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TAO price gains 5% as AI crypto segment posts broad rally

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Aave Price Bullish
Aave Price Bullish
  • Bittensor (TAO) price gained 5% to intraday highs of $241.
  • TAO rose as AI tokens rallied, with Render and Virtuals Protocol also up.
  • Bulls target a breakout, with $240 as support amid potential macroeconomic tailwinds.

Bittensor’s TAO token was showing strong bullish momentum as the artificial intelligence-linked cryptocurrency segment recorded notable gains.

TAO ranked among the top performers over the past 24 hours, with traders eyeing a potential breakout above the $240 level.

Beyond the broader AI narrative, improving market sentiment ahead of key macroeconomic events and earnings releases has helped drive renewed interest in the decentralised AI token.

Bittensor price touches $240

Bitcoin’s move to above $90,000 on Wednesday, and Ethereum’s uptick to $3,000 headlined crypto stories in early trading sessions on January 28.

An anticipated Federal Reserve decision and Big Tech earnings, which highlight this week’s events, helped put risk assets back into an upward trajectory.

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As the top coins heave at resistance levels, Bittensor and other AI tokens rallied.

TAO price jumped 5% as derivatives signalled retail interest, with trading volumes spiking alongside heightened open interest in futures markets.

Having retested the $240 level and briefly touched $241, bulls are likely to regroup and power to new intraday highs.

Macroeconomic tailwinds could catapult TAO higher.

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TAO gains as AI tokens rally

Bittensor was not the only AI-linked token to post gains on the day.

Rallies in Render, Virtuals Protocol and the Artificial Superintelligence Alliance placed all three among the top gainers within the top 100 cryptocurrencies by market capitalisation.

RENDER, VIRTUAL, and FET rose between 5% and 9% over the past 24 hours, while smaller tokens such as Oasis, AI Companion and Kite recorded sharper advances.

The broad-based move higher points to a renewed upswing in the AI crypto segment, underscoring the strength of the sector’s narrative, with Bittensor continuing to stand out through its subnet-based ecosystem.

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Improving sentiment across the category suggests potential accumulation, with large holders showing interest as asset managers roll out investment products that provide exposure to AI-focused digital assets.

Bittensor price forecast

Bittensor’s architecture incentivises AI model contributions via competitive subnets, which is driving adoption and value accrual.

Technical patterns signal a potential bullish breakout, with support targets above $240 likely if bulls dominate on strong volume.

Bittensor TAO Price Chart
TAO price chart by TradingView

On the 4-hour chart, Bittensor sports positive momentum indicators, including RSI recovery and MACD.

The latter paints a bullish crossover pattern, suggesting taking out bears above $240 might be pivotal for buyers.

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On the flip side, support lies around the $235-$230 area. Bulls will be eyeing the artificial intelligence narrative and the Fed.

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Crypto World

Riot stock jumps roughly 7% as Starboard pushes $1.6 billion AI data center shift

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Bitcoin (BTC) mining stocks rallied in January despite softer BTC prices: JPMorgan

Shares of Riot Platforms (RIOT) rose nearly 9% Wednesday after activist investor Starboard Value LP released a letter pressing the company to accelerate its transition from bitcoin mining to AI infrastructure provider. The aim is for Riot to pursue high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals.

Riot’s 1.7 gigawatts of fully available power capacity make the company “well positioned to execute high-quality AI/HPC deals,” said Starboard, highlighting two of Riot’s Texas-based sites, Corsicana and Rockdale, as “premier” locations for data center development.

Starboard said that if Riot can monetize its power in line with recent transactions in the space, “it could generate more than $1.6 billion” in annual EBITDA. The group praised Riot’s recent deal with AMD, which is projected to yield $311 million over 10 years.

With a market cap of $4.25 billion, Texas-based Riot is the fifth-largest bitcoin mining company in the U.S. Its shares have risen by 19% in the past year, but remain lower by about 80% from highs hit during the 2021 bitcoin bull market. They’ve also underperformed miners like IREN, Cipher Mining, and Hut 8, which were quicker to recognize and transition to AI strategies.

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Starboard was Riot’s fourth-largest shareholder as of the end of last year, and this isn’t its first push on the company. In December 2024, Starboard requested that Riot convert some of its bitcoin mining sites into data centers capable of hosting HPC machines to support big tech companies.

While Riot Platforms has built its business around bitcoin mining, the pivot toward AI infrastructure could diversify revenue as power-hungry models like OpenAI’s GPT-4o and others drive data center demand. Riot’s power access, a rare commodity in the current energy-constrained data center market, could be used to lease capacity to major AI firms.

Starboard urged CEO Jason Les and Executive Chairman Benjamin Yi to act “with urgency” and position Riot as a long-term infrastructure provider for AI workloads.

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OpenAI Researches AI Agents Detecting Smart Contract Flaws

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OpenAI Researches AI Agents Detecting Smart Contract Flaws

OpenAI has launched a new benchmark that evaluates how well different AI models detect, patch, and even exploit security vulnerabilities found in crypto smart contracts.

OpenAI released the “EVMbench: Evaluating AI Agents on Smart Contract Security” paper on Wednesday, in collaboration with crypto investment firm Paradigm and crypto security firm OtterSec, to evaluate how much the AI agents could theoretically exploit from 120 smart contract vulnerabilities.

Anthropic’s Claude Opus 4.6 came out on top with an average “detect award” of $37,824, followed by OpenAI’s OC-GPT-5.2 and Google’s Gemini 3 Pro at $31,623 and $25,112, respectively.

Detect awards won by AI agents. Source: OpenAI

While AI agents are becoming increasingly efficient at handling basic tasks, OpenAI said it is becoming more important to evaluate their performance in “economically meaningful environments.”

“Smart contracts secure billions of dollars in assets, and AI agents are likely to be transformative for both attackers and defenders.”

“We expect agentic stablecoin payments to grow, and help ground it in a domain of emerging practical importance,” OpenAI added.

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