AI-Based Crypto Bittensor Becomes Best Performer in the Market – Are AI Coins Making a Comeback?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Are AI Coins making a comeback? Bittensor, an AI-based cryptocurrency, has turned bullish as the TAO price pushes an upward move.
In this article, explore the latest update on TAO price trends and uncover a lesser-known low market cap gem that could supercharge your summer trading.
Gm $TAO is an absolute beast
Insane recovery.
Higher pic.twitter.com/ykFb4KgZF2
Market sentiment surrounding one of the leading AI coins, Bittensor (TAO), has flipped bullish amid an emergent double-bottom support pattern, which has boosted trader confidence.
AI Crypto Flips Bullish as Bittensor Leads Charge: Are AI Coins Making a Comeback?
This comes amid a wider revival in AI Coins, which suffered heavy losses earlier this week after Jump Capital triggered a market-wide crypto crash on Monday.
A glance across the AI vertical, which broke out as a top performer alongside meme coins, RWA, and DePIN tokes in Spring 2024, shows a resilient recovery underway for the top AI projects.
Amongst all AI coins, Bittensor stands out as a market leader, remaining the only top token in the vertical that can boast a 7-day gain (TAO is currently up +2.93% Week-on-Week).
Other notable recoveries in the AI market include Render (RNDR), Akash Network (AKT), and Golem (GLM).
However, with all top coins showing upside moves over the 24 hours, it’s safe to say that one of 2024’s most promising crypto verticals is making a comeback as markets look towards a bullish September.
TAO Price Analysis: Bittensor Crypto Leads AI Coin Recovery – But Where’s TAO Heading From Here?
As TAO
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