{"id":426222,"date":"2024-09-23T17:30:20","date_gmt":"2024-09-23T12:00:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=426222"},"modified":"2024-09-23T13:42:51","modified_gmt":"2024-09-23T08:12:51","slug":"bittensor-surges-by-90-in-7-days-can-it-reach-645-now","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bittensor-surges-by-90-in-7-days-can-it-reach-645-now\/","title":{"rendered":"Bittensor surges by 90% in 7 days: Can it reach $645 now?"},"content":{"rendered":"<ul>\n<li><em>TAO surged by 90.09% over the past week, outpacing other AI coins.<\/em><\/li>\n<li><em>Bitternsor surges to a 5 months high.<\/em><\/li>\n<\/ul>\n<p>Throughout the year, AI coins have experienced exponential growth. This growth was especially driven by the increased adoption of AI.<\/p>\n<p>Amidst this market favorability,<a href=\"https:\/\/coinmarketcap.com\/currencies\/bittensor\/\" target=\"_blank\" rel=\"noopener\"> Bittensor [TAO]<\/a> has emerged as the leader. Over the past year, TAO has charted a 1020.9% price growth. The month of September was particularly good for TAO, as the AI coin rose by 65.52%.<\/p>\n<p>In fact, as of this writing, Bittensor was trading at $567.12. This marked a 90.09% increase\u00a0 over the past week.<\/p>\n<h2><strong>Bittensor outpaces other AI coins<\/strong><\/h2>\n<p>Other AI coins have made a modest surge compared to TAO. While Bittensor price has increased by 90% on weekly charts, Near Protocol [NEAR] surged by just 19.94%.<\/p>\n<p>At the same time, the Artificial Superintelligence Alliance [FET] rose by 28.41%. Additionally, Render has made significant gains soaring by 23.2%. Finally, Injective [INJ] has risen by 20%.<\/p>\n<p>This shows that although markets for AI coins has seen increased adoption, TAO saw most gains.<\/p>\n<h2><strong>What next?<\/strong><\/h2>\n<p>According to\u00a0 AMBCrypto&#8217;s analysis, Bitternsor is experiencing a strong upward momentum. Since the wedge upside breakout, it has surged by 40.33%. Therefore, the prevailing market conditions positions TAO for further gains on price charts.<\/p>\n<figure id=\"attachment_426225\" aria-describedby=\"caption-attachment-426225\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen.png\"><img decoding=\"async\" class=\"wp-image-426225 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen.png\" alt=\"\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoopen-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-426225\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>For example, Bitternsor&#8217;s futures open interest has surged from $61.5 million to $114.06 million. This increase shows that investors are opening new positions suggesting the crypto is growing with increased capital flowing.<\/p>\n<p>The recent price increase was accompanied by higher signals and a strong bullish sentiment.<\/p>\n<figure id=\"attachment_426226\" aria-describedby=\"caption-attachment-426226\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-426226\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq.png\" alt=\"\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/taoliq-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><figcaption id=\"caption-attachment-426226\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Additionally, liquidation for short positions has hit a record high. At press time, TAO short position liquidation was at a yearly high reaching $1.45 million. Equally, long positions liquidation over the past week has hit a record low of $139k at press time.<\/p>\n<p>This shows a positive market sentiment as those betting against the market are forced out of their positions. While long position holders show confidence in the altcoin&#8217;s future price movement.<\/p>\n<figure id=\"attachment_426228\" aria-describedby=\"caption-attachment-426228\" style=\"width: 1369px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm.jpeg\"><img decoding=\"async\" class=\"wp-image-426228 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm.jpeg\" alt=\"\" width=\"1369\" height=\"758\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm.jpeg 1369w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm-300x166.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm-1024x567.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm-768x425.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/TAO-dm-1200x664.jpeg 1200w\" sizes=\"(max-width: 1369px) 100vw, 1369px\" \/><\/a><figcaption id=\"caption-attachment-426228\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">TAO Profit Calculator<\/a><\/p>\n<hr \/>\n<p>Simply put, TAO is experiencing a strong upward movement amidst increased positive market sentiment. Therefore, if the current market conditions hold, the altcoin will break out from the $586 resistance level.<\/p>\n<p>A breakout from this level will push Bittensor to $645.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bittensor has experienced a strong uptrend over the past year surging by 1020% .<\/p>\n","protected":false},"author":94,"featured_media":426215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[6427],"class_list":["post-426222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TAO outperforms other AI coins to a 5 month high<\/title>\n<meta name=\"description\" content=\"TAO surges by 90.09% over the past week outpacing other AI Coins. 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