NFT News by Thebittimes.Com

Bittensor (TAO) has emerged as the top gainer among the top 100 cryptocurrencies as the platform’s development activity hikes.  TAO is up by 18% in the past 24 hours and is trading at $260 at the time of writing. The asset’s market cap surged to $1.59 billion, making it the 50th-largest crypto in the market. Bittensor’s daily trading volume, however, is much lower compared to its market value — currently hovering around the $11 million mark.  TAO price, RSI, social volume and development activity – Jan. 17 | Source: Santiment Last month, TAO reached an all-time high of $392 as the leading five AI tokens recorded massive rallies in 2023. You might also like: Cantor Fitzgerald CEO confirms Tether’s legitimate $86b assets According to data provided by Santiment, TAO’s development activity increased by 37% over the past day. The surge comes for the first time since Dec. 22, 2023, when the asset was trading at around $300. Data shows that Bittensor’s...

Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether's price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased protocol fees, and Ethereum's dominance in the non-fungible token (NFT) market. To assess whether Ether can sustain its $2,000 price point, one must consider the repercussions of Binance's recent regulatory challenges following its plea deal with the U.S. Department of Justice (DoJ). Investor fear drops as Ethereum network conditions improve Binance leads in Ether spot trading volume, accounting for 30% of ETH futures contracts' open interest. The closure of Binan...