halvingtao
531 views
3 Discussing
Hot
Latest
Now is the moment to pay attention to #TAO
Most people are talking of how important it is to reclaim 300usd when the crucial figure is 290-295usd. If this retracement holds above 290usd with confidence it builds strength far closer to the 300usd psychological resistance level which in turn creates strong foundations for a subsequent breach and hold above 300usd on the next leg.
Strong fundamentals, growing visibility and scarcity tokenomics that are proven bullish catalysts for other cryptocurrencies. Add to that the almost inevitable upward trajectory of AI and #BittensorTAO position as a key decentralised disruptor to prevent AI hegemony and you have a really powerful long term narrative for HODLers.
All eyes now are on whether TAO will hold onto 290usd and set the stage for a pre-halving bounce that can fuel a strong start to the next chapter of TAO . . . . . or whether this chapter will fizz out quietly after so many bangs.
#halvingTAO #TAOTrading #Ai_sector
Most people are talking of how important it is to reclaim 300usd when the crucial figure is 290-295usd. If this retracement holds above 290usd with confidence it builds strength far closer to the 300usd psychological resistance level which in turn creates strong foundations for a subsequent breach and hold above 300usd on the next leg.
Strong fundamentals, growing visibility and scarcity tokenomics that are proven bullish catalysts for other cryptocurrencies. Add to that the almost inevitable upward trajectory of AI and #BittensorTAO position as a key decentralised disruptor to prevent AI hegemony and you have a really powerful long term narrative for HODLers.
All eyes now are on whether TAO will hold onto 290usd and set the stage for a pre-halving bounce that can fuel a strong start to the next chapter of TAO . . . . . or whether this chapter will fizz out quietly after so many bangs.
#halvingTAO #TAOTrading #Ai_sector
See original
Post-Halving Analysis of TAO: The Implosion-Explosion Effect
The price scenario following a halving event in crypto assets that use the proof of work (PoW) mechanism, such as TAO (in its subnet rewards) and Bitcoin, is rarely an instant increase. Instead, history points to a dynamic of Implosion followed by an Explosion.
Phase 1: The Implosion (1 to 3 weeks post-Halving)
This is the phase of "market cleaning" and can occur immediately after December 12.
Miner/Validator Capitulation: The block reward (issuance) will be reduced by 50%. Less efficient TAO miners and validators or those with tight profit margins may be forced to shut down or sell their remaining reserves (capitulate) to cover operational costs.
Phase 1: The Implosion (1 to 3 weeks post-Halving)
This is the phase of "market cleaning" and can occur immediately after December 12.
Miner/Validator Capitulation: The block reward (issuance) will be reduced by 50%. Less efficient TAO miners and validators or those with tight profit margins may be forced to shut down or sell their remaining reserves (capitulate) to cover operational costs.
Login to explore more contents