Nasdaq Giant Doubles Down on TAO as Bittensor Primed for 80% Explosion

Wall Street meets Web3—Nasdaq-listed firm loads up on Bittensor's TAO token ahead of predicted moonshot.

Institutional FOMO or calculated bet? Either way, the algos are buying.

When traditional finance dips its manicured toes into decentralized AI, you know we've hit peak 'narrative convergence.'

TAO's tech stack—a decentralized machine learning protocol—just got the ultimate whale endorsement. Now retail traders scramble to front-run the 80% surge prediction.

Remember: in crypto, 'institutional adoption' means they buy low so you can buy high.

TAO price technical analysis

The daily timeframe chart shows that Bittensor Price has rebounded from its June lows. It is nearing the formation of a golden cross, which occurs when the 50-day and 200-day moving averages cross.

TAO has also formed an inverse head-and-shoulders pattern, with a neckline at $488, the May high.

Therefore, the most likely scenario is a rebound toward the neckline at $488. A move above that level WOULD point to further gains, potentially reaching last year’s high of $747, an increase of about 80% from current levels. A drop below the support at $370 would invalidate the bullish outlook.