Ah, the illustrious Coinbase has graced us with the announcement of Bittensor (TAO), sending its token price soaring by a staggering 17%! One might say it’s like watching a catapult launch a potato into the stratosphere—unexpected yet oddly satisfying. The asset’s value has been dancing the cha-cha of volatility for the past month, but lo and behold, it seems to be strutting back onto the bullish runway!
The market for AI tokens, still nursing its wounds from the infamous DeepSeek debacle, is showing faint signs of recovery. One can only hope that the ambient interest in Bittensor and its subnets can keep the momentum high, like a balloon at a child’s birthday party—until it inevitably pops! 🎈
The “Coinbase Effect” Boosts Bittensor
Ah, Coinbase! The grand maestro of crypto exchanges, wielding its influence like a conductor with a baton. Traditionally, when a token is listed, it’s akin to being knighted by the Queen—suddenly, everyone wants a piece of the action! This phenomenon remains true even in the latest listings of 2025.
Today, the “Coinbase Effect” was on full display as Bittensor leaped more than 17% following the announcement. It’s as if the token had just discovered a hidden stash of catnip!
“Coinbase will add support for Bittensor (TAO) on the Bittensor network. Trading will begin on or after 9AM PT on February 20, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our TAO-USD trading pair will launch in phases,” the firm proclaimed via social media, as if announcing the arrival of a long-lost relative.
Bittensor, the leading AI token, has had a price trajectory more complicated than a Russian novel. TAO was looking quite solid in late January, despite the generalized rout in AI-related tokens caused by DeepSeek. It was like a lone wolf howling at the moon while the rest of the pack fled in terror.
However, the altcoin began its descent into the abyss in early February, driven by the wider liquidations. Yet, fear not! Coinbase’s initial listing roadmap and Elon Musk’s audacious bid to purchase OpenAI helped TAO and the AI crypto market find some semblance of stability. It’s like watching a soap opera where the hero miraculously survives against all odds!
Bittensor’s price took a nosedive in early February, and Coinbase only temporarily provided a reprieve by placing the token on its listing roadmap. It’s like giving a thirsty man a single drop of water in the desert—teasing, isn’t it?
Earlier today, Bittensor was one of the most searched altcoins, and Coinbase’s listing announcement is adding further momentum. It’s as if the token has become the belle of the ball, twirling in a dazzling gown!
In short, things are looking bullish for TAO at the moment. Bittensor is already basking in the heightened enthusiasm of the crypto community, and the Coinbase listing has been a shot in the arm—like a double espresso on a Monday morning! ☕
Ambient market pressures in the AI space may or may not have a bearish impact on the asset in the near future. For now, however, it has a plethora of advantages, like a cat with nine lives—let’s see how many it can use!
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2025-02-19 23:06