Is it too late to buy Bittensor? TAO price jumps 17% as TG Casino goes viral – the next big thing?

With the AI ​​crypto narrative back on the menu, the market hunger for AI tokens is growing insatiable, and Bittensor has emerged as the favorite after TAO price surged +17%.

The rise comes amid a return to bullish spring market sentiment, with the rising AI narrative sweeping through the charts once again, in a move reminiscent of major advances for FET and AGIX.

Decentralized AI is the future $TAO to $1000 pic.twitter.com/xhqFowKh8Y

— Johnny (@CryptoGodJohn) December 1, 2023

Traders are extremely bullish on the huge breakout rally, with some even predicting that TAO could rise to $1,000 from here. But with the TAO token now pushing into the triple-digit price range, perhaps a healthy retracement move is on the horizon?

TAO Price Analysis: Is it too late to buy Bittensor as +17% surge fuels new all-time high?

As Bittensor struggles to consolidate support after hitting a new all-time high for the second time in two weeks, TAO is currently trading at a market price of $282 (representing a 24-hour change of -2.36%).

This is because after two rejections of the resistance at $307, a double bottom structure is formed, giving a bullish stance to the TAO price breakout to a new all-time high at $310.

With a higher high on the chart and a lower low emerging from an extremely well-defended localized retracement, TAO price appears poised to move into price exploration as the breakout trading channel remains strong.

In addition to the impressive technical structure, TAO price action continues to be reassured by the ascending support of the 20DMA, currently at $228 – which supports a local lower support level at $230.

Meanwhile, the 200DMA (which was at $79) remains gradually in an uptrend; This reflects growing momentum as the Bittensor outbreak snowballs.

However, despite the double bottom retracement, the RSI struggled to cool down significantly, with the leading indicator at 69 – a bearish signal that suggests the price structure is overbought.

What is worrying is that this is also confirmed by the MACD indicator, which is at -0.36, which is a sign of a minor bearish divergence in the TAO price momentum.

Overall, TAO price appears to be technically strong here, with a well-defended double bottom consolidation likely to see the price attempt to push higher – however, traders should exercise caution as key indicators suggest that TAO price is overextended could be.

In the short term, TAO has an upside target at the all-time high around $310 (possibly +9.15%).

While the downside risk is an imminent threat of a decline to $230 (potentially -19%).

Therefore, TAO price remains faced with a challenging risk-reward structure of 0.48, suggesting that it may now be too late to buy Bittensor in the short term.

While TAO price may not offer immediate opportunities for big returns, a fast-growing Telegram-based crypto casino is exploding in presales as market sentiment turns bullish towards this Rollbit alternative.

Top TAO Price Retrace Alternative? This GambleFi crypto presale just surpassed the $3.2 million mark

With Telegram trading bots and GambleFi dominating the narrative in September, the TG.Casino ($TGC) presale is gaining a lot of attention – it raised $3,200,227 in just a few weeks, so it should be on your radar.

Not just another quick Telegram bot pump and dump, TG.Casino is an intricately designed ecosystem that combines the thrill of the crypto casino world with the decentralized advantage of blockchain.

As a fully licensed casino that integrates seamlessly with Telegram, which has over 700 million users, the reach and potential are undeniable.

The ease of use reinforced by a no-KYC protocol makes it an enticing proposition for both beginners and crypto veterans, as easy onboarding ensures a seamless path to new user growth.

With a range of offerings from thousands of live Telegram casino games, slots and table games to an extensive sports betting offering, a complete experience is assured.

And for those who want to start their journey immediately, the 150% matched deposit bonus on the first deposit plus 500 free spins is the icing on the cake.

From a security perspective, users can have peace of mind – all data and funds are encrypted, ensuring robust protection against potential threats.

The $TGC token not only enables instant transactions, but also serves as the beating heart of this dynamic ecosystem.

Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Tops TAO Price Pump

Things get even more exciting when it comes to pre-sales, as the stake APY on offer is nothing short of spectacular and is a whopping 182%.

Given that over a million tokens were staked within a day of the presale launch, the momentum is palpable.

And a well-designed buyback mechanism ensures price stability and regular rewards, a win-win for the community.

The utility of the $TGC token is another aspect worth highlighting – beyond its primary function in the casino world, its adaptability – be it against gaming credits or other cryptos – expands its potential growth to further levels.

Its role in transactions, from deposits to withdrawals, means its central role in the TG.Casino framework.

How do I buy TG Casino early?

Step 1 – Visit the official website

The first thing you want to understand properly is to go to the official website.

Step 2 – Create a crypto wallet

You need to set up a crypto wallet and it is important to choose a wallet that supports ERC-20 tokens as this meets TGC standards.

Step 3 – Buy ETH or USDT

Next, you will need to buy some Ethereum (ETH) or Tether (USDT) as these are the tokens used to exchange for TGC.

Step 4 – Connect Wallet to Presale Dashboard

Go to the TG.Casino website and click on the “Connect Wallet” button. A pop-up window will appear where investors can select their wallet provider and link their wallet to the presale dashboard.

Step 5 – Buy TG.Casino tokens

Investors will see an order box on the screen where they can select either ETH or USDT (or buy from BSC) to use for the exchange. Investors also need to decide how much TGC coins they want to purchase. The minimum investment is $1,000TGC. After making sure everything is correct, confirm the trade.

Step 6 – Claim the TG.Casino token

Once TG.Casino's presale is over, there will be a Token Generation Event (TGE) where investors can claim their purchased tokens by clicking the “Request” button on the TG.Casino homepage. That's all about buying from TG.Casino.

TG Casino’s unrivaled tokenomics could trigger the biggest GambleFi moonshot

To summarize: TG.Casino ($TGC) presale is not just an opportunity; It's a front row ticket to the future of Telegram GambleFi.

With the offering of tokenomics – equitably distributed across pre-sales, liquidity pools, staking rewards and player rewards – and the additional boost of TG Casino's eye-popping 182% APR, this project is poised to become a big name in the GambleFi industry.

Its mix of a comprehensive ecosystem, enticing financial benefits and a user-centric approach make it an enticing prospect. But as always, arm yourself with research and you'll be in for a successful venture!

Dive into the TG.Casino pre-sale now.

Buy $TGC here

Disclaimer: Crypto is a high risk asset class. This article is for informational purposes and does not constitute investment advice. You could lose all of your capital.

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