The Reason Behind the Skyrocketing Price of Tars AI (TAI)

Bittime - TARS AI, a provider of artificial intelligence (AI) infrastructure based on the Solana blockchain, became one of the best performing crypto tokens on August 20. 

The TARS Protocol (TAI) token soared 14.45%, continuing the uptrend that started on August 15 when it hit a low of $0.990 (around Rp. 15,345).

So, what is the reason behind this increase in AI tokens? Let us discuss the reasons behind the skyrocketing price of Tars AI (TAI) in this article. Keep watching, OK!

Reasons Behind Tars AI (TAI) Price Increase

This token increase was triggered by signals from TARS AI developers who plan to release four new AI products in the next 30-60 days. This product will be developed in collaboration with Google.

The news of this collaboration comes several months after the TARS AI network was accepted into Google's Startup Program. The program supports promising start-up companies. Several other crypto projects that are also members of this program include Celo (CELO).

This move is in line with the increasing popularity of AI projects globally. OpenAI has just achieved a fantastic valuation of $80 billion, while Elon Musk's X.ai has a valuation of $24 billion (around IDR 372 trillion).

Also read: DOGS Market Cap Prediction When Listing: Big Surprise in the Crypto World?

TARS AI itself aims to bridge the worlds of AI and Web3. Their infrastructure is designed to help companies and organizations build and deploy conversational applications.

Different from most, TARS AI is a blockchain company that aspires to become a big player in the AI ​​industry. The Artificial Superintelligence Alliance (FET), the largest AI alliance in the blockchain sector, was formed from the combination of Fetch, Ocean Protocol, and SingularityNET.

Several other companies such as Akash Network (AKT) and Render (RNDR) have built infrastructure solutions that allow others to share their Graphics Processing Units (GPUs).

TARS Soared Through Important Support Levels

The price of the TARS AI token rose after touching its lowest point at $0.10 (around Rp. 1,550). This level previously failed to be penetrated throughout June, July and August. 

This increase was also accompanied by price movement above the descending trend line connecting the highest point since June 15.

Token TAI succeeded in reversing the 25-day moving average from resistance to support level. This also cancels the descending triangle pattern. 

Therefore, the token has the potential to continue rising, with the next reference point being at $0.17 (around Rp. 2,655) – the highest point on July 26 and 25% above the highest level on August 20.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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