My people! What's up, friends! Here I bring you the latest gossip from the crypto world that is on fire 🔥. It turns out that Bittensor (TAO), that decentralized artificial intelligence thing, is making waves, but it has more than one person on edge. It's like a roller coaster: on one hand, there's institutional green money coming in big, but on the other hand, the price of TAO is a bit crazy, rising and falling like beer foam 🍺.
Imagine the scene: while the price of TAO has danced a rather sad merengue, falling 3.6% in just 24 hours, the serious players, those who pull the strings with big money, are getting their hands dirty! They have released over 10 million dollars from corporate treasuries, yes, you heard that right! Companies listed on Nasdaq, just like MicroStrategy does with Bitcoin, are buying TAO as if there were no tomorrow. That's already a sign, isn't it? 🤑
Things got even more serious at the Proof of Talk 2025 event, a tech party where more than 3,000 brainiacs gathered! There, Jacob Steeves, one of the founding guys of Bittensor, spilled the beans on how decentralized AI is going to change the game. And watch out, this is no small thing, over 140 venture capital firms, including heavyweights like a16z and Pantera Capital, were wide-eyed! 🤩
Moreover, the people from Everything Blockchain Inc. did not fall behind and invested 10 million dollars in TAO on June 20, joining the 7.5 million that Oblong Inc. had already invested on June 10. They are seeing the future with these moves! And as if that wasn't enough, the Yuma Group, led by the one and only Barry Silbert (the guy is an investment shark), announced that they are going to launch a platform for institutions to invest in Bittensor projects. That's being sharp, my people! 🚀
But not everything is rosy, you know? Although in the last 90 days TAO rose 36%, the resistance at $380 is like a brick wall. Right now, TAO is at $338.61, and although trading volume skyrocketed by 93% in 24 hours (which means people are active, buying and selling), the general sentiment in the crypto market is rather neutral. It's like when the team is winning, but the game isn't over yet and you are holding your breath. 😬
So, what can I tell you? Bittensor is on the radar of major investors and has an AI vision that sounds futuristic, but the price volatility and pressures from the crypto market have it at a crossroads. The million-dollar question is: will the development of new subnets and staking rewards (like the million-dollar annual promise from EBZT) be enough for TAO to continue rising like foam and free itself from the traders who sell quickly? Only time will tell, my dear ones! Stay sharp, because this saga is just beginning. 👀$TAO
