Bittensor spikes 20% after Coinbase announces TAO listing

The Bittensor price increased sharply on February 19 after Crypto Exchange Coinbase announced the list of the native token of the decentralized artificial intelligence network.

As most Altcoins recorded notable gains during the last 24 -hour period, Bittensor (Tao) increased by 20% to reach intrajournnal heights of $ 420. These gains were modest compared to outperforms in the best pieces by market capitalization such as Story, Sonic, Aptos and Floki. However, with two -digit gains, Bittensor ranked among the best performers.

The performance has seen Tao recover the losses it has undergone in recent days when the alts reflected the difficulties of Bitcoin. With 20% on the rise, Bulls suffered most of the losses accumulated during the date of the month, returning to levels observed when the price of bittenseur reacted positively to IA news on Deepseek.

Coinbase to list Tao

A volatility dose has seen Bitcoin bounce over $ 96,000 and the XRP increase by 6% in the news of the Brazil Fund approval on the Brazilian. The cryptocurrencies have negotiated slightly while investors were waiting for the report of the meeting of the Federal Open Market Committee.

This, with the next Bittensor list by Coinbase on February 20, helped push Tao above.

In a announcementThe crypto exchange based in the United States has confirmed that it would add commercial support for TAO to the Bittensor network. The progressive launch will offer trading with the TAO / USD pair.

“Trading will start at 9:00 a.m. at 9 a.m. on February 20, 2025 if the liquidity conditions are met. Once the sufficient offer of this asset is established, trade on our Tao-USD trading pair will be launched in phases, ”wrote Coinbase on X.

Bittensor’s price has also skyrocketed earlier this month after the project has published its dynamic Tao white paper, describing a major upgrade.

Is the Tao on Coinbase list important?

Bittensor is a superior token by market capitalization, currently the second largest behind. In particular, the native token is already listed on Binance, Kraken and other superior exchanges. The Coinbase list is nevertheless key because it could give Bittensor a new traction.

In addition, the project launched in 2019 received support for investments from some of the best capital venture players on the market, notably Pantera Capital, Digital Currency Group and Lyrik Ventures.

Graycale recently noted Bittensor is a crucial project in IA space, because its decentralized model can help increase transparency and democratize access.

According to Grayscale, this is essential in the wake of projects such as Deepseek. Although these initiatives highlight the power and potential of Open Source, the fact that they are centralized companies means that there could be risks such as data security and integrated biases. Another major concern.