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GuShiio.com 鼔狮智能 Editor: 鼔狮
Recently, the cryptocurrency exchange giant Coinbase announced that it would launch Bittensor (TAO), which directly pushed the price of TAO tokens up by 17%. Although the price of TAO has fluctuated sharply in the past month, it seems to be back on the upward track. With the gradual recovery of the AI token market, the attention of Bittensor and its subnets continues to heat up, injecting strong momentum into future development.
The “Coinbase effect” reappeared, and Bittensor rose sharply
As one of the world’s leading cryptocurrency exchanges, Coinbase’s token launch announcement has always had a strong market influence. Typically, once a token is listed on Coinbase, its popularity and price tend to rise rapidly, and this time is no exception.
Today, the “Coinbase effect” was verified again. After Coinbase announced that it would support Bittensor (TAO), the price of TAO soared by more than 17% in a short period of time. Coinbase said via social media:
“We will add support for Bittensor (TAO) on the Bittensor network. If liquidity conditions are met, trading will start on or after 9 am (Pacific Time) on February 20, 2025. After ensuring sufficient supply of the asset, we will open the TAO-USD trading pair in stages.”
Bittensor: AI Star from Volatility to Recovery
As a popular token in the AI field, Bittensor (TAO) has experienced a complex trend in the past few weeks. Although TAO performed strongly at the end of January, the entire AI token market suffered a wave of general selling due to events such as DeepSeek, resulting in low market sentiment.
In early February, TAO’s price fell sharply, mainly due to the broader market liquidation wave. However, Coinbase’s initial launch plan and Elon Musk’s bold bid for OpenAI provided support for TAO and the entire AI crypto market, helping them gradually gain a foothold.
Although the plunge in early February left investors with lingering fears, Coinbase’s launch announcement undoubtedly brought TAO a short-term respite. Today, Bittensor has become one of the most watched tokens in the market, and Coinbase’s official announcement has added additional momentum to its rise.
Short-term bullish, still need to be cautious in the future
Overall, the current market outlook for Bittensor (TAO) is optimistic. In the crypto community, Bittensor has attracted more and more attention, and Coinbase’s launch is undoubtedly a shot in the arm for it.
However, the overall market environment in the field of AI is still full of uncertainty, and there may be some downward pressure in the future. However, for now, Bittensor has many advantages, including its technological leadership in the field of AI, growing community support, and traffic dividends brought by Coinbase.
For investors, although TAO’s performance in the short term is exciting, it is still necessary to pay close attention to market dynamics, especially when the overall sentiment of AI tokens has not yet fully recovered. After all, market fluctuations may bring new challenges at any time.
Summary: Bittensor’s future is worth looking forward to
Whether it is Coinbase’s “halo effect” or Bittensor’s own potential, TAO has become the focus of the market in recent times. With the continuous development of AI technology and the growth of market demand, Bittensor is expected to continue to maintain its strong momentum in the future. However, investment needs to be cautious and rationally judge risks and opportunities in order to take the initiative in this market game!
