Latest BitTensor News

The altcoin market is experiencing a resurgence as investors prepare for an exciting fourth quarter. Notable performers like Bittensor and Dogwifhat have seen significant price increases, prompting many investors to shift their profits towards the Rollblock ($RBLK) presale. This innovative project aims to revolutionize the online gambling sector by integrating blockchain technology, making it an attractive opportunity for those looking to capitalize on the gaming industry's potential. Bittensor ($TAO) has recently cooled off after an impressive 100% rally, currently trading down 5% at $579. Despite this minor pullback, Bittensor holders have enjoyed a remarkable month, with their portfolios increasing by over 97%. Investors are keenly watching for continued upward momentum, particularly as the $500 mark serves as a crucial support level. Meanwhile, Dogwifhat ($WIF) has also gained traction, riding the wave of the meme coin resurgence with an 8% increase this week, bringing its price to $2.58. With a remarkable 73% gain this month, Dogwifhat could potentially reach its yearly highs again, depending on the overall strength of the meme market. Rollblock ($RBLK) is capturing investor attention with its presale, which has raised over $4.51 million, attracting more than 17,000 early adopters. This project promises to secure all bets on-chain, eliminating concerns about bet tampering and ensuring transparency. Investors are particularly excited about the potential for high annual percentage yields (APY) of 30% by staking RBLK, the platform's native token. With innovative tokenomics designed to reduce supply as demand increases, Rollblock positions itself as a promising investment opportunity in the rapidly growing $450 billion gambling market. New participants can take advantage of a 100% deposit bonus on purchases up to $500, making it an opportune moment to invest before prices potentially skyrocket.

The cryptocurrency market is currently experiencing a mid-week bearish trend following an initial bullish momentum. AI tokens, which recently captured significant attention, are now consolidating, potentially indicating a bullish reversal. However, notable pullbacks are observed in trading sets for Bittensor (TAO), Artificial Superintelligence Alliance (FET), and Render (RENDER). This scenario may present a strategic opportunity for investors to accumulate these tokens at discounted prices, despite the current market fluctuations. Bittensor (TAO) has recently made headlines with a remarkable price surge exceeding 200%. However, this upward movement has been accompanied by minor pullbacks, which have historically attracted bullish activity. Currently, TAO is positioned within a rising parallel channel, suggesting the potential for another higher high. While the price is expected to overcome upward pressure and aim for new highs, a decline in trading volume could limit volatility. The on-balance volume (OBV) is also showing lower highs and lows, raising concerns about the sustainability of the current price levels. On the other hand, the Artificial Superintelligence Alliance (FET) is navigating a bullish pattern despite intermittent bearish pressures. The token is testing crucial support levels, which could lead to a rebound. However, technical indicators are showing bearish tendencies, indicating a potential pullback. Meanwhile, Render (RENDER) is maintaining its bullish trajectory, supported by an ascending trend line. Although selling volume has increased, the price is expected to consolidate before initiating a rebound. Overall, while the market faces challenges, opportunities for strategic investments in these AI tokens may arise as the situation evolves.

A prominent crypto trader has made a bold prediction regarding three altcoins that could potentially outshine Ethereum (ETH) in the long run. These altcoins—Binance Coin (BNB), Rexas Finance (RXS), and Bittensor (TAO)—are noted for their unique innovations and growth potential in the evolving blockchain landscape. Binance Coin, which powers the Binance ecosystem, has seen a 16% increase over the past month and is currently trading within a consolidation zone. Analysts suggest that if market trends continue, BNB could experience a breakout, potentially reaching $1,076, with historical patterns indicating it might even surpass the $2,000 mark during the next bull run. Additionally, a significant net inflow into the Binance Smart Chain (BSC) highlights a growing preference for its lower transaction costs compared to Ethereum, positioning BNB as a formidable competitor for long-term dominance. Rexas Finance (RXS) is emerging as an exciting player in the decentralized finance (DeFi) space, focusing on the tokenization of real-world assets. This innovative platform allows users to invest in previously illiquid assets such as real estate and art, attracting a diverse range of investors. The ongoing presale of RXS has already raised over $2.81 million, with analysts predicting a potential price increase to $12 by 2025. Rexas Finance also offers tools for users to create and deploy tokens easily, alongside a launchpad for decentralized token sales. By bridging traditional and digital finance, Rexas Finance is poised for long-term success, tapping into a market valued at over $500 trillion. Bittensor (TAO) has gained significant attention in the AI token market, experiencing a remarkable 164% surge in the last month. Its integration into Grayscale's Decentralized AI Fund and rising trading volumes indicate strong investor interest. Bittensor's focus on decentralized machine learning models positions it as a key player in the growing demand for AI solutions. With a market capitalization of $4.7 billion and a trading price nearing its all-time high, analysts believe TAO may continue to outperform Ethereum and other altcoins. Each of these altcoins—BNB, RXS, and TAO—represents a unique opportunity for investors seeking high-growth prospects in the blockchain space, potentially challenging Ethereum's dominance in the near future.

The cryptocurrency market is currently witnessing a significant surge in AI-driven coins, with IntelMarkets (INTL) leading the charge in presale success. This emerging coin has attracted considerable attention, raising over $1.1 million at a presale price of just $0.027. Market analysts predict a potential price increase of up to 1,000% in the coming months, highlighting the growing interest in AI technologies within the crypto space. Alongside INTL, Near Protocol (NEAR) and Bittensor (TAO) are also experiencing impressive gains, with NEAR trading at $4.99 after a notable recovery from a low of $3.25. This trend suggests a shift in market dynamics, with AI coins poised to challenge established players like Cardano (ADA). Cardano (ADA) is currently facing a downturn, struggling to maintain its value amidst a bullish market. The coin has seen a minor increase of only 3%, trading at $0.36, but has experienced significant fluctuations, dropping as low as $0.3434. The persistent red candles on the weekly charts indicate a bearish trend, with a monthly decline of 2%. As the market shifts towards AI-driven projects, Cardano's position may be threatened, prompting investors to reassess their strategies in light of these emerging competitors. The IntelMarkets platform aims to revolutionize cryptocurrency trading by providing retail traders with advanced tools and features designed to simplify decision-making. Utilizing a dual architecture on Ethereum and Solana blockchains, IntelMarkets leverages over 100,000 inputs to generate a single trade signal, enhancing the trading experience. As the demand for efficient and cost-effective trading solutions grows, IntelMarkets is well-positioned to capitalize on this trend, potentially reshaping the landscape of cryptocurrency trading platforms.

Decentralized Physical Infrastructure Networks (DePin) are making significant strides in the tech industry by facilitating decentralized projects that focus on real-world infrastructure. Recently, the DePin sector has seen notable developments, including the listing of the GRASS token on OKX's pre-market futures platform. This allows users to trade USDT-margined futures on the GRASS token, which is the native asset of the Grass project. The futures went live on October 14, 2024, enabling users to monetize unused bandwidth by selling it to vetted companies, thereby creating a fairer marketplace for proxy services. Additionally, the Grass Foundation is set to release a checker for its highly anticipated “Airdrop One” on October 21, 2024, marking it as potentially the most widely distributed airdrop in crypto history. In another significant move, Aethir, a decentralized GPU-as-a-service network, announced the launch of a $100 million Ecosystem Fund aimed at fostering AI and cloud gaming initiatives. A substantial portion of this fund will be directed towards the Aethir Catalyst program, which offers grants ranging from $5,000 to $200,000 to emerging developers. This initiative not only provides financial backing but also grants access to Aethir's extensive GPU resources, enabling developers to create decentralized cloud-based games and integrate AI solutions. Aethir's strategic investment in this area reflects its commitment to enhancing its presence in the rapidly growing cloud gaming and AI sectors. Analytics platform LunarCrush has also highlighted the top DePIN projects based on social media mentions, with Bittensor (TAO) leading the pack with 10,880 mentions, indicating a surge in community interest. MultiversX (EGLD) and ICP (Internet Computer Protocol) followed, showcasing their growing presence in the decentralized infrastructure space. While DePIN is still evolving and faces challenges, it plays a crucial role in bridging the gap between synthetic and real-world assets, thereby supporting traditional infrastructure in areas where conventional models fall short.

Bittensor, an artificial intelligence-focused cryptocurrency, has recently emerged as a significant player in the market, ranking as the third top gainer among the top 100 cryptocurrencies over the past 30 days. The token, known as TAO, has surged by an impressive 106.8%, bringing its market capitalization to over $4.79 billion. This rise is attributed to a broader trend in the AI sector, particularly influenced by Nvidia Corp's stock rally, which has seen a 15.4% increase in the same timeframe. As Nvidia's stock continues to soar, the AI-crypto market cap has also experienced a boost, now standing at $29.8 billion, according to CoinGecko. Institutional interest has significantly contributed to Bittensor's growth, with Grayscale, a prominent digital asset manager, launching a Bittensor-focused fund that attracted $4.9 million in assets under management. Grayscale's decision to increase its allocation to Bittensor from 2% to 31% in its AI fund has instilled confidence among investors, leading to increased adoption and investment in TAO. Additionally, the demand for Bittensor in the futures market has reached a record high of $220 million, indicating a surge in interest from traders and investors alike. Analysts are optimistic about TAO's future trajectory, with predictions suggesting a short-term target of $1,000 and a mid-term target of $3,330. Technical indicators support this bullish outlook, as TAO is currently trading above the 50-day Moving Average, indicating a potential continuation of upward momentum. The Relative Strength Index (RSI) remains steady above 60, suggesting that the bullish sentiment is still strong. However, analysts caution that the $650 mid-level serves as a crucial support level; a drop below this point could signal a shift in momentum, potentially leading to a downward trend.

The cryptocurrency market is witnessing significant fluctuations, particularly with Ethereum and Bittensor experiencing declines, while BlockDAG is making notable gains. Ethereum has seen a drop in active users by 18.23%, decreasing from 382,000 to 312,000. This decline raises concerns about the network's overall activity, contributing to a price drop to approximately $2,480, which is a 6.18% decrease. Despite some trading activity from Ethereum ETFs, the lack of user engagement may further depress prices, prompting analysts to monitor its potential recovery. In contrast, Bittensor had a remarkable September, with its price surging by 111% from $264 to $587. However, early October has brought uncertainty, as indicators suggest that Bittensor might be overbought. Currently priced around $585, it faces resistance at $660, and without renewed interest, it could see a decline to $520 or even $445. The decrease in visibility and market focus for Bittensor could hinder its growth unless it can attract more attention from investors. Amidst these challenges, BlockDAG has emerged as a strong contender in the crypto space, raising $10 million in just 72 hours following the successful launch of its testnet. This achievement has propelled its presale value to over $92 million, with expectations of reaching a $600 million target. The BDAG coin has experienced a staggering increase from $0.001 to $0.0206, offering early participants a remarkable 1960% gain. As demand for BDAG coins continues to rise, experts predict a potential 30,000x return for early investors, making BlockDAG a project to watch closely in the upcoming crypto rally.

In the rapidly evolving cryptocurrency landscape, BlockDAG has emerged as a significant player, raising an impressive $10 million in just 72 hours. This surge in funding follows the launch of its highly scalable and user-friendly testnet, which has generated considerable excitement among investors. With the presale now exceeding $92 million, BlockDAG is positioning itself as a frontrunner for the next major crypto rally, drawing attention away from struggling platforms like Ethereum and Bittensor. Ethereum is facing challenges as its active user base has declined by 18.23% this year, dropping from 382,000 to 312,000. This decrease has raised concerns about the network's overall activity, contributing to a price drop to approximately $2,480. Despite the introduction of Ethereum ETFs, the lack of user engagement is prompting analysts to monitor whether Ethereum can regain momentum or continue its downward trend. Similarly, Bittensor has experienced a volatile month, with its price peaking at $587 but now facing potential resistance around $660, indicating a possible correction if demand does not increase. In stark contrast, BlockDAG's rapid growth is attracting significant interest, with projections suggesting a potential 30,000x return for early investors. The presale has seen over 14 billion BDAG coins sold, and as the demand continues to rise, the price of BDAG coins has skyrocketed from $0.001 to $0.0206. As the latest presale batch nears completion, investors are urged to act quickly to capitalize on this burgeoning opportunity before prices escalate further. BlockDAG's momentum positions it as a promising candidate for those looking to invest in the next wave of cryptocurrency growth.

DePIN Altcoins Showing Potential Gains in October As broader market sentiment improves, tokens that power Decentralized Physical Infrastructure Networks (DePINs) are among the altcoins showing potential gains in October. Notable DePIN coins to watch next month include Bittensor (TAO), Robonomics Network (XRT), Render (RENDER), Anyone Protocol (ANYONE), and IAGON (IAG). Bittensor (TAO) Climbs to Multi-Month Highs The value of TAO, the token that powers Bittensor’s decentralized machine learning network, has spiked by 78% over the past week. The altcoin now trades at a price level last recorded in April. TAO currently enjoys a significant bullish bias, as evidenced by its rising on-balance volume (OBV). When an asset’s OBV rises, it indicates that buyers have the upper hand in the market. It suggests that buying pressure is high, and traders and investors are confident in the asset’s potential to increase in value. If the uptrend continues, TAO could break above $651.34, turning this level into a support floor. Should this occur, the altcoin may be poised for a rally toward its all-time high of $774.86, last reached on April 11. Robonomics Network (XRT) Sees Surge in Demand XRT, the utility token of the Robonomics network, a decentralized cloud storage provider, is currently trading at $4.72, following an impressive 83% increase over the past week. It ranks as the top-performing DePIN coin in terms of growth over the last seven days. XRT’s rising Chaikin Money Flow (CMF), which tracks the flow of money into and out of the asset, reflects solid demand. With a CMF value of 0.08, the data shows that buying pressure is outpacing selling activity, supporting the token’s price increase. Additionally, XRT’s on-balance volume (OBV), which measures the cumulative money flow into and out of the asset, has surged 33% over the past week. This rise in OBV indicates that more buyers are entering the market, fueling the token’s price momentum. If the buying pressure continues, XRT could reach $7.71. However, a sharp increase in profit-taking could reverse this trend, potentially driving XRT’s price down to a monthly low of $1.84. Render (RENDER) Rallies Past Key Moving Averages RENDER is currently trading at $6.10, marking a 31% increase over the past week. This surge has pushed the token above two key resistance levels, its 20-day exponential moving average (EMA) and 50-day simple moving average (SMA), which have been obstacles since June. As of now, RENDER’s 20-day EMA, reflecting the average price over the last 20 trading days, stands at $5.42. Meanwhile, the 50-day SMA, a longer-term indicator tracking the average closing price over the past 50 days, is $5.10. This breakout suggests strong momentum for RENDER as it moves past these critical levels. When an asset trades above these key averages, its uptrend is gaining momentum and is likely to continue. If RENDER successfully flips these key levels into support, its price may rally toward $7.26.

Cryptocurrencies Poised for Growth in Q4 2024 As the end of 2024 approaches, investors and traders are eagerly anticipating the next big surge in the cryptocurrency market. Three standout coins are predicted to dominate in the final quarter, with key factors driving their potential success. - Artificial Superintelligence Alliance (FET) Artificial Superintelligence Alliance (FET) is currently trading between $1.14 and $1.49. Despite facing resistance at $1.65, a potential rally could push FET towards $2.01, signaling a significant gain. With fresh momentum, FET might challenge the resistance and pave the way for a sustained rally. - Bittensor (TAO) Bittensor's price fluctuates between $250 and $345, with resistance levels at $386 and $477. Recent growth of 43% weekly and 46% monthly may be limited by current resistance levels. Breaking past the first resistance could lead to further gains. - Solana (SOL) Solana's price ranges from $125 to $139, facing resistance at $146. Despite recent minor rises, overcoming the resistance is crucial for a potential climb to $159, marking a significant gain. Conclusion As we head into the final quarter of 2024, FET, Bittensor (TAO), and Solana (SOL) emerge as prime contenders for growth in the cryptocurrency market. Overcoming resistance levels and gaining bullish momentum will be key for these assets to break out and offer investors significant gains. Disclaimer: This article is for informational purposes only and not intended as financial advice.