TAO — the cryptocurrency of the future or a hype on AI?
Today I noticed $TAO — the token of the Bittensor project, which is actively gaining momentum against the backdrop of the popularity of artificial intelligence.
TAO is not just another 'AI coin', it is part of a decentralized network where anyone can train and run machine learning and receive rewards for it. A sort of Web3 for AI.
The price is fluctuating very actively, so this is an ideal candidate for grid trading (grid bot). But remember: high volatility is not only a chance for profit but also a risk of losses.
I plan to launch a GRIT bot on the TAO/USDT pair — I will test the grid strategy.
I wonder if it will bring results or if everything will drop during a downturn.
Who is already trading TAO? Write in the comments — let's exchange experiences!