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Cryptocurrency

Is TAO The 'Dogecoin Killer'? Grayscale Tweets 'Signs Of Adoption' While One Trader Says He's 'Not Selling' Until TAO Flips 'The Dog Coin'



© Reuters. Is TAO The ‘Dogecoin Killer’? Grayscale Tweets ‘Signs Of Adoption’ While One Trader Says He’s ‘Not Selling’ Until TAO Flips ‘The Dog Coin’

Benzinga – Promoted by Grayscale and backed by artificial intelligence technology, Bittensor (CRYPTO: TAO) is aiming to dominate the AI-powered crypto token space.

What Happened: In the past week, Bittensor reported gains of 35.3%, pushing its year-on-year gain to 254.2%. In comparison, highly followed and trending meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) witnessed a drop of 7% and 21.3% respectively in the same period.

Interestingly, Grayscale sees “signs of adoption” for several AI-related cryptocurrencies.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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