{"id":5066,"date":"2025-04-30T12:41:00","date_gmt":"2025-04-30T11:41:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=5066"},"modified":"2025-04-30T12:23:20","modified_gmt":"2025-04-30T11:23:20","slug":"2-key-catalysts-could-push-bittensor-tao-beyond-450","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/2-key-catalysts-could-push-bittensor-tao-beyond-450\/","title":{"rendered":"2 Key Catalysts Could Push Bittensor (TAO) Beyond $450"},"content":{"rendered":"\n

A Crucial Game-Changing Update<\/strong><\/h2>\n\n\n\n

The recent update of the Bittensor network<\/a><\/strong>, named dTAO, has significantly boosted the market’s positive perception of TAO. This development has allowed network users to actively participate in its governance<\/strong>, enhancing its efficiency.<\/p>\n\n\n

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\"bittensor<\/figure>\n<\/div>\n\n\n

Source: CoinMarketCap<\/p>\n\n\n\n

The introduction of new Alpha Tokens<\/strong>, only exchangeable for TAO, has significantly increased the utility of this cryptocurrency<\/a>. This momentum has led to a 66% surge<\/strong> in its price over the past month, according to CoinMarketCap. The community remains highly optimistic<\/strong> about TAO’s future trajectory.<\/p>\n\n\n\n

This evolution within the Bittensor ecosystem has had major repercussions on TAO’s fundamentals<\/strong>. The high demand for TAO tokens needed to acquire Alpha Tokens for governance activities has directly boosted demand in the market. Furthermore, the continuous issuance of TAO is now approaching a historic high<\/strong> of 8 million tokens. Additionally, the staking activity has also increased, with approximately 6 million TAO<\/strong> currently locked up.<\/p>\n\n\n\n

A Macro Environment Favorable for TAO<\/strong><\/h2>\n\n\n\n

From a chart perspective, TAO<\/a> appears well-positioned to continue its upward momentum<\/strong>. Currently at the critical resistance level of $389.6, the crypto must break this threshold to reach its next targets at $458 and then $526<\/strong>.<\/p>\n\n\n

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\"TAO<\/figure>\n<\/div>\n\n\n

However, it is important to remain cautious<\/strong> as each of these levels could act as a resistance zone, prompting profit-taking and price corrections. With this positive ecosystem update and promising growth prospects<\/strong>, Bittensor seems on track to continue its ascent. Further enhancements could support this bullish trend<\/strong> and propel the crypto to new heights.<\/p>\n\n\n\n

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Buy TAO on Bitget and get a bonus<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n