{"id":14353,"date":"2025-02-21T15:31:54","date_gmt":"2025-02-21T15:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14353"},"modified":"2025-02-21T15:31:54","modified_gmt":"2025-02-21T15:31:54","slug":"2-reasons-why-bittensor-tao-soared-by-over-50-in-the-last-14-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14353","title":{"rendered":"2 Reasons Why Bittensor (TAO) Soared by Over 50% in the Last 14 Days"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">TAO became a top 40 cryptocurrency after its solid price increase in the past few weeks.<\/span><\/li>\n<li>Analysts predict it could hit $600 soon, with dips to the low $400s seen as buying opportunities.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384360\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>TAO\u2019s Impressive Rally<\/h2>\n<p><span data-preserver-spaces=\"true\">Bittensor (TAO) has been among the top-performing cryptocurrencies lately, with its price surging by more than 50% in the last two weeks. Its market capitalization briefly crossed $4 billion, while currently, it stands at around $3.9 billion (per CoinGecko\u2019s data). <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> makes TAO the 37th-biggest digital asset, outpacing well-known altcoins such as Aptos (APT), Kaspa (KAS), Cronos (CRO), Filecoin (FIL), and others.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_384356\" aria-describedby=\"caption-attachment-384356\" style=\"width: 572px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-384356\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO.png\" alt=\"TAO Price\" width=\"572\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO.png 1041w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO-300x210.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO-1024x716.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO-768x537.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/TAO-50x35.png 50w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\"><\/a><figcaption id=\"caption-attachment-384356\" class=\"wp-caption-text\">TAO Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The price pump could <\/span><span data-preserver-spaces=\"true\">be attributed<\/span><span data-preserver-spaces=\"true\"> to two main factors. First, it\u2019s<\/span><span data-preserver-spaces=\"true\">\u00a0Coinbase\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CoinbaseAssets\/status\/1892628191132447193\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">decision<\/span><\/a><span data-preserver-spaces=\"true\"> to list TAO on its iOS and Android applications, allowing users to buy, sell, convert, or transfer the token.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Support from such a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> exchange usually <\/span><span data-preserver-spaces=\"true\">has a positive effect on<\/span><span data-preserver-spaces=\"true\"> the involved asset since it leads to increased liquidity, more accessibility, and potential hype among investors.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last month, Coinbase <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-meme-coin-explodes-by-110-following-support-from-coinbase\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">added<\/span><\/a><span data-preserver-spaces=\"true\"> the meme coin Toshi (TOSHI) to its roadmap, which <\/span><span data-preserver-spaces=\"true\">was followed<\/span><span data-preserver-spaces=\"true\"> by a triple-digit price increase for the token.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The second element that could have contributed to TAO\u2019s rally is the overall resurgence of AI-related cryptocurrencies. According to CoinGecko, the niche currently has a total market capitalization of over $32 billion, with NEAR Protocol (NEAR), Internet Computer (ICP), Render (RENDER), Artificial Superintelligence Alliance (FET), and many more charting substantial gains.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">TAO Price Targets<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Some market observers believe the asset\u2019s bull run is far from being over. The X user Kings Charts noted the recent surge, expecting the <\/span><span data-preserver-spaces=\"true\">formation of an \u201cInverse Head and Shoulder.\u201d They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/KingsCharts\/status\/1892871043523760654\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioned<\/span><\/a><span data-preserver-spaces=\"true\"> a potential pump to $600 and even a new all-time high, calling a possible plunge to $375 or $350 a \u201cgood buy zone.\u201d\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Michael van de Poppe chipped in, too, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1892874403505197543\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">saying<\/span><\/a><span data-preserver-spaces=\"true\"> that TAO is part of his <\/span><span data-preserver-spaces=\"true\">personal<\/span><span data-preserver-spaces=\"true\"> portfolio. The analyst remains bullish on it, although suggesting that consolidation or a <\/span><span data-preserver-spaces=\"true\">small<\/span><span data-preserver-spaces=\"true\"> dip is an option:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cHowever, <\/span><span data-preserver-spaces=\"true\">I think<\/span><span data-preserver-spaces=\"true\"> we\u2019ll consolidate some here, maybe test low $400s, and then continue to rally again.<\/span><span data-preserver-spaces=\"true\"> Those dips of 10-20% I see as opportunities.\u201d<\/span><\/p>\n<\/blockquote>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/2-reasons-why-bittensor-tao-soared-by-over-50-in-the-last-14-days\/\" rel=\"nofollow\">2 Reasons Why Bittensor (TAO) Soared by Over 50% in the Last 14 Days<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR TAO became a top 40 cryptocurrency after its solid price increase in the past few weeks. Analysts predict it could hit $600 soon, with dips to the low $400s seen as buying opportunities. TAO\u2019s Impressive Rally Bittensor (TAO) has been among the top-performing cryptocurrencies lately, with its price surging by more than 50% in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14353","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14353"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14353\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}