AI Coins Are Skyrocketing – Is Bittensor’s TAO the Next Big Millionaire-Maker?
A journalist and copywriter with a decade's experience across music, video games, finance and tech.
Bittensor ($TAO) and several other leading AI coins are pumping today, despite a marketwide downturn that has shaven 0.4% from the now-$2.16 trillion crypto market.
According to the data, Bittensor’s $2.3 billion market cap $TAO token is up 2.7% in the last 24 hours and 12.6% over the last seven days to trade at $313.75 as of this writing.
However, Bittensor’s performance isn’t typical for an AI coin today. AI’s leading Web3 project, the $4.4 billion cap Near Protocol ($NEAR), shed 4.1% overnight and only gained 1.7% over the week to change hands at $3.97.
Internet Computer ($ICP), the $3.6 billion runner-up, is posting stiff losses of 2.9% on the day and 10.7% on the week as it trades for $7.71 a token.
Artificial Superintelligence Alliance ($FET) was born of a rebrand earlier this summer when the Fetch.AI ($FET) merged with SingularityNET ($AGIX) and Ocean Protocol ($OCEAN) to pool resources and provide the public with greater and more transparent access to powerful AI. At today’s price of $1.33, $FET is up 1.8% in 24 hours and 1.4% in a week.
Like Bittensor’s $TAO, the trillion-cap crypto market leader Bitcoin ($BTC) is also having an atypical day.
While the rest of the market loses a little ground, Bitcoin is pressing forward. $BTC gained 1.2% overnight and 5.4% over the week and currently sells for $59,703.
Bittensor is a decentralized machine learning network that incentivizes connecting AI models and train them together via the $TAO token.
$TAO hit an all-time high (ATH) of $757.60 on March 7 this year. Since then, it has declined by about 58%.
Throughout the summer, Bittensor’s $TAO found stiff resistance at $360 and was
Read more on cryptonews.com
