Is It Too Late To Buy TAO? Bittensor Price Soars 21% Ahead Of Ethereum Smart Contract Implementation And This Might Be The Next Crypto To Explode

The
Bittensor
price
surged
21%
in
the
last
24
hours
to
trade
at

$555
as
of
3
a.m.
EST
on
trading
volume
that
skyrocketed
60%
to
$306.4
million.

The
project’s
native
cryptocurrency,
TAO,
became
one
of
the
top-performing
altcoins
in
the
last
two
weeks,
as
the
Bittensor
network
getts
ready
for
its
upcoming
upgrades,
including
receiving
EVM
compatibility
and
implementing
Ethereum
smart
contracts.

The
Opentensor
Foundation
posted

a
video
on
September
15
in
which
it
said
that
Ethereum
smart
contracts
will
become
part
of
the
chain
soon,
which
will
be
a
positive
change
for
trustless
cross-chain
bridges
and
more
hierarchical
designs
on
top
of
the
subnets.

The
foundation
members
also
discussed
the
EVM
compatibility
during
a
Bittensor
meetup
at
Token2049.
After
the
event,
Tensorplex
Labs’
@Xponentcrisis
commented
that
the
EVMs
will
be
great
for
DeFi,
but
they
will
also
allow
subnet
operators
to
unlock
a
new
layer
of
orchestration
to
enable
them
to
push
the
ideas
further.

Some
notes
from
the
Bittensor
event
this
morning:

–
For
many
ETH
OGs
entering
the
ecosystem,
Bittensor’s
incentive
mechanism
–
which
encourages
the
design
of
ecosystems
centered
around
a
decentralized
objective
function
–
has
sparked
the
same
excitement
they
once
felt
when
smart…

—
xponentcrisis
(@xponentcrisis)

September
19,
2024

The
token’s
price
has
been
growing
consistently
for
weeks
now,
starting
on
September
7,
only
to
see
a
sharp
surge
in
the
last
24
hours.
The
big
question
now
is
whether
it
is
too
late
to
buy
TAO
at
this
point.

Bittensor
Price
Prediction

Following
the
Bittensor
price
surge
in
the
last
24
hours
which
allowed
it
to
reach
the
height
of
$580,
the
token
saw
a
slight
rejection
which
brought
it
down
to
its
current
value
of
$555.
While
it
is
likely
that
the
price
will
recover
relatively
soon
and
potentially
even
retest
the
resistance,
it
might
continue
to
correct
for
a
while
longer
first.

The
token’s
Bollinger
bands
are
still
extremely
wide,
but
the
price
has
separated
from
the
upper
band
and
is
now
dropping
toward
the
middle
point
between
it
and
the
lower
band.
This
is
rushing
it
toward
the
neutral
position,
although
it
remains
to
be
seen
whether
it
will
remain
between
the
two,
or
if
it
will
start
sinking
further
and
pushing
the
lower
band
down.

Meanwhile,
the
project’s
Relative
Strength
Index
(RSI)
value
has
previously
skyrocketed
to
85.72,
venturing
deep
into
the
overbought
territory,
which
starts
at
the
value
of
70.
Since
then,
the
RSI
has
seen
a
strong
dip
back
to
its
current
62.02,
spiraling
down
toward
the
neutral
zone
at
around
50.

Bittensor
Price
Could
Spiral
Down

Given
the
token’s
popularity
over
the
last
few
weeks
among
traders,
it
is
possible
that
many
will
rush
in
to
buy
the
dip
once
the
RSI
drops
to
the
value
of
50,
in
which
case
the
price
will
likely
have
another
chance
to
retest
the
upper
barrier.
However,
if
the
bears
overtake
the
market,
the
RSI
could
keep
spiraling
down
toward
the
oversold
territory,
in
which
case
a
much
deeper
dip
is
to
be
expected.

For
the
moment,
most
major
cryptos
are
trading
in
the
green
as
far
as
their
weekly
and
24-hour
performances
go,
but
many
are
starting
to
enter
the
red
on
a
1-hour
basis,
suggesting
that
the
start
of
the
week
is
bringing
another
bearish
wave.

This
could
reflect
on
TAO’s
performance
as
well,
causing
the
traders
to
keep
selling
until
the
RSI
dips
deeper,
although
this
is
not
yet
a
certainty.

Promising
Alternative
to
Bittensor

A
potential
alternative
to
Bittensor
is

Mega
Dice
(DICE).
The
DICE
token
is
the
native
cryptocurrency
of
the
Mega
Dice
casino,
a
platform
with
over
50,000
registered
users,
and
over
10,000
monthly
active
players
who
wager
more
than
$50
million
every
month.

Mega
Dice
offers
thousands
of
games
and
numerous
sports
for
players
to
bet
on,
and
while
it
offered
its
users
the
ability
to
wager
using
cryptocurrencies,
it
did
not
have
a
native
token
to
call
its
own
until
now.

The
DICE
token
is
coming
to
fill
that
void,
and
it
already
offers
numerous
benefits
to
its
holders,
including
daily
rewards
that
will
depend
on
the
casino’s
performance,
access
to
limited-edition
NFTs,
and
even
early
bird
bonuses
for
those
who

buy
DICE
during
its
presale.

$DICE
Launch
on
Raydium
????

We’re
excited
to
share
that

$DICE
will
officially
launch
on
Raydium
DEX
on
September
30th
at
15h00
CET!
????

Get
ready
for
the
next
big
step
in

#GameFi
on

#Solana
as
we
bring
you
unparalleled
opportunities
and
exciting
rewards,
including
exclusive…

pic.twitter.com/qvAND54tbk

—
Mega
Dice
Casino
(@megadice)

September
20,
2024

DICE
also
has
aspirations
to
become
the
#1
GameFi
token
on
Solana’s
ecosystem
and
crypto
YouTuber
TodayTrader,
with
almost
12k
subscribers,
speculates
that
it
will
be
an
”easy
100X”
after
its
launch.

One
important
thing
to
note
is
that
the
token
will
only
remain
in
presale
for
six
more
days.
An
announcement
on
X
said
that
the
DICE
token
will
go
live
on
Solana’s
DEX
Raydium
on
September
30,
so
anyone
looking
to
buy
should
do
it
before
that
date.

So
far,
the
project’s
ICO
raised
over
$1.87
million,
and
DICE
is
selling
for
only
0.116056.
You
can
buy
it
with
SOL,
ETH,
or
BNB.

Visit
the
official
DICE
website
here.

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