Bittensor Sees 20% Price Surge Following Coinbase Listing Announcement

TAO Price Skyrockets on Coinbase Listing News

Bittensor’s native token, TAO, experienced a sharp price increase of 20% on February 19, reaching intraday highs of $420. This surge was triggered by the announcement of its listing on popular cryptocurrency exchange Coinbase.

Although Bittensor’s gains were modest compared to other top performers in the market, its double-digit increase made it one of the top gainers in the past 24-hour period. The price surge helped TAO recoup some of its losses from the past few days, bringing it back to levels seen when the project reacted positively to AI-related news.

Coinbase Listing Expected to Boost TAO

Coinbase announced that it would add trading support for TAO on the Bittensor network, with a phased launch offering trading with the TAO/USD pair. The listing is scheduled to take place on February 20, pending sufficient liquidity conditions.

Trading will begin on or after 9AM PT on February 20 2025 if liquidity conditions are met.

This listing is expected to give Bittensor further traction, as it is already listed on top exchanges such as Binance and Kraken. The project has received investment backing from prominent venture capital players, including Pantera Capital, Digital Currency Group, and Lyrik Ventures.

Bittensor’s AI Model: A Key Differentiator

Bittensor is a top AI token by market capitalization, currently the second-largest behind NEAR. Its decentralized model is designed to increase transparency and democratize access to AI technology.

Grayscale has noted that Bittensor is a crucial project in the AI space, as its decentralized model can help mitigate risks such as data security and embedded biases associated with centralized AI companies.

Key benefits of Bittensor’s decentralized AI model include:

  • Increased transparency
  • Democratized access to AI technology
  • Reduced risk of data security and embedded biases

Stay up-to-date with the latest news and updates on the cryptocurrency market, including the latest developments in the AI space, on Global Crypto News.

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