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$TAO, a core native cryptocurrency of Bittensor protocol, is among the top performers in the mid-cap segment now. The community is discussing the prospects of $TAO airdrops while AI cryptos are rocketing again.
Bittensor ($TAO) jumps by 21%, market cap smashes $2.1 billion
Today, Jan. 25, 2024, Bittensor ($TAO) cryptocurrency is outperforming all of the largest AI coins. In less than 24 hours, $TAO price spiked by 21% and set new local high over $370. An all-time high of $TAO prices was registered on Dec. 14 over $394.
$TAO jumps by 21%">Aggregated capitalization of $TAO cryptocurrency exceeded $2.1 billion, which makes it CoinGecko's largest AI cryptocurrency. The closest rival, Render Network (RNDR), has more than a 30% lower market capitalization.
By press time, the price of $TAO stabilized around $345 on major spot exchanges. In the last 24 hours, $TAO market trading volume added 62% and exceeded $21 million in equivalent; MEXC, KuCoin and Gate.io are responsible for 90% of it.
In total, the AI cryptocurrency segment increased its capitalization by 8.7% overnight. At the same time, this upsurge is driven by low-caps.
All of the leaders - Fetch.AI (FET), Akash Network (AKT) and Singularity.NET (AGIX) - are in the red today. By contrast, InSure DeFi (SURE) and Aleph.im (ALEPH) added over 50% in one day.
Scam alert: $TAO airdrop scams are on fire
The upsurge of price and net trading volume for Bittensor ($TAO) might be associated with the rumors about $TAO airdrop potential. However, the team did not confirm its plans to organize yet another distribution of the tokens that are already available on Tier 1 CEXes.
As such, cryptocurrency enthusiasts should be particularly cautious. Numerous websites and X (formerly Twitter) accounts are promoting lucrative $TAO airdrop claim opportunities.
All of them might be phishing campaigns targeted at stealing money from cryptocurrency wallets.
The net capitalization of crypto markets added 0.3% in the last 24 hours.