Bittensor Price Eyes New Highs as Billionaire Barry Silbert Unveils New AI Push
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Bittensor (TAO), a decentralized blockchain focused on infrastructure for AI applications, is garnering significant attention following the announcement of a new initiative by American billionaire investor Barry Silbert.
Silbert has unveiled “Yuma”, a project centered around the Bittensor platform, signaling a strong belief in the future of decentralized AI within the cryptocurrency market. This development, coupled with bullish signals emerging from TAO’s price chart, suggests a potentially significant upward trajectory for the asset.
Yuma aims to foster innovation and enhance the user-friendliness of the Bittensor platform by developing independent segments called “subnets”.
Silbert said that Yuma will involve both technological investments and educational efforts to broaden the adoption and utility of Bittensor.
TAO Price Chart Hints at Bullish Reversal
Analysis of the weekly TAO chart reveals a compelling technical pattern.
TAO Daily Chart. Source: TradingView
First Bottom (Around Late 2023): The price found support and bounced from a low point.
Peak (Early 2024): Following the first bottom, the price rallied to a significant high.
Second Bottom (Early 2025): The price retraced and found support near the same level as the first bottom, indicating strong buying interest at this price range.
Neckline (Around $750): The peak between the two bottoms acts as a crucial resistance level or “neckline”.
The recent price action shows TAO currently trading around the $311 level, having bounced from the support area of the potential second bottom.
The double bottom pattern suggests that if the price can break decisively above the neckline at approximately $750 with strong volume, it could signal a significant bullish reversal and the potential for a substantial upward move, aiming for new all-time highs.
MIND of Pepe Raises $8.12M as TAO Leads AI Crypto Rally – Is This the Next Big AI Play?
While TAO continues to dominate the AI crypto sector and eyes further gains, MIND of Pepe (MIND), an autonomous AI Agent, aims to dominate the industry as well.
Boasting more than 20,000 followers on X, the project has raised a whopping $8.12 million in its ongoing presale with 13 hours left until the next price increase.
Source: MIND of Pepe
Unlike traditional projects where early insights are hoarded by whales and insiders, MIND democratizes access through its live X persona, scanning social platforms and early-stage developments to deliver real-time alpha to MIND holders.
Adding to its appeal is the ability for presale participants to stake their tokens before the MIND of Pepe AI Agent and Alpha terminal go live.
Early staking opportunities aim to build a committed community while maintaining liquidity pre-launch.
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