Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 2025

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 2025

The 10 largest American IPOs of all time

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»Bittensor’s 66% monthly rally – Now, 2 factors that can propel TAO past $450
Crypto

Bittensor’s 66% monthly rally – Now, 2 factors that can propel TAO past $450

April 29, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

  • TAO’s latest token system empowers users to actively engage in the governance system by staking the asset.
  • The community remains optimistic about TAO’s upward trend, which could benefit the asset.

Recent data at press time indicated Bittensor [TAO] surging to higher levels with a 2.64% increase. This recent surge follows a 17.78% rally for the asset in the past week.

Market analysis suggests that the community’s interest in TAO is in line with its ecosystem update, potentially leading to a significant market rally.

Positive Impact of Ecosystem Update

The market sentiment towards TAO has been bullish since the implementation of its dTAO upgrade, which introduced voting rights to Bittensor network users, enhancing governance efficiency.

This upgrade included the launch of Alpha Tokens, a new form of tokens that can only be exchanged for TAO and are not traded on the secondary market.

Source: CoinMarketCap

This enhancement has increased TAO’s utility, evident from its 66% rally in the past month, as reported by CoinMarketCap. The community continues to hold bullish expectations for the asset.

Community sentiment on CoinMarketCap reveals that 83% of 57,500 TAO holders anticipate a rally for the asset.

Impact on TAO Fundamentals

This upgrade has been crucial for several reasons. Since its launch, there has been a growing demand for TAO, as it is the only means to acquire Alpha Tokens required for voting.

Source: Blockwork

The increasing need for Alpha Tokens for governance directly contributes to the demand for TAO.

This demand has led to a continuous issuance of TAO in the market, nearing a new all-time high of 8 million.

Source: Blockwork

Interestingly, this issuance has spurred increased staking activity on the network, with approximately 6 million TAO currently staked.

Staking involves users locking their assets for a specified period to earn rewards.

Chart Impact

On the chart, TAO seems poised for a substantial price rally as market sentiment evolves. Key levels on the chart have been highlighted using Fibonacci retracement lines by AMBCrypto.

Currently, TAO faces a critical juncture, with a resistance level at $389.6 that needs to be surpassed. Breaking this level could propel the asset towards targets of $458 and eventually to $526.

Source: TradingView

At each marked level on the chart, the price above could act as a resistance level, causing a pullback before potentially moving higher.

Positive ecosystem updates like this one could sustain the momentum, pushing TAO to higher levels on the chart.

Next: VIRTUAL hangs between short-term dip and major pullback – What’s next?

sentence: Please rewrite the sentence for me.

Bittensors Factors monthly propel rally TAO
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 2025

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Boeing Starliner Spacecraft Returns To Earth Without Crew

September 7, 20240 Views

Arkham Intelligence partners with Sui Network for platform data

December 27, 20240 Views

IGM Biosciences CFO sells over $17k in company stock

September 29, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 20250
Personal Finance

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 20250
Investment

The 10 largest American IPOs of all time

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.