Why Analyst Won’t Invest in ‘Worth Less’ Bittensor’s TAO Despite Successful Binance Listing

The recent listing of Bittensor’s TAO token on Binance has sparked both excitement and skepticism within the cryptocurrency and artificial intelligence communities. While some analysts, like Al, are celebrating the milestone and touting the project’s potential, others, like Lord Yayowam, are more cautious about investing in TAO.

Al, in a tweet, highlighted the significance of the Binance listing and the high demand for TAO among users. On the other hand, Yayowam expressed doubts about the real-world utility of TAO and preferred to invest in projects with more tangible usage, such as Render (RNDR).

Yayowam also pointed out that while Bittensor may not be “worthless,” it is “worth less” in comparison to other projects in the AI industry that have secured partnerships with major players like Apple and Nvidia.

As the debate continues among analysts and investors, the future of Bittensor and its TAO token remains uncertain. The contrasting perspectives highlight the challenges and opportunities facing the project as it navigates the evolving landscape of blockchain and artificial intelligence technology.