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Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

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Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

1.26%TRX$0.3176 0.35%BCH$442.89 0.32%DOGE$0.09339 0.34%XLM$0.1538 1.45%ETH$2,225 0.40%BNB$603.97 0.48%SOL$84.30 0.55%HYPE$41.81 5.14%XMR$343.14 1.13%XRP$1.34 0.44%ADA$0.2545 0.28%BTC$72,486 0.34%USD Written by Yashu Gola,Staff WriterReviewed by Ray Salmond,Staff EditorBittensor's TAO risks 45% dip amid 'decentralization theater' accusation30 minutes agoTAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past. Bittensor’s TAO token may drop by up to 45% in the coming weeks as Covenant AI, one of its top subnet operators, publicly announced its full exit from the ecosystem. Covenant AI accused Bittensor of being centralized, leading to a 30% drop in TAO prices. Fractals indicate that the token may drop another 25%–45% in the coming weeks. TAO’s price dropped by roughly 30% from its weekly high to around $249. A huge part

Source: https://cointelegraph.com/news/bittensor-s-tao-risks-45percent-dip-amid-decentralization-theater-accusation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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