Bitcoin Advocate Slams AI Coin, Doubles Down Against Community Backlash: 'I Will Outlast Every One Of You'
Portfolio Pulse from Ivan Crnogatić
Eric Wall, co-founder of Taproot Wizards, criticized Bittensor (CRYPTO: TAO) on X, calling it a 'pointless exercise in decentralization' and questioning its utility and tokenomics. Despite Wall's critique, Bittensor has seen an 800% increase year-over-year but fell 15% in the past 30 days. It recently rose 4.5% in 24 hours. The debate highlights differing opinions on the utility of AI coins, with some agreeing with Wall and others defending Bittensor. Other AI coins like Render, Fetch, and Near Protocol are tipped for growth in 2024.
April 02, 2024 | 1:29 pm
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POSITIVE IMPACT
Fetch (FET) is identified as a potential growth AI coin in 2024.
Fetch (FET) being highlighted for potential growth in 2024 suggests a positive outlook and could drive investor interest towards this AI coin.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Near Protocol (NEAR) is tipped for strong growth among AI coins in 2024.
Near Protocol (NEAR) being mentioned as a frontrunner for growth among AI coins in 2024 indicates a bullish outlook, likely attracting investor attention.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Render (RNDR) is mentioned as one of the AI coins tipped for strong growth in 2024.
Mentioned alongside other AI coins expected to perform well, Render (RNDR) is positioned as a strong growth candidate for 2024, potentially attracting investor interest.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Bittensor (TAO) criticized by Eric Wall for lack of utility, yet it's up 800% YoY and recently gained 4.5% despite a 15% drop over 30 days.
The critique from a prominent figure like Eric Wall could have led to a negative impact on Bittensor's price. However, the asset has shown resilience with an 800% increase YoY and a recent 4.5% gain, indicating strong investor confidence despite the criticism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100