TL;DR
- The leading AI-related cryptocurrency experienced a 15% increase in value after being listed on Binance, but later adjusted to a lower price.
- The company alerted users to conduct thorough research before entering the ecosystem of the token.
The cryptocurrency Bittensor (TAO), which boasts the largest market capitalization in the AI sector, underwent a notable surge in value within the past hour. This increase amounted to approximately 15% and peaked at $690. However, its upward trend has since waned, with current trading prices hovering around $640, according to CoinGecko’s latest updates.
After being added to Binance‘s listings, trading opportunities arose for the pairings TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY. This event marked a revival in the asset’s popularity.
Users can begin depositing with the company starting from now, but withdrawals won’t be an option until April 12. The listing fee for TAO on the platform is zero BNB.
Binance reminded that the AI-related cryptocurrency is a relatively new participant in the market, warning users to conduct proper due diligence before dealing with it:
“Please ensure that you exercise sufficient risk management, have done your own research in regards to TAO’s fundamentals, and fully understand the project before opting to trade the token.”
The field of Artificial Intelligence with a focus on technology coins has gained significant popularity in recent times, amassing a market value exceeding $25 billion. For those interested in exploring the top 5 tokens in this category, check out our detailed article
TAO’s biggest rival – Render (RNDR) – recently witnessed a similar price rally following support from another leading cryptocurrency exchange. As CryptoPotato reported, Coinbase placed the asset on its roadmap section and later allowed trading services with it.
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2024-04-11 11:00