If you’ve been keeping an eye on the tech world, you’ve probably noticed that we’re living in an era of rapid technological evolution. One of the most exciting developments is the rise of Artificial Intelligence (AI). It’s no exaggeration to say that AI is taking over the world, transforming everything from healthcare to transportation, and even the way we interact with our devices.

But here’s the kicker: AI isn’t just changing our world; it’s also creating some insane opportunities for profits. And where better to look for these opportunities than in the dynamic, fast-paced world of cryptos?

This new player in the crypto space that’s making waves with its unique approach to integrating AI and blockchain technology.

It is more than just a cryptocurrency; it’s an open-source AI network built on the blockchain. It’s designed to create a decentralized and democratized AI model where anyone can train and operate AI models while earning crypto rewards. Sounds cool, right?

Think of if as if Bitcoin and Chat GPT had a baby together on the blockchain.

AI is literally just getting started, its most likely going to be a multi-trillion dollar bubble and it hasn’t even started yet. Look at the chart below, how early we are!

💨 TLDR

• AI Revolution is here, It will transform most of the industries, and is literally just getting started!
• Bittensor open-source AI network built on the blockchain, that democratizes AI by enabling anyone to train and operate AI models, earn crypto rewards, and contribute to a global AI supercomputer!
• Its coin, Tao, has retraced a lot since the Q1 AI Hype and it is now at a great levels for a longer term investment!
• Our Target is $2500, 50x from here, but for sure we will take profits along the way, at the predetermined levels, specified at the end of the article!

Introducing: Bittensor

What sets Bittensor apart is its vision to create a global AI supercomputer. By harnessing the power of blockchain, Bittensor allows AI models to learn from vast amounts of data across the network, improving their performance and capabilities. This is a game-changer in the AI industry, where access to large datasets is often restricted to big tech companies.

But what does this mean for you as an investor? Well, as the network grows and the AI models improve, the value of Bittensor’s native crypto is likely to increase.

Moreover, Bittensor’s unique proof-of-stake model allows users to earn rewards by contributing to the network’s growth and development. This means you’re not just investing in a cryptocurrency; you’re becoming part of a community that’s shaping the future of AI.

Bittensor is not just another hype Ai coin, which uses chat gpt api, but it is creating its own supercomputer! Check out some of their already live protocols!

Check them out and see their work for yourself: https://www.thebittensorhub.com

Tao Inflation & Price Targets

As you may see, only about 20% of the whole Tao supply is circulating at the moment, this may be a red flag for some people but let us explain why this is not a problem.

Tao has has a max supply of 21M and full Tao circulation is 100+ years from now. So, inflation is not infinite, and actually is halved every 4 years. In other words, tao is using the same model as Bitcoin, its inflation is an incentive to both miners & validators (50/50) to keep the network functioning and achieving its mission!

Even with new Tao being emitted, majority won’t be sold, but rather being staked by validators. Why? Because validators control & define Ai problems to be solved in the network by miners, and only those with the highest tao stake can do that.

Currently 85% of tao is staked in the protocol, as the war for validators is raging 👇 If you do decide to buy Tao, i would suggest you to stake it, as the % APRs are just too good to overlook!

As of Risk vs Reward ratio, Tao has now presented a great opportunity, if you are willing to hold for a longer term! Price has came down nicely, from the $100s level, after an insane Q1 AI run. The price found a bottom in May and its now stabilizing at the $40-$50 level.

Best scenario for Tao would be, if it reclaims the $60 level & creates an support on these levels on a weekly timeframe!

Slightly worse scenario would be, if it ranges in these $40-$50 levels & and maybe even revisits lows from May – $30, find support there and then slowly grind up again

Worst scenario is if Tao gets rejeceted here at $50 levels, the price starts a downtrend to $30, it finds some support but then it starts to fall through it! If that happens, we would seriously reconsider our position & most likely get out of the position until it finds a new support zone!

$2500 is our long term goal for Tao, 50x from these prices, it would mean it has a marketcap of ≈ $12B (Depends on the time, because of the emissions)

As waiting for the 50x could be painful, with a lot of ups & downs, and it may not even happen in the next bull run, its best to take profits along the way, here is how we will do it:

• Sell 10% at $200 ($1B Market Cap)
• Sell 20% at $500 ($2,5B Market Cap)
• Sell 20% at $950 ($4,5B Market Cap)
• Sell 10% at $1500 ($7,2B Market Cap)
• Sell 20% at $2500 ($12B Market Cap)

We will let the rest of the position run, while accumulating staking rewards from the protocol!

Risks

As with every investment, also Tao is not perfect and it has a lot of risks you should be aware of! As you probably already know, Crypto market as a whole is risky & in a Bear market even the best projects struggle to avoid the downside!

Another thing is that it will most likely have a very hard time trying to beat centralized alternatives and get on the similar level as them!

Last thing is exchanges, it is only listed on MEXC and BitGet at the moment, for it to really reach much higher prices it will need some tier 1 exchange listings!

Conclusion

Tao really has enormous potential, if everything works out as they plan to, so this is a longer term play for us, meaning we won’t be taking any profits from it until it reaches $200 as our first target.

Bittensor represents a unique convergence of AI and blockchain technology, two of the most transformative technologies of our time. If you’re looking to get in on the ground floor of the next big thing in crypto, Bittensor is definitely worth a look.

Keep in mind that there are still a lot of risks & nothing is guaranteed in the Crypto space! Some news may come tomorrow, which will flip things entirely on its head & push us to exit from our position, we will for sure tell you if it happens!