#我在Gate广场过新年 share your personal opinion on $TAO

The TAO project is positioned as an AI distributed neural network. Similar to BTC's total supply, it was initially driven straight up to $50 by miners. At that time, miner costs were around $15, and the official team was mining and selling like miners, causing the price to drop to about $30. Institutions like a16z started to get involved, accumulating chips at costs of $30-50. In 2023, a16z shifted their investment focus from DeFi-public chains to AI, and TAO was included. (This coin is more for tech geeks.) Based on the cost for large players, a 10x exit is possible. It was last pumped to $700, which is 15-20 times higher, then fell back to around $200. Clearly, other large players are positioning, so the next run could push it 7-10 times higher, making a price of $1400-2000 normal during a rally. This coin is very early stage. If you're planning to hold long-term, I suggest not selling any now because the main AI trend hasn't arrived yet. For a bear market bottom, I think around $100 is reasonable.
Let's talk about its sub-network. The sub-network tokens are currently in a game between large players and the project team, not suitable for small retail investors to jump in. TAO hasn't truly exploded yet, and the sub-network doesn't have extra funds to support it. However, the sub-network has a project called SN14, which will lock TAO. If you really want to buy sub-network tokens, buying SN14 is the way to go. Check out SN14, and you'll understand.
TAO
193.6
+3.52%