The TARS Protocol price saw a rebound on Friday following the announcement of an ecosystem fund aimed at expanding the network. As of now, TAI is trading around the key resistance level of $0.20, up from the intraday low of $0.15.

TARS Protocol Launches AI Fund

The developers behind TARS Protocol have introduced an AI fund to increase their market share. They have committed 10 million TAI tokens, valued at approximately $2 million, to this initiative. This move represents a significant advancement in their AI developments.

Today, TARS announces the AI Fund that will dedicate 10,000,000 $TAI to creating the most advanced AI ecosystem natively on Solana. Sectors we are focused on: DePin, Retail products, Computation, Finance…

The fund will target investments in various sectors, including Decentralized Public Infrastructure (DePin), retail products, finance, and e-commerce. This announcement follows the launch of the TARS Incubation program, which aims to highlight Solana projects utilizing artificial intelligence (AI).

Partnerships and Listing

TARS Protocol has also formed partnerships with notable companies in the crypto space, including Bybit, DojoSwap, and BitPanda. To celebrate its ByBit listing, the company will distribute 10 million TAI tokens to over 37,000 winners.

Project Overview

TARS Protocol is a new initiative on the Solana blockchain, designed to bridge the gap between AI and Web3. It aims to offer a unified platform for AI-powered tools and services. The project was launched amid growing global demand for AI solutions. For instance, Nvidia has reached a valuation of $3 trillion due to its AI semiconductor offerings, and Apple recently became the world’s largest company after launching its Apple Intelligence features.

Several other AI projects have also been introduced, with Fetch.ai being among the most significant. Fetch, SingularityNET, and Ocean Protocol are set to complete their merger in July, which will create the largest AI platform in the blockchain industry.

TARS Protocol Price Forecast

On the 4-hour chart, the TAI price peaked at $0.2890 earlier this week before pulling back alongside other altcoins. Currently, the token is consolidating around the 50-period and 25-period moving averages. The MACD histogram has moved above the neutral point, and the two lines have made a bullish crossover pattern.

Notably, TAI has formed a falling broadening wedge chart pattern, a common bullish indicator. Therefore, a bullish breakout is likely as buyers aim for the all-time high of $0.2890. This outlook will be confirmed if the token surpasses the key resistance at $0.2090, its highest point on May 20th.

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