing. Recent market events have reignited its ascent, pushing it closer to record highs.

Bitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE, and SEI.

Here is how some of your favorite assets concluded the week.

GoodEgg (GEGG), the Play-to-Date AI-driven social-fi token, has stormed into the decentralized AI scene, overshadowing major players like Bittensor (TAO).

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale's updated list signals a strategic shift towards decentralized AI and high-performance infrastructure, highlighting evolving market trends. The post Grayscale lists SUI, TAO, OP, CELO among top “high potential” tokens for Q4 2024 appeared first on Crypto Briefing.

BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

Over $440,000 in FET long positions were liquidated in the last 24 hours.

DWF labs reportedly deposited 1 million Artificial Superintelligence Alliance (FET) tokens (approx worth $1.68 million) to the crypto exchange Binance. This major move comes in when the FET price has jumped by around 42% since these token entered their portfolio.

As broader market sentiment improves, tokens that power Decentralized Physical Infrastructure Networks (DePINs) are among the altcoins showing potential gains in October.