“Is Now the Time to Invest in TAO? Bittensor Price Rises 21%”[embed]https://www.youtube.com/watch?v=K0MN3ZNxAFk[/embed]

<div wp_automatic_readability="148.69882682542">

    <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Join Our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel to receive timely updates on the latest news</p>
</div></div></div><p>The Bittensor price witnessed a remarkable increase of 21% within the last 24 hours, reaching <a href="https://coinmarketcap.com/currencies/bittensor/">$555</a> at 3 a.m. EST, with trading volume climbing 60% to $306.4 million.</p>
<p>The native token, TAO, has emerged as one of the standout altcoins over the past fortnight, as the Bittensor network gears up for crucial upgrades, including EVM compatibility and the integration of Ethereum smart contracts.</p>
<p>The Opentensor Foundation released <a href="https://www.youtube.com/watch?v=V2CVx8hGR7M&amp;ab_channel=OpentensorFoundation">a video</a> on September 15, announcing that Ethereum smart contracts will be introduced to the chain shortly, marking a significant advancement for trustless cross-chain bridges and enhanced hierarchical structures atop the subnets.</p>
<p>During a Bittensor Meetup at Token2049, foundation members talked about EVM compatibility. In a post-event review, Tensorplex Labs’ @Xponentcrisis mentioned that the EVMs would greatly benefit DeFi, allowing subnet operators to explore new levels of orchestration to advance their initiatives.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="12.31976744186">
<p lang="en" dir="ltr">Some highlights from the Bittensor event this morning:</p>
<p>– Many ETH veterans stepping into this ecosystem have found excitement reignited by Bittensor’s incentive framework – which fosters the development of ecosystems focused on a decentralized objective function – reminiscent of their initial enthusiasm for smart contracts…</p>
<p>— xponentcrisis (@xponentcrisis) <a href="https://twitter.com/xponentcrisis/status/1836800604804665764?ref_src=twsrc%5Etfw">September 19, 2024</a></p></blockquote>

<p>The price of the token has experienced continual growth over the past few weeks, starting from September 7, only to see a dramatic increase in the last 24 hours. Now the pivotal question is whether it is too late to acquire TAO at this stage.</p>
<h2>Bittensor Price Prediction</h2>
<p>After the recent price escalation that brought the Bittensor token to a peak of $580, a minor pullback has adjusted its price to $555. Although recovery appears likely in the near term, allowing for a potential retest of resistance, a longer correction phase could still unfold.</p>
<p>The Bollinger Bands for the token remain significantly broad, though the price has distanced itself from the upper band, currently moving down towards the midpoint between the upper and lower bands. This trend is pushing it toward a neutral state, yet it remains uncertain whether it will stabilize between the two or continue to decline towards the lower band.</p>
<p><picture decoding="async" class="aligncenter size-full wp-image-579158">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png.webp 1794w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-300x151.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1024x514.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-768x386.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1536x771.png.webp 1536w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201794%20901'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 1794px) 100vw, 1794px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201794%20901'%3E%3C/svg%3E" alt="Bittensor Price Prediction" width="1794" height="901" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1536x771.png 1536w" data-lazy-sizes="(max-width: 1794px) 100vw, 1794px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png"/>
</picture>
<noscript><picture decoding="async" class="aligncenter size-full wp-image-579158">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png.webp 1794w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-300x151.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1024x514.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-768x386.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1536x771.png.webp 1536w" sizes="(max-width: 1794px) 100vw, 1794px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png" alt="Bittensor Price Prediction" width="1794" height="901" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/09/Bittensor-Price-Prediction-1536x771.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px"/>
</picture>
</noscript></p>
<p>Meanwhile, the Relative Strength Index (RSI) for the project had previously surged to 85.72, significantly entering the overbought zone, which is defined as above 70. Since then, the RSI has reeled back down to 62.02, trending towards the neutral level of around 50.</p>
<h2>Bittensor Price Could Experience Further Decline</h2>
<p>Given the token's recent popularity among traders, there could be a rush to purchase on the dip once the RSI falls to 50. In that case, the price may get a renewed opportunity to retest the previous highs. However, if bearish sentiment prevails, the RSI could continue to tumble toward the oversold region, indicating a much steeper drop may be likely.</p>
<p>Currently, most significant cryptocurrencies are showing green on both the weekly and 24-hour charts, but several are beginning to trend red over the past hour, hinting that a bearish wave might be developing this week.</p>
<p>This potential shift could adversely affect TAO’s price, compelling traders to continue selling until the RSI indicates a deeper dip, although this is not yet guaranteed.</p>
<h2>Interesting Alternative to Bittensor</h2>
<p>A promising alternative to Bittensor is Mega Dice (DICE). The DICE token serves as the native cryptocurrency of the Mega Dice casino, a platform hosting over 50,000 registered users and more than 10,000 monthly active participants who collectively wager upwards of $50 million each month.</p>
<p>Mega Dice features a vast assortment of games and a comprehensive range of sports to bet on, and while users could place wagers using cryptocurrencies, they lacked a dedicated token until now.</p>
<p>The DICE token is set to fulfill this need, providing numerous benefits to its holders, including daily rewards based on the casino's performance, access to exclusive NFTs, and early-bird bonuses for those purchasing DICE during the presale.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="12.166666666667">
<p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DICE</a> Launch on Raydium 🚀</p>
<p>We’re thrilled to announce that <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DICE</a> will officially launch on the Raydium DEX on September 30th at 15:00 CET! 🎉</p>
<p>Get ready for the next major advancement in <a href="https://twitter.com/hashtag/GameFi?src=hash&amp;ref_src=twsrc%5Etfw">#GameFi</a> on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a> as we offer unparalleled opportunities and exciting rewards, including exclusive… <a href="https://t.co/qvAND54tbk">pic.twitter.com/qvAND54tbk</a></p>
<p>— Mega Dice Casino (@megadice) <a href="https://twitter.com/megadice/status/1837083656457708000?ref_src=twsrc%5Etfw">September 20, 2024</a></p></blockquote>

<p>DICE aims to become the leading GameFi token within the Solana ecosystem, with crypto YouTuber TodayTrader, who boasts nearly 12k subscribers, speculating that it could easily deliver a "100X" return post-launch.</p>
<noscript></noscript>
<p>It's important to note that the token will be available for presale for just six more days. An announcement on X stated that the DICE token will launch on Solana’s DEX Raydium on September 30, so anyone interested in purchasing should do so before then.</p>
<p>To date, the project’s ICO has raised over $1.87 million, and DICE is currently priced at a mere 0.116056. Purchases can be made using SOL, ETH, or BNB.</p>
<p>Check out the official DICE website here.</p>
<h3>Related Articles:</h3>

                                        <div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
                        <div class="inContentProviderSingle--wrapper">
                            <div class="container">
                                <div class="row mb-lg-3" wp_automatic_readability="6">
                                    <div class="col-12 col-md-8" wp_automatic_readability="7">
                                        <p class="inContentProviderSingle--title">Mega Dice - Newest GambleFi Token</p>
                                    </div>
                                    <!--/.col-md-4-->
                                </div><!--/.row-->
                                <div class="row">
                                    <!-- *******  Desktop Provider Logo ********** -->
                                    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none">
                                        <img decoding="async" class="inContentProviderSingle--img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="Mega Dice" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/04/mega-dice-logo.svg"/><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2024/04/mega-dice-logo.svg" alt="Mega Dice" width="125" height="60"/>
                                    </div>

                                    <div class="col-12 col-md-8">
                                                                                    <ul class="inContentProviderSingle--list">
                                                                                                    <li>Established Crypto Betting Brand</li>
                                                                                                    <li>Featured In Cointelegraph - First Licensed Telegram Casino</li>
                                                                                                    <li>Presale Live Now - megadicetoken.com</li>
                                                                                            </ul><!--/.inContentProviderSingle--lis-->
                                                                            </div>
                                    <!-- *******  Desktop Provider Logo ********** -->
                                    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block">
                                        <img decoding="async" class="inContentProviderSingle--img float-right" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="Mega Dice" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/04/mega-dice-logo.svg"/><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2024/04/mega-dice-logo.svg" alt="Mega Dice" width="125" height="60"/>
                                    </div>
                                </div><!--/.row-->
                                <!--/.row-->
                            </div><!--/.container-->
                        </div><!--/.inContentProviderSingle--wrapper-->
                    </div><!--/.inContentProvider--single-->

    <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Join Our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel to receive timely updates on the latest news</p>
</div></div></div>

</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>