Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge?

Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge?
Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30 days. This extraordinary expansion has established TAO as one of the most successful altcoins, attracting the attention of both institutional and retail investors. Related Reading: Shiba Inu Burn Rate Shoots Up 1,000% – Are New ATH Levels Just Around The Corner? The altcoin’s future potential is a significant factor in the development of this momentum. Recent price predictions show that Bittensor could experience a substantial 220% increase, with a potential price of $1,800 by November 2024. Many are interpreting the current bullish sentiment as an opportunity to purchase TAO before it experiences its next significant surge. Open Interest Reaches New Highs According to Coinglass, TAO’s Open Interest, which recently reached an all-time high of $189 million, is one of the most telling indicators of its strength. That’s sharply up from $50 million recorded at the start of September. An increasing Open Interest-the total number of activ ..

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