Everyone calls $TAO the AI trade Wall Street is about to bless. I'm watching it test its $201 shelf.
Q1: Three ETF filings — doesn't that put a floor under it?
Grayscale's October 23 filing would make its trust an ETF; two more filed. But a filing is not an approval — no launch date, no fee set, and the trust can't stake its TAO until a tax condition clears.
Q2: But subnet revenue is growing 40% a month?
SubConnect puts subnet revenue near $70 million annualized — an off-chain estimate, unaudited. One study counted $8.7 million of verifiable model payments across 130 projects.
TAO is down 26% in a month and 6.9% today, near $200, below every daily average. It just dipped under the $201.40 shelf — the daily close decides if the shelf held or broke.
My lines: $201.40 above, then $198.89; $218.23 is the first ceiling.
Revenue story, or the shelf — your answer to Q2?
NFA, DYOR.
$TAO #Bittensor #AI #Altcoins #CryptoTrading
Q1: Three ETF filings — doesn't that put a floor under it?
Grayscale's October 23 filing would make its trust an ETF; two more filed. But a filing is not an approval — no launch date, no fee set, and the trust can't stake its TAO until a tax condition clears.
Q2: But subnet revenue is growing 40% a month?
SubConnect puts subnet revenue near $70 million annualized — an off-chain estimate, unaudited. One study counted $8.7 million of verifiable model payments across 130 projects.
TAO is down 26% in a month and 6.9% today, near $200, below every daily average. It just dipped under the $201.40 shelf — the daily close decides if the shelf held or broke.
My lines: $201.40 above, then $198.89; $218.23 is the first ceiling.
Revenue story, or the shelf — your answer to Q2?
NFA, DYOR.
$TAO #Bittensor #AI #Altcoins #CryptoTrading
