The Bittensor price has dipped very slightly today, dropping by 0.2% as the cryptocurrency market rises by 0.5% in the past 24 hours.
At $363, TAO is now up by 8.5% in a fortnight and by 95% in the past month, having fallen as low as $185 at the start of April.
Yet what’s bullish about Bittensor in the near and longer term is that it’s still in an undervalued position, haven fallen too heavily in the months following Donald Trump’s election victory.
And with its chart today suggesting that it could be about to break out, now may be a very opportune time to buy the altcoin, which has a very promising long-term price prediction.
Bittensor Price Prediction: 10x Incoming? AI Coin Signals Igniting Parabolic Setup
TAO’s chart today is bullish for a couple of reasons, with the first being that its relative strength index (purple) signals ongoing momentum and buying pressure.
Some may worry that the RSI is and has been too high, but it had been below 50 since the middle of December, suggesting that a longer period of high levels is warranted.
Source: TradingViewNot only that, but the coin’s 30-day moving average (orange) has been below the 200-day (blue) since the opening of February, meaning that it’s far from entering an overbought position.
And as we can also see, the 30-day has just begun rising upwards, signalling that further gains are on their way for the token.
It’s not surprising that the Bittensor price has risen strongly in the past month, given the token’s strong fundamentals.
The Bittensor network is a decentralized platform for training and monetizing AI models, positioned in a way to capitalize fully on the growth of the crypto and AI sectors.
It launched in 2021, but has risen to prominence more recently, particularly with the growth of LLMs such as ChatGPT.
In July of last year, it benefited from Grayscale’s launch of a fund tracking AI coins such as TAO, which launch sent the latter token from around $230 to $330.
It has also gained the back of Digital Currency Group founder Barry Silbert in recent months, with Silbert likening Bittensor to Bitcoin.
Such backing could help the Bittensor price to grow exponentially in the coming months, with the coin potentially on course to reach $400 in the next few weeks.
If momentum holds, it could climb to $700 by Q4, assuming favorable market conditions continue.
And with rising adoption and growing institutional interest, a 10x run may not be out of the question.
Undervalued Gem? This New Token Could Be the Next Big Presale Breakout
Bittensor is one of numerous promising alts in the market right now, but there are also several newer, smaller tokens worth considering.
This includes a variety of presale tokens, which have the potential to rally strongly once they list for the first time, particularly if their presales have been big.
This is something that applies to MIND of Pepe (MIND), an ERC-20 crypto that has now raised $8.8 million in its sale.
MIND of Pepe’s hugely popular sale will close in 24 days, giving investors one last chance to buy its token early before it goes live on exchanges.
What has helped MIND of Pepe’s sale do so well is its fundamentals, with the project set to launch an autonomous AI agent for the crypto market.
Its agent will process masses of social media and trading data to produce market advice and analysis, helping investors to make better and more successful trades.
In addition, it will also generate its own meme coins, using its insight into current market trends to make its coins as viral as possible.
Holding its native token, MIND, enables traders to gain access to the agent’s advice, while token will also provide early access to generated coins.
Given this utility, MIND could be very popular once it goes live at the end of this month.
Investors can still join the ICO by visiting the MIND of Pepe website, where MIND is selling for its final price of $0.0037515.
The token now has over 21,000 followers on X, suggesting that it has the momentum to really do well later in the year.
The post Bittensor Price Prediction: 10x Incoming? AI Coin Signals Igniting Parabolic Setup appeared first on Cryptonews.
