As the AI narrative sweeps back into the market, machine learning protocol Bittensor has seen TAO price explode in a dramatic +100% move – but could this emerging crypto casino offer better returns?
In a return to Spring market sentiment, the AI narrative has once again swept into the charts, in a move reminiscent of major pumps for FET and AGIX.
$Tao Update:
After a parabolic Bullrun from $Tao, we just See a healthy correction.
In my opinion, we will never See prices again below $100,00$.
If we will See the region between 150-170 $, I‘ll accumulate again.#Bittensor @opentensor #AI #ChatGPT #OpenAI #BTC #ETH pic.twitter.com/v5qDwaCiPn
— V A τ A O (@VatanMin) November 21, 2023
With TAO token now breaking into three figure pricing, traders remain bullish although markets are expectant of a healthy retracement move.
TAO Price Analysis: Will TAO Price Survive Retracement Move or Is it Too Late to Buy Bittensor?
As TAO price action retreats from an all-time high of $307, Bittensor is currently trading at a market price of $248 (representing a 24-hour change of -13.60%).
This comes following a tremendous break above moving average support on October 24, triggering a major 28-day rally which saw TAO price breakout +510%.
With dramatic momentum, the 20DMA (sat at $159) has formed a golden cross with the 200DMA (which remains down at $67.13) on October 29.
A serious supply zone has emerged offering lower support between $137 and $160 – leading to calls on Crypto Twitter for lower retracement support at $150.
Meanwhile, the retracement move appears healthy on the RSI with the top indicator cooling down rapidly to 73.16 (which while technically overbought suggests price could repeat a second leg as seen on November 14).
The MACD on the other hand showcases bulls on parade with an insanely bullish 11.59 reading suggesting price is mid-skyrocket.
Overall, Bittensor looks extremely strong here, with beautiful technical form amid the expected retracement move, a consolidation at $230 is likely to prime a second rally leg.
This gives TAO a current upside target to the all-time high at $307 (representing a potential +24.83%).
While downside risk for TAO price could see a drop to $230 (a possible -20.48% on the short-time frame).
TAO price therefore carries a current risk: reward structure of 1.21 – a moderately good entry risking retracement at the top end of a recent skyrocket move.
But while TAO enters retracement, capital is quickly shifting into a promising crypto casino presale which has already seen multi-million in presale funding.
Top TAO Alternative? This GambleFi Crypto Presale Just Accelerated Past $2.7M Raised
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $2,713,958 raised in just a few weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms TAO Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 294%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 294% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is It Too Late to Buy Bittensor? TAO Price Soars 100% with the Rise of an Exclusive Telegram Crypto Casino – How to Play? appeared first on Cryptonews.
