12:30 p.m
3
min reading ▪ acc
The crypto market is currently experiencing a period of strong growth, mainly due to the impressive performance of FET and TAO tokens. Both of these cryptocurrencies have seen significant gains recently and have attracted the attention of investors and industry analysts.
FET and TAO: rising stars of the crypto market
FET, the crypto token of the Fetch.AI project, saw a dramatic increase in its value in September 2024. This increase is attributed to several factors, including the reduction in interest rates by the Fed and strong support for artificial intelligence, which FET benefits from. FET hit $1.63, the highest since June, with an impressive 127% increase in one month.
Bittensor’s TAO token has also seen a remarkable increase in value. The announcement of new artificial intelligence features in Apple’s iPhone 16, in addition to rate cuts, contributed to this increase and fueled optimism around AI-driven cryptocurrencies. TAO is up 28% during the month, with the price trading around $459.
Outlook for the future
The rise of Fetch.ai (FET) and Bittensor (TAO) highlights the growing importance of AI in cryptocurrencies. In 2025, FET is expected to be between $3.83 and $4.10, while TAO is between $749 and $890, with a potential value of $848.42. These predictions show significant growth potential for both cryptocurrencies and are attracting the attention of investors looking to take advantage of technological advances in artificial intelligence.
However, investors should remain cautious and well-informed as the crypto market is known for its volatility. This was recently confirmed by a famous investor who lost $43 million betting against Bitcoin this year.
The recent rise of FET and TAO tokens illustrates the growing investor appeal of AI cryptocurrencies. However, they must closely monitor developments in this emerging industry to take advantage of the opportunities this technological revolution offers.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The world is evolving and adaptation is the best weapon to survive in this wavy universe. Essentially a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.