Tar Protocol price has plummeted 15% to trade for $0.2540 as of 08:34 am EST on trading volume that soared 65% to $18 million.
This surge comes as Bitpanda, one of Europe’s biggest exchanges, adds TAI to its waiting list with only 24 hours left. The listing aims to capture a broader global AI market.
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Only 1 day left for $TAI to list on one of Europe's biggest exchanges, @bitpanda_global, with over 5.7M+ monthly active users.
This will serve as a key event within the European Expansion for Tars AI as part of a grand scheme of targeting a wider Global AI economy.
Stay tuned. https://t.co/AH0CH0LGgh pic.twitter.com/pc3jk2xgnC
— TARS AI 🤖 (@tarsprotocol) June 6, 2024
Tars Protocol (TAI) is an AI project on Solana that facilitates training AI models, monetizing data and enabling access to powerful GPUs.
Tars Protocol Rebrands To TARS AI
The Protocol has rebranded to TARS AI and is launching its most significant growth campaign. It will focus on major milestones, including strategic acquisitions and the Tars Incubation Program.
TARS Protocol is now TARS AI, embracing AI training on Solana, starting with native GPUs. 🤖
TARS AI is poised to explore various AI verticals, set to reach a $1.2T valuation within the next two years.
AI-Compute on Solana is here ➠ https://t.co/yz9A6lBG4R
— TARS AI 🤖 (@tarsprotocol) June 5, 2024
Further, introducing an AI Super-App and perpetual token burns will enhance its ecosystem as it aims for extensive chain integrations and exchange listings.
Tars is designed to create the Credit Data Network in a Decentralized Society (DeSoc). The platform uses non-custodial, secure and audited smart contracts to provide infrastructure to its crypto users.
This empowers organizations and individuals to gain trust and influence on Web3, as the protocol simplifies the process of building, managing and scaling Web3 projects.
Additionally, Tars Protocol provides other utilities, including TARS Space, Smart SAFT, Claimer, and TARS Dashboard. These tools enable users to use Web3 token economies and manage their portfolios. Crypto users can create their own Web3 Brands through TARS Space and monetize their influence.
TAI Price Prediction
Over the past month, TARS AI’s price has shown significant fluctuations. The cryptocurrency began at around $0.1786 and witnessed an initial upward trend, reaching a peak of approximately $0.2450. This rise marked a substantial increase, reflecting a bullish sentiment in the market.
The noticeable increase in market cap by 8.53% to reach $25,144,904 underscores growing confidence among investors. This market cap and trading volume increase suggests that market participants might capitalise on the lower prices to build positions, anticipating future gains.
Will The Bulls Hit the $0.03?
The Bulls are gearing up to boost the price, aiming to exceed the recently recorded ATH of $0.2820 and keep the bullish momentum.
The technical indicators also signal a bullish trend. The Relative Strength Index (RSI) is above the mean level of 50 and currently sits at 68, reinforcing the overall bullish market.
Further, the Moving Average Convergence Divergence (MACD) is in positive territory, favouring the upward trend. The blue average line crosses the signal line (orange band) slightly above the neutral level. The histograms are also flashing green, adding to the bullish sentiment.
The price currently trades above the 50-day Simple Moving Average (SMA), which supports the upward trend and reinforces positive market sentiment. If the momentum continues, the price could surpass the 200-day SMA.
If the upward trend continues, the price of Tars Protocol could climb even higher, potentially reaching a new high of $0.03 in the coming days.
However, if the bears exert some pressure, they might push the price into a correction. In that case, the $0.0114 support level would provide a stable point for the bulls to regroup.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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