Bittensor (TAO) Aims to Overcome 2021 Crypto Challenges: Here's What They Are Developing
2021 Crypto Landscape: The crypto industry faced significant trust issues in 2021, with $14 billion lost to fraud, leading to a collapse in confidence and a shift in focus from speculative investments to real-world applications.
Bittensor's Unique Approach: Bittensor (TAO) distinguishes itself by offering AI services that generate real revenue through enterprise payments, rather than relying on retail speculation, thus aiming to restore trust in the crypto space.
Token Design and Functionality: The TAO token features a hard cap of 21 million, promoting transparency and serving as a base asset for a network that produces tangible AI outputs, contrasting with the hype-driven models of 2021.
Shifting Perspectives: Discussions around Bittensor emphasize the importance of evaluating projects based on their real-world value and revenue generation, rather than past speculative trends, highlighting a potential shift in the crypto industry's future.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00925 | 0.0148 | 0.0204 | 0.026 | 0.0316 | 0.0372 | 0.0428 |
| Fibonacci | 0.0148 | 0.0191 | 0.0217 | 0.026 | 0.0303 | 0.0329 | 0.0372 |
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