Bittensor (TAO) price extends its weekly gains to 11.5% despite the broader market downturn, with analysts eyeing a breakout for an extended rally toward the $678 level. The post Bittensor (TAO) Price Eyes Rally to $678 Following This Crucial Breakout appeared first on Coinspeaker.Bittensor (TAO) price extends its weekly gains to 11.5% despite the broader market downturn, with analysts eyeing a breakout for an extended rally toward the $678 level. The post Bittensor (TAO) Price Eyes Rally to $678 Following This Crucial Breakout appeared first on Coinspeaker.

Bittensor (TAO) Price Eyes Rally to $678 Following This Crucial Breakout

2025/10/30 20:23

Decentralized AI protocol Bittensor TAO $425.5 24h volatility: 0.2% Market cap: $4.10 B Vol. 24h: $454.35 M has been recently in the limelight as native crypto TAO has rallied 4% in the last 24 hours, defying the broader market downtrend.

As a result, Bittensor price has extended its weekly gains to 11.5% with its market cap surging to $4.5 billion.

Crypto market analyst Rekt Capital believes that the TAO price rally can extend to $678 following one imminent breakout ahead.

Bittensor (TAO) Price Rally Can Extend by Another 50%

Following a 41% rally over the past month, Bittensor (TAO) has now grabbed a place among the top 30 digital assets by market cap. At the time of writing, the altcoin is trading at $441, with bulls eyeing a potential breakout post $450.

Crypto analyst Rekt Capital reported that TAO has been trading within a wedging structure.

He added that the altcoin has recently rebounded from a key historical demand zone and is recovering toward the wedge’s upper boundary.

As shown in the chart above, the Bittensor price is once again testing resistance at $449.36, where short-term consolidation could be forming a minor bull flag.

However, Rekt Capital noted that the broader structure remains defined by a macro range between $449.36 and $678.13.

The analyst emphasized that reclaiming $449.36 as support is critical. He further added that a weekly or daily close above this level has historically led to rallies across the wider 50% macro range.

If TAO price confirms a weekly close and a successful post-breakout retest of the range low, it could enable the asset to re-enter the macro range.

If TAO price confirms a weekly close and a successful post-breakout retest of the range low, it could enable the asset to re-enter the macro range.

Thus, the altcoin will position for a potential upside toward the range high near $678.13.

Staked TAO ETP to Go Live Soon

Amid the strong Bittensor price performance, asset managers are now planning to bring a TAO exchange-traded product to the market.

Deutsche Digital Assets, a German-regulated issuer of exchange-traded products (ETPs), is preparing to launch the Bittensor Staked TAO ETP (ticker: STAO) on the SIX Swiss Exchange within the next few weeks.

The company is collaborating with Safello (SFL), a Nasdaq Nordic-listed broker, to bring the product to market.

According to the announcement, the new Safello Bittensor Staked TAO ETP will offer investors exposure to TAO in a regulated environment.

Bitcoin Hyper (HYPER) Presale Surpasses $25M, Eyes Further Growth

Layer 2 token Bitcoin Hyper (HYPER) is gaining attention again, having already raised over $25 million in its ongoing presale.

Built on the Solana Virtual Machine (SVM), the project seeks to address Bitcoin’s scalability limitations and improve its functionality by enabling smart contract capabilities.

Bitcoin Hyper Presale Overview

  • Current Price: $0.013195
  • Total Raised: $25.25 million
  • Ticker: HYPER

Don’t forget to check out our guide on how to buy Bitcoin Hyper if you’re interested in joining the presale! It’s already raised more than $25 million, with tokens currently priced at $0.013195.

next

The post Bittensor (TAO) Price Eyes Rally to $678 Following This Crucial Breakout appeared first on Coinspeaker.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

The End of Fragmentation: Towards a Coherent Ethereum

The End of Fragmentation: Towards a Coherent Ethereum

Author: Prince Compiled by: Block unicorn Ethereum's initial vision was a permissionless, infinitely open platform where anyone with an idea could participate. Its principle is simple: a world computer sharing a single global state view. Ethereum's value lies in the fact that anyone can build useful applications, and that all applications are interconnected. As Ethereum evolves, its scaling roadmap brings both new opportunities and challenges. New closed ecosystems are beginning to emerge. Entrepreneurs seek higher performance or practical ways to make their products stand out. For some developers, the simplest way to achieve this is to create their own blockchain ecosystem. This ecosystem expands in almost every possible direction: new blockchains are launched (horizontal growth), and aggregations are introduced to expand the underlying layers (vertical growth). Other teams choose to build their own dedicated execution and consensus layers (application-specific blockchains) to meet the needs of their projects. Each expansion, viewed individually, is a reasonable decision. But from a broader perspective, this continuous expansion is beginning to undermine the belief that Ethereum will one day become the "world computer." Today, the same assets exist on multiple platforms and in multiple forms. The same exchanges or lending markets appear on every chain. The permissionless nature remains, but the coordination mechanisms are beginning to disappear. As state, assets, liquidity, and applications become increasingly fragmented, what was once an infinite garden is starting to resemble a complex maze. The real cost of fragmentation Fragmentation has not only created technical obstacles, but it has also changed how developers feel when choosing to build applications. The products delivered by each team initially functioned as expected. However, with increasing fragmentation, these teams were forced to migrate identical applications to other chains in order to retain existing users. Each new deployment seemed like progress, but for most developers, it felt like starting from scratch. Liquidity gradually eroded, and users left with it. Ethereum continues to grow and thrive, but it has gradually lost its community cohesion. Although the ecosystem remains active and continues to grow, individual interests have begun to take precedence over coordination and connection. This boundless garden is beginning to show signs of overgrowth and neglect. No one did anything wrong. Everyone followed the incentive mechanism. Over time, all that remained was exhaustion. Abundance was brought without permission, yet within this abundance, the very foundation that once held everything together began to crumble. Return of coherence MegaETH represents Ethereum's first real opportunity to scale block space supply to meet demand within a single execution environment. Currently, the L2 block space market is congested. Most projects are vying for the same user base, offering largely similar block space. Throughput bottlenecks persist, and high activity on individual sequencers artificially inflates transaction costs. Despite significant technological advancements, only a handful of scaling solutions have truly improved the user and developer experience. MegaETH aims to change that. It is one of the closest attempts to realizing Ethereum's original vision—building a world computer. By providing an execution environment with latency below 10 milliseconds, gigabit gas caps, and ultra-low-cost transactions, the MegaETH team is striving to achieve the vision of a world computer. All data is processed on a single shared state (ignoring privacy concerns for now), and real-time execution should be a guiding light for our industry and the only way we can truly compete with Web 2.0. As a founder building on MegaETH, what impressed me most wasn't the speed or millisecond-level latency, but rather that after many years, all applications built on Ethereum can finally connect and stay in sync, and at a low cost with short wait times. When all contracts and transactions reside in the same state machine, complex coordination mechanisms become simple again. Developers no longer need to struggle with latency or spend time optimizing contracts to improve gas efficiency; users no longer need to worry about which "version" of network they are transacting on. This is what MegaETH means by "Big Sequencer Energy": Ethereum possesses a high-performance execution layer built specifically for real-time applications. For the first time in years, users can build applications within the Ethereum execution environment without worrying about their location. All users can once again share the same execution environment, enabling latency-sensitive applications such as high-frequency trading, on-chain order books, real-time lending, and fully on-chain multiplayer games—features currently impossible due to Ethereum's resource limitations. Enter: MegaMafia In the context of MegaETH, those who experienced fragmentation are beginning to rebuild. We all know what we lost when everything fell apart. Now, the system is finally able to stay in sync, and it feels like moving forward rather than sideways. Each team works on a different level: transactions, credit, infrastructure, gaming, and more. But their goal is the same: to make Ethereum a unified whole again. MegaETH provides that opportunity, and MegaMafia has given it shape. The focus now is no longer on deploying more of the same applications, but on rebuilding the infrastructure so that the parts that are already working well can finally work together. Avon's role in world computing Avon brought the same concept to the credit market. Of all DeFi categories, lending is most severely affected by fragmentation. Each protocol operates on different versions of the same concept. Each market has its own liquidity, rules, and risks. Anyone who's used these markets knows the feeling. You check interest rates on one app, then compare them on another, and still don't know which is more reliable. Liquidity stagnates because it can't flow between different protocols. Avon introduces a coordination layer instead of deploying another pool of funds. Its order book connects different strategies (independent markets), enabling them to respond to each other in real time. You can think of it as many pools of funds connected through a shared layer (i.e., the order book). When one changes, the others are aware of it. Over time, the lending market will once again function as a single, interconnected market. Liquidity will flow to where the most competitive conditions are available. Borrowers will obtain the most competitive interest rates possible. Coordination is not just about optimizing interest rates or controlling them. More importantly, it's about providing a unified perspective on lending during market fluctuations. Towards a coherent Ethereum Ethereum doesn't need another chain. It needs a central hub where people gather and maintain Ethereum. MegaETH provides the trading venue. MegaMafia will provide the trading power. Avon will provide the coordination layer, enabling funds to flow within the system. Ethereum has faced fragmentation issues for the past few years; we believe MegaETH will drive Ethereum toward realizing its vision of becoming a world computer and reaching an unprecedented scale. As Ethereum begins to regain its rhythm, MegaETH will ensure that builders can do this at a near-infinite scale.
Share
PANews2025/10/31 14:00