understanding TAO
Post
--Bullish
K线人生飞哥
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Talk about personal views on $TAO
The TAO project is positioned as an AI distributed neural network, with a total supply similar to BTC. At the beginning of its launch, it was straightened out by miners to $50. At that time, the miners' cost was $15. The official team mined and sold it just like the miners, causing the price to drop to around $30. The institution a16z began to layout, purchasing a lot of chips at a cost of $30-50. In 2023, a16z started shifting its investment focus from DeFi public chains to AI, and TAO was included. (This token belongs to the tech geek type.) From the cost of the market makers, it can be inferred that a 10x sell-off is possible. Last time, it was pumped to $700, achieving a 15-20x increase, then it dropped back to around $200. It's clear that other market makers are coming in, so the next big move will likely raise it to 7-10 times. Therefore, during bullish market conditions, a price range of $1400-2000 is normal. This token is very early-stage; if you plan to hold long-term, I suggest not selling any right now, as the main theme of AI hasn't arrived yet. I think the bottom price during the bear market could be around $100.
Now let's talk about its subnet. The subnet tokens are currently in a stage of competition between market makers and the project party, and it's not something small retail investors can get involved in. TAO has not really exploded yet, and the subnet does not have excess funds to accommodate it. However, there is a project called SN14 in the subnet, which will lock up TAO. If you want to buy into the subnet, you should buy SN14; just go check out SN14 and you will understand.
The TAO project is positioned as an AI distributed neural network, with a total supply similar to BTC. At the beginning of its launch, it was straightened out by miners to $50. At that time, the miners' cost was $15. The official team mined and sold it just like the miners, causing the price to drop to around $30. The institution a16z began to layout, purchasing a lot of chips at a cost of $30-50. In 2023, a16z started shifting its investment focus from DeFi public chains to AI, and TAO was included. (This token belongs to the tech geek type.) From the cost of the market makers, it can be inferred that a 10x sell-off is possible. Last time, it was pumped to $700, achieving a 15-20x increase, then it dropped back to around $200. It's clear that other market makers are coming in, so the next big move will likely raise it to 7-10 times. Therefore, during bullish market conditions, a price range of $1400-2000 is normal. This token is very early-stage; if you plan to hold long-term, I suggest not selling any right now, as the main theme of AI hasn't arrived yet. I think the bottom price during the bear market could be around $100.
Now let's talk about its subnet. The subnet tokens are currently in a stage of competition between market makers and the project party, and it's not something small retail investors can get involved in. TAO has not really exploded yet, and the subnet does not have excess funds to accommodate it. However, there is a project called SN14 in the subnet, which will lock up TAO. If you want to buy into the subnet, you should buy SN14; just go check out SN14 and you will understand.