Grayscale Files for Bittensor Trust, Advancing Decentralized AI Market
- Decentralized AI Emergence: Bittensor, as a decentralized AI protocol, attracts increasing contributions of computing power, data, and AI models through open participation and token-based incentives, driving market interest in decentralized AI.
- Rising Institutional Interest: Grayscale Investments has filed a preliminary registration statement for a trust product related to Bittensor, which, if approved, would provide regulated access to TAO, marking recognition of decentralized AI as a distinct crypto sector.
- Market Capitalization Fluctuations: TAO's market capitalization fluctuates between $2 billion and $3 billion, reflecting rising investor interest in AI-related crypto assets despite ongoing market volatility, indicating the economic potential of decentralized AI.
- Transparent Governance Model: Bittensor's open-source and permissionless network allows intelligence to be treated as a market-driven resource, fostering competition and collaboration to improve AI outputs while embedding economic incentives directly into protocol design to accelerate innovation.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 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 | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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