With the AI crypto narrative back on the menu, market appetite for AI tokens is growing insatiable, and Bittensor has emerged as a favorite after TAO price spiked +17%.
The pump comes in the midst of a return to bullish Spring market sentiment, with the rising time of the AI narrative once again sweeping through charts, in a move reminiscent of major pumps for FET and AGIX.
Decentralized AI is the future $TAO to $1000 pic.twitter.com/xhqFowKh8Y
— Johnny (@CryptoGodJohn) December 1, 2023
Traders are turning hyper bullish on the huge breakout rally, with some even suggesting TAO could climb as high as $1000 from here, yet, with TAO token now pushing into the three figure price range, could a healthy retracement move be on its way?
TAO Price Analysis: Is It Too Late to Buy Bittensor As +17% Spike Fuels New All-Time High?
As Bittensor battles to solidify support following a new all-time high for the second time in two weeks, TAO is currently trading at a market price of $282 (representing a 24-hour change of -2.36%).
This comes as double-bottomed structure emerges following two rejections from resistance at $307, providing bullish posture to the TAO price breakout to a new all-time high at $310.
With a higher high established on the chart, and a lower low emerging from an extremely well-defended localized retracement, TAO price appears poised to shift into price exploration as the breakout trading channel stands strong.
In addition to the impressive technical structure, TAO price action continues to find reassurance from the ascendant support of the 20DMA, which is currently standing at $228 – bolstering a localized lower support level at $230.
Meanwhile, the 200DMA (sat at $79) remains gradually ascendant; reflecting the growing momentum as the Bittensor breakout snowballs.
Yet, despite the double-bottomed retracement, the RSI has struggled to cool off significantly, with the leading indicator reading at 69 – a bearish signal suggesting price structure is overbought.
Worryingly, this also achieves confirmation from the MACD indicator, which is reading at -0.36 in a sign of minor bearish divergence in TAO price momentum.
Overall, TAO price appears technically strong here, with a well-defended double-bottomed consolidation likely to see price attempt to push higher – but traders should exercise caution as key indicators reveal that TAO price could be over-extended.
On the short-time frame TAO has an upside target at the all-time high around $310 (a possible +9.15%).
While downside risk poses an immediate threat of a retreat down to $230 (a potential -19%).
Therefore TAO price is left with a challenging risk: reward structure of 0.48, suggesting now could be too late to buy Bittensor on the short-time frame.
But while TAO price might not offer immediate opportunities for big returns, a rapidly growing Telegram-based crypto casino is exploding in presale as market sentiments shifts bullish on this Rollbit alternative.
Top TAO Price Retrace Alternative? This GambleFi Crypto Presale Just Accelerated Past $3.2M Raised
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $3,200,227 raised in just a few weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms TAO Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 182%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 182% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Buy $TGC Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is It Too Late to Buy Bittensor? TAO Price Spikes 17% as TG Casino Goes Viral – Next Big Thing? appeared first on Cryptonews.
