Search Inside Bitcoins

Bittensor Price Prediction: TAO Is Top Gainer With 14% Pump, But Experts Say This Solana GambleFi Token Is The Best Crypto To Buy Now

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Bittensor Price
Bittensor Price

Join Our Telegram channel to stay up to date on breaking news coverage

The Bittensor price surged by 14% in the last 24 hours to trade at $481.15 as of 4.20 a.m. EST on trading volume that jumped 21% to $79.9 million.

That made TAO the top gainer on CoinMarketcap among the biggest 100 cryptos by market capitalization.

TAO has seen a significant surge as it built up short-term momentum to get above the main DMAs. The popular AI cryptocurrency started to climb in November 2023, which eventually led it to an all-time high at $767, which it reached on April 11. It has since corrected, to a support at $400, and is now trying to use the current market conditions to recover.

Recent data showed that TAO is probing for a break above its 50DMA, and if it manages to succeed, it would have no major obstacles on its way back to the $750 mark. However, certain technical indicators suggest that its price might be in for a correction.

Bittensor Price Prediction

Technical indicators are often a good thing to see in the market situation and to try to predict what will happen next based on various factors.

For example, the project’s Bollinger bands are still wide but have started to narrow over the last few hours. The narrowing is a bearish sign, which suggests that the Bittensor price might see a correction. However, since it was a very mild narrowing, it might simply mean that the token is entering a state of fragile stability.

Bittensor Price Prediction

On the other hand, there is the project’s Relative Strength Index (RSI) value, which recently hit the overbought territory, when the price skyrocketed. Since then, the RSI score dropped to 50 – the true neutral value. Since then, it surged back up briefly, as investors moved in to buy the dip, but it did not go too high, suggesting that most traders are waiting to see what will happen.

The brief surge was likely a result of whale activity, and it placed RSI at the current value of 56.33. This leaves it with plenty of room to grow before it reaches the overbought zone again, but right now, the buyers are hesitating.

All of this shows that TAO achieved temporary stability and that no one is sure where it might go from here. However, with a large portion of the market trading in the red right now, the conditions are not the best for a surge, suggesting that a mild correction might be in order.

This could still change at any time, as the crypto industry remains as volatile as ever, so buying TAO now might not be a bad call. But, this is something that each trader has to decide on their own, as it is their money on the line.

Promising Alternative to Bittensor

While the situation surrounding TAO is currently uncertain, the presale of the DICE GambleFi token has a strong upward trajectory with more than $1.3 million alraedy raised.

Casino token Mega Dice (DICE) is an established casino with thousands of games and over 50 sports and eSports available for betting.

It has more than 50,000 registered users, and over 10,000 monthly active users who wager about $50 million every month. This means that it has a strong and ever-growing community of users who stand to benefit from owning the Mega Dice token.

The token offers passive rewards through staking, and daily rewards that depend on the casino’s performance.

YouTube channel 99Bitcoins, with more than 700k subscribers, says that the combination of crypto and gaming in the DICE presale gives it 100x potential.

Buy DICE tokens here for $0.075 each with SOL, ETH, or BNB.

Related Articles:

Mega Dice - Newest GambleFi Token


Mega Dice
  • Established Crypto Betting Brand
  • Featured In Cointelegraph - First Licensed Telegram Casino
  • Presale Live Now -
Mega Dice

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!