Bittensor (Tao) - number 1 AI Altcoin - thoughts?

[JamesDaniel90]

I do not own any of this altcoin however it is on my watch list and I am liking the recent price crash we have seen in recent days and thinking of buying some soon if it keeps falling.

Currently number 31 on the overall crypto ranking list, Bittensor is the current number 1 AI play and many call it the Bitcoin of AI.

Current market cap is $3B with a price of $346, many say this can easily hit $50B market cap during the peak of altseason (if it ever comes).

I like the tokenomics, it has same supply as Bitcoin with only 21m max supply with 42% currently circulating - is anyone else in this altcoin? What do you think about its potential for the rest of this bull run?

[coyhasmon]

I like the tokenomics, it has same supply as Bitcoin with only 21m max supply with 42% currently circulating - is anyone else in this altcoin? What do you think about its potential for the rest of this bull run?

The reason they designed it like this is so that they can promote it as a "next Bitcoin" trick which is fraud. This tactic is very old and not so relevant or working anymore. Usually when a project or its influencers promote something in this way that is a big red flag.

Currently number 31 on the overall crypto ranking list, Bittensor is the current number 1 AI play and many call it the Bitcoin of AI.

Current market cap is $3B with a price of $346, many say this can easily hit $50B market cap during the peak of altseason (if it ever comes).

It is not very interesting to the widest community of crypto that are degens, and in terms of real world AI it stands no chance against the tech giants.

[el kaka22]

What these coins will do with AI? Will develop their own AI model? Or will contribute to further development of currently available AI? After the long way of mimics like masternode, defi, meme, nft, etc, now it seems devs are into AI for another round of luring investors.  These ranking are just another manipulated numbers and got nothing to do with the quality of a project. With massive supply, devs do trick for higher ranking and price of a token is always subject to get dumped at any time hence how will they hold their ranking forever? So, all the mentions about the ranking are not making any sense basically.

My thought on these (and not limited to AI), no such coin/token will survive for next one year of time. As per what we have learned from the past, these will get delisted from exchanges as devs and investors start chasing another theme like quantum computing or similar.

[JamesDaniel90]

To be honest i don't know much about this altcoin, just that it has got some attention last few months and like i said number 1 AI altcoin currently.

It has not fallen enough in price for me to buy yet, if things continue to get bad with the war FUD and it crashes down to around $2.5b market cap then I will buy some then as think it shouldn't have a problem seeing a 10x return from that price.

[gunhell16]

I do not own any of this altcoin however it is on my watch list and I am liking the recent price crash we have seen in recent days and thinking of buying some soon if it keeps falling.

Currently number 31 on the overall crypto ranking list, Bittensor is the current number 1 AI play and many call it the Bitcoin of AI.

Current market cap is $3B with a price of $346, many say this can easily hit $50B market cap during the peak of altseason (if it ever comes).

I like the tokenomics, it has same supply as Bitcoin with only 21m max supply with 42% currently circulating - is anyone else in this altcoin? What do you think about its potential for the rest of this bull run?

To be honest, that's one of the things I've been doing with DCA since it was only $50 last year if I'm not mistaken, and I'm still saving it up, that's the AI ​​coin that didn't go through pre-sales,
and its price has rallied in the market.

In fact, the potential price I see for it by this bull season is from $1000 to $2000 in accordance with my analysis and my reading of its chart
on the exchanges where it's listed.

[nemesis_incarnate]

They go for a bullish concept (Decentralised AI), so it may bring good results in the end, but who knows..

[passwordnow]

is anyone else in this altcoin? What do you think about its potential for the rest of this bull run?

I am not but I've seen people who have told their purchase with this coin. I have also some other AI coins but I've missed cashing out with those. This coin however have also reached a peak twice at $700k. So, the current price is at half of its peak. I'm not sure how the AI coins are going to play after this bull run. Maybe it's just a fad or a hype that has been built, who knows? only time will tell but if someone is up and in profit or that time comes, don't hesitate to take your part and clear your position.

[nemesis_incarnate]

is anyone else in this altcoin? What do you think about its potential for the rest of this bull run?

I am not but I've seen people who have told their purchase with this coin. I have also some other AI coins but I've missed cashing out with those. This coin however have also reached a peak twice at $700k. So, the current price is at half of its peak. I'm not sure how the AI coins are going to play after this bull run. Maybe it's just a fad or a hype that has been built, who knows? only time will tell but if someone is up and in profit or that time comes, don't hesitate to take your part and clear your position.

It sounds bullish, but yeah, - many things do sound the same, only to plummet afterward.

We will see where it goes.

[aioc]

Got a huge pumped after 2 years  $30.83 1037.1% May 14, 2023 (about 2 years) its a big achievement for an AI coin this is one of the coin that many have hoped to get in before the big pumped, it gets past on my radar, its worth looking with a small supply and a good roadmap this coin has a good potential for another pump.
The tokenomics is good its a good find for those who wants to take risks

https://blog.bittensor.com/tao-token-economy-explained-17a3a90cd44e

[nemesis_incarnate]

Got a huge pumped after 2 years  $30.83 1037.1% May 14, 2023 (about 2 years) its a big achievement for an AI coin this is one of the coin that many have hoped to get in before the big pumped, it gets past on my radar, its worth looking with a small supply and a good roadmap this coin has a good potential for another pump.
The tokenomics is good its a good find for those who wants to take risks

https://blog.bittensor.com/tao-token-economy-explained-17a3a90cd44e

As always - we gamble with the potential the project holds, but this one - it at least has more to unpack than just a meme or something like that.

[coyhasmon]

What these coins will do with AI? Will develop their own AI model? Or will contribute to further development of currently available AI? After the long way of mimics like masternode, defi, meme, nft, etc, now it seems devs are into AI for another round of luring investors.  These ranking are just another manipulated numbers and got nothing to do with the quality of a project. With massive supply, devs do trick for higher ranking and price of a token is always subject to get dumped at any time hence how will they hold their ranking forever? So, all the mentions about the ranking are not making any sense basically.

My thought on these (and not limited to AI), no such coin/token will survive for next one year of time. As per what we have learned from the past, these will get delisted from exchanges as devs and investors start chasing another theme like quantum computing or similar.

Most of the AI projects are just buzzword projects. They don't need to exist and their idea is not gonna survive in a competitive environment. You are very right making a comparison to the trends of the past like masternode, defi, nfts and the like.

Got a huge pumped after 2 years  $30.83 1037.1% May 14, 2023 (about 2 years) its a big achievement for an AI coin this is one of the coin that many have hoped to get in before the big pumped, it gets past on my radar, its worth looking with a small supply and a good roadmap this coin has a good potential for another pump.
The tokenomics is good its a good find for those who wants to take risks

https://blog.bittensor.com/tao-token-economy-explained-17a3a90cd44e

If you throw some dollar bills on a piece of shit, does it turn into something else or does it simply remain a piece of shit? TAO is a terrible project and random pumps don't give a project credibility.

[jaberwock]

Most of the AI projects are just buzzword projects. They don't need to exist and their idea is not gonna survive in a competitive environment. You are very right making a comparison to the trends of the past like masternode, defi, nfts and the like.

They even have an idea? But this would be imaginary only. So yeah, it won't survived since people will find that out eventually. I believe AI is not new but there is also no new thing that came in the scene, so it is still relevant. Memes on the other hand are always present. Even an AI project can turn into a meme too if they are not genuine.

If you throw some dollar bills on a piece of shit, does it turn into something else or does it simply remain a piece of shit? TAO is a terrible project and random pumps don't give a project credibility.

What shit you are referring at? That project right there? But it doesn't look like one according on his insights. I think he genuinely checked it for him to say those. Even if we use another example or those that are a literal pump and dump crypto, I think some won't care about it but what important for them is they can earn a profit.

[illanz]

I’m waiting for the price to drop  if the market cap hits around $2.5B because of all the war FUD, I’ll buy in 

[Cryptoddler]

For me, it has been the most decentralized AI infra token and had strong hope in the token.

The ecosystem itself seems like the biggest eco in the crypto ai community.

However, right now virtual is getting more attention since ai agents are more buzzing word in web2 n web3 industry.