The Bittensor price is shaping up to post 70% gains, suggesting that it isn’t too late to buy the crypto. Source: TradingView
As the Bittensor (TAO) price continues to push higher on Thursday, having hit fresh monthly highs above $490, traders are asking whether it is too late to buy TAO.
TAO was last changing hands just above $470, up 13% in the past 24 hours as per CoinMarketCap.
Bittensor is a decentralized network of machine learning models that is attempting to build a global AI brain.
AI coins like Bittensor are in focus on Thursday in wake of the latest Nvidia earnings report.
Nvidia smashed revenue expectations in Q1, and its stock has since surged to fresh all-time highs.
This is absolutely insane:
If you include today’s earnings move, Nvidia stock, $NVDA, is now up 245,000% since it went public.
This means that if you invested $100,000 in $NVDA in 1999, you would now have $245 MILLION.
Even if you invested $100,000 in $NVDA just 10 years ago,… pic.twitter.com/oY3oibpoMF
— The Kobeissi Letter (@KobeissiLetter) May 23, 2024
AI optimism comes at a time when crypto markets were already in a good mood thanks to other positive developments.
The SEC made a surprise u-turn on Ethereum ETFs this week, and approvals seem imminent.
Some are predicting this could push up the ETH price by 60%.
Meanwhile, the House just passed FIT21, the most comprehensive piece of crypto legislation to have progress that far in Congress.
Traders would be forgiven for having bullish Bittensor price predictions. Here’s is where the crypto could be headed next.
Bittensor Price Prediction – Here’s Where It’s Headed Next
The Bittensor price is attempting to break above its 50DMA at $456 and its prior monthly highs in the $480s.
If TAO pushes above here, the door would open for a quick rally back to post-Binance listing highs above $750.
The Bittensor price eyes a quick 70% surge. Source: TradingView
With TAO shaping up for potential near-term 70% gains, it is potentially the best crypto to buy now.
And if TAO is about to surge 70%, it certainly isn’t too late for investors to get involved.
Should Investors Consider Crypto Presales
While TAO has the potential to hand investors spectacular gains during the current crypto bull market, investors hunting for the best crypto to buy now might want to consider getting involved in crypto presales.
TAO probably doesn’t offer more than 10x upside potential in the near future. But presale investors can turn bigger profits.
That’s because presales typically involve up-coming web3 protocols selling their tokens at a very low market valuation.
If the project proceeds to gain traction, presale investors stand to make huge gains, potentially of as much as 100x.
One new ICO that the team at Cryptonews thinks has a lot of potential is Wiener AI (WAI).
REASONS 1-10:
AI TRADING BOT. WIENER DOGS.
That is all.
— WienerAI (@WienerDogAI) May 21, 2024
Exciting New AI Meme Coin Wiener AI – Can It Outperform?
The fun new sausage dog-themed meme coin is more than just a pretty face.
It comes packed with in-built AI utility, offering a host of useful AI-powered trading tools.
Investors have already piled over $2.7 million into WAI’s presale, an early indicator of strong demand for the new meme coin.
2 MILLION WIENERS!!!!
— WienerAI (@WienerDogAI) May 17, 2024
With AI a big theme in the market right now following bumper Nvidia earnings, expect demand to accelerate.
WAI not only comes packed with AI utility, but is also a great way to earn passive income.
20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 396% APY, as per the project’s official website.
At this rate, investors can double their initial presale investment in just a few months.
Crypto experts have been lining up to buy this exciting AI crypto coin.
Here’s why widely followed crypto analyst Michael Wrubel, who boasts over 312,000 YouTube subscribers, ranks WAI as a top crypto for 2024.
Interested investors need to move quickly, as the WAI price will rise when the presale hits $2.7 million.
At the current price of $0.000709, WAI’s market cap is under $50 million.
If it achieves market leadership, early investors stand to benefit greatly, with a potential for 100x gains or more.
The post Bittensor Price Spikes 14.5% – Is It Too Late to Buy TAO and Could This Other Meme Coin Outperform? appeared first on Cryptonews.