Bittensor Price Prediction: TAO Pumps 12%, But Traders Buy This AI OnlyFans Rival Offering A 20% Staking APY

The Bittensor price pumped 12% in the last 24 hours to trade at $472 as of 3:20 a.m. EST on trading volume that soared 131% to $245.78 million.

The token’s price soared in response to Bitcoin’s surge, which took the leading cryptocurrency to a new all-time high (ATH). As BTC soared to $111,861, the TAO price followed. While it is still not close to its ATH, TAO continues to pump upwards and is over 45% up on the monthly chart.

Bittensor Price Prediction

The Bittensor price saw a similar surge earlier this month, on May 8, eventually bringing it to the same level around May 11. However, back then, its price was rejected by a strong resistance level, causing it to correct to $400. Bitcoin’s new price surge enabled the token to soar once more, and it is now trying to breach the same resistance at roughly $470.

The token’s Bollinger Bands saw a sharp widening caused by the rising value, which started pushing the upper band higher as the price rose. However, as it approached the resistance, the bands grew tighter consistently. This suggests that the project may have reached its limit and that the old resistance is still standing in the way.

TAO/USDT chart analysis (Source: TradingView)

TAO’s Relative Strength Index (RSI) value has also seen intense activity in the last 24 hours, going from 40 to over 80 as it ventured deeply into the overbought zone yesterday. As traders took profit after this initial pump, the token’s RSI value dropped sharply to the neutral value of 50, only to spend nearly 12 hours seeing another steady but consistent increase to 76.83.

Then, traders engaged in a sell-off again, and the metric dropped to 53.52. On a larger scale, these RSI fluctuations are becoming smaller, and traders are stopping the sale earlier, not even letting the RSI hit 50 before they start buying again.

This performance suggests that many are highly bullish on the token, even if they may be unwilling to pump its price too vigorously in fear of seeing losses if a trend suddenly shifts.

Promising Alternative To Bittensor

While Bittensor struggles to overcome a major resistance level, investors are buying SUBBD Token (SUBBD) — a new cryptocurrency native to the SUBBD platform, which acts as a decentralized version of OnlyFans.

SUBBD is a new platform for content creators that employs AI to make life easier for its users. It identified two problems: tedious everyday management tasks that burden creators, and the feeling of being neglected that has taken hold among their fans, who feel their favorite creators do not have the time for them.

By using AI, the platform could handle a significant portion of said management tasks instead of leaving them to content creators, thus leaving them with more time to dedicate to their audiences and strengthen their relationships.

Meanwhile, the SUBBD token itself comes with several benefits for early investors. Not only can they get early beta access to the platform, but they can also access exclusive content, enjoy VIP staking benefits with a 20% APY, as well as enjoy platform discounts, and more.

The project holds massive potential as it could disrupt an $85 billion market. More than 2,000 top-earning creators have already joined its platform, with a combined following of over 250 million fans. That means 250 million potential SUBBD users are waiting for the token to go live, which could mean a massive price pump due to demand as the word of the new platform spreads.

So far, the SUBBD ICO has raised over $471.3k, and experts like crypto YouTuber ClayBro, who has over 136k subscribers, believe it has massive potential to soar as a utility token, especially in light of Bitcoin’s recent pump.

Join others who invested in SUBBD early while its price is only $0.055475 and enjoy numerous platform benefits. But hurry, because SUBBD’s price will undergo a presale increase in around 2 days.

Visit the SUBBD Token website.

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