January 27, 2024 10:41 AM | 3 min read
- In the past week, Bittensor gained 35%, pushing its annual gains to 254%.
- Bittensor aims to address AI bias by incentivizing diverse pre-trained models to generate the best responses.
Promoted by Grayscale and backed by artificial intelligence technology, Bittensor TAO/USD is aiming to dominate the AI-powered crypto token space.
What Happened: In the past week, Bittensor reported gains of 35.3%, pushing its year-on-year gain to 254.2%. In comparison, highly followed and trending meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD witnessed a drop of 7% and 21.3% respectively in the same period.
Interestingly, Grayscale sees “signs of adoption” for several AI-related cryptocurrencies.
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