TAO Rises 21% in a Week, Reaching a Price Level Last Seen in April 2024

While the broader crypto market struggled to recover following the escalation of geopolitical tensions, Bittensor emerged as one of the few assets showing significant gains.

Top crypto asset gained over 20% last week, countering the broader market trend

This week’s Top 30 Trending Coins on CoinGecko feature a diverse range of assets, including some surprising entries.

Key Points:

Bittensor (TAO) continued its rally, rising by 21.9% over the past 7 days.

Despite the geopolitical tensions, several crypto assets managed to post gains.

Bitcoin and Solana both experienced a week of losses, with BTC dropping by 5.2% and SOL declining by 7.6%.

After a week of relative calm in the crypto market, some assets surprised traders with substantial gains, while others, like Bitcoin and Solana, faced losses.

Top 30 Trending Coins on CoinGecko

This week, several crypto assets stood out with their impressive performance, grabbing the attention of traders.

According to CoinGecko’s Top 30 Trending Coins, SUI emerged as the top gainer, climbing to first place from second last week. Next in line were MOODENG and TAO, both making significant gains.

Are you bullish on any of these?

This list highlights the assets that趋势ed the most on CoinGecko over the past week, showcasing the ever-changing landscape of the crypto market.

Top Crypto Asset Gained Over 20% Last Week

While the broader crypto market grappled with the impact of geopolitical tensions, Bittensor (TAO) bucked the trend, emerging as one of the few assets to notcheremarkable gains. Over the past 7 days, TAO surged by 21.9%, sparking interest among traders.

TAO Commenced the week at a price of $448. However, it embarked on a steady climb, reaching $481 on October 3. But the asset later exhibited volatility, slipping below the $500 mark and hitting $481.

Despite the downturn, Bittensor managed to recover, rising to $598 on October 5. At the time of writing, TAO is valued at $560, showcasing a significant gain of over 20%.

For more insights on the recent performance of AI-related tokens, check out our analysis of how crypto narratives have shifted over the past month.

Bitcoin, Solana Faced Losses

Bitcoin was a focal point for many traders this week due to its sudden price movements. On September 29, BTC was trading at $65,955, but by October 2, it nearly lost the $60,000 support level, falling to $60,773.

While some altcoins showed resilience, Bitcoin continued to trend downward, recording a 5.2% decline for the week. Despite the downtrend, BTC managed to hold above the $60,000 mark, indicating potential support at this level.

For a deeper analysis of Bitcoin’s potential price trajectory, read our report on what to expect from BTC shortly.

Solana also faced a challenging week, recording a 7.6% loss. According to CoinGecko data, SOL’s price chart mirrored Bitcoin's, with a steep decline at the beginning of the week. On September 30, Solana was valued at $160.4, but by October 1, it dropped to $143.99.

The decline continued through October 3, when SOL fell from $150 to a weekly low of $134.75. Although the token managed to recover slightly, rising above $140, it has yet to reclaim its previous levels.

Can Solana return to $170 soon? Check out our detailed piece to find out.

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