#AIStocksWhatNext: the question this week is what comes after the AI stock run. On the crypto side, the largest AI token, $TAO, just printed its highest price in 30 days.
The numbers:
Price: 315 USD
24h: +10%, high 325.5
Market cap: 3.56B USD, rank 33
30 day low: 213.4 on September 16
What happened: on September 21 TAO opened at 261.6 and closed at 319.4, a 22% daily candle that went straight through the early September high at 277. Spot volume that day was 92M USDT, against about 18M on a normal day earlier in the month. Today it set the 30 day high at 325.5.
From the September 16 low to today's high, that is +52% in six sessions.
Supply works a lot like Bitcoin's: 11.3M TAO circulate out of a 21M hard cap.
Context: TAO is still 58% below its all time high of 757.6 from March 2024.
My stance: bullish while daily closes hold above 261.6, the open of the September 21 candle. The first level under that is the old high at 277.
Which AI asset are you holding into Q4?
Follow me for daily market breakdowns.
#AIStocksWhatNext #TAO #Bittensor #crypto #AI
The numbers:
Price: 315 USD
24h: +10%, high 325.5
Market cap: 3.56B USD, rank 33
30 day low: 213.4 on September 16
What happened: on September 21 TAO opened at 261.6 and closed at 319.4, a 22% daily candle that went straight through the early September high at 277. Spot volume that day was 92M USDT, against about 18M on a normal day earlier in the month. Today it set the 30 day high at 325.5.
From the September 16 low to today's high, that is +52% in six sessions.
Supply works a lot like Bitcoin's: 11.3M TAO circulate out of a 21M hard cap.
Context: TAO is still 58% below its all time high of 757.6 from March 2024.
My stance: bullish while daily closes hold above 261.6, the open of the September 21 candle. The first level under that is the old high at 277.
Which AI asset are you holding into Q4?
Follow me for daily market breakdowns.
#AIStocksWhatNext #TAO #Bittensor #crypto #AI