Artificial Intelligence Competitor Surges: Investors Shift Interest from Bittensor's Price Increase of 4%, Towards AI-Powered Platform with 20% Staking Annual Percentage Yield - Worthy Crypto Investment Consideration?
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The TAO cryptocurrency saw a 4% rise in the last 24 hours, trading at $370.11 as of 3:15 a.m. EST, with a staggering 79% increase in trading volume to $137.46 million.
In the past couple of days, TAO has surged by 72% on the longer-term monthly time frame.
Predicting the Future of TAO
The TAO price has been subject to minor yet persistent fluctuations even before yesterday's price surge that took it from $344 to $370. These variations have moved from the upper Bollinger Band to the lower one, repeatedly widening the bands.
yesterday's surge led to a more expansive widening as the token's price pushed the upper band further up, but the bands mostly remained wide even after the surge had subsided. This is a promising sign that might entice more traders and investors to join the project, potentially continuing the price increase today.
The project's Relative Strength Index (RSI) has also seen notable changes, moving from the oversold zone on May 4 to the overbought area, then down to 40, and back up again as traders bought the dip.
The day ended with the RSI bouncing between the values of 50 and 70, mirroring the price movement. However, when it returned to 70, traders took their profits, initiating another price drop, and the RSI followed suit, falling to around 35. This spurred another wave of purchases, leading to a fresh surge, culminating in its current price at the time of writing.
A Potential Alternative - SUBBD Token
Those on the hunt for an alternative to TAO might consider the SUBBD Token (SUBBD) - a new crypto project constituting the native token of the SUBBD platform.
The project is a decentralized competitor to OnlyFans, witnessing massive interest from content creators thanks to its AI capabilities.
The AI handles various everyday management tasks that otherwise consume creators' time, leaving them less time for their fans. This contributes to fans feeling disconnected from their preferred creators.
Handing these responsibilities over to AI enables creators to reconnect with their fan base. Many have expressed great interest in the idea, with over 2,000 top-earning creators already partnering with the platform. Their combined following surpasses 250 million fans, which could translate to over 250 million potential SUBBD token users.
The ICO is currently underway, and investors have already jumped on the opportunity to purchase SUBBD for just $0.055325 per token. The ICO has raised over $333k since its launch, and is likely to remain attractive as more people learn about the project.
Apart from being able to network with content creators, SUBBD holders can also stake their tokens to earn 20% APY. Meanwhile, crypto experts like ClayBro, a YouTube personality with over 136,000 subscribers, consider the project a potential 100x.
Investors should grab the crypto before the next presale price hike, scheduled in approximately 2 hours.
Discover SUBBD Token.
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Get It NowJoin our Telegram channel for the latest news in breaking coverage.
- The TAO cryptocurrency's Telegram channel might provide updates on the potential continuing price increase of TAO, following yesterday's surge.
- Investors who are eager to explore alternatives to TAO could consider the SUBBD Token, a native token of the SUBBD platform, which is currently experiencing massive interest from content creators.
- ClayBro, a prominent YouTube personality, has expressed a potential 100x return on investment for the SUBBD Token, making it an attractive choice for investors.
- For those seeking to expand their crypto portfolio, the best wallet recommendation is a user-friendly, feature-rich wallet that offers early access to upcoming token ICOs and is compatible with multiple blockchains. This wallet, known for its native token $BEST, already boasts over 250,000 monthly active users.
