The top 20 coins are showing positive momentum today as Bitcoin reclaims $97k. DeXe (DEXE) led the market with a 30 percent increase, followed by SPX6900 and Fartcoin. Some tokens also jumped from the red zone to the green zone on good news. A leading market maker announced an investment in TAO Cat. Following this development, the altcoin price made a vertical ascent.
DWF Labs announces investment in TAO Cat, altcoin jumps!
As you have been following on Kriptokoin.com, the market has been calm after the recent bullish move. However, there are tokens that are challenging this calm. Giant market maker DWF Labs announced that it has invested $20 million in TAO Cat from its AI Agent Fund. According to the introduction, TAO Cat is Bittensor’s first self-developed AI agent. In this context, DWF Labs made the following statement:
We are excited to announce that we have invested in TAOCAT Agent as part of our $20 million AI Agent Fund dedicated to supporting the next generation of AI Agents.
With the impact of this development, TAOCAT price started to move north. The altcoin price jumped to $0.54 from its intraday low of $0.40. The token price was hovering around this level at the time of writing. At some point in time, TAOCAT was changing hands at $0.53, up more than 24% on a daily basis. Meanwhile, the token’s trading volume also saw a phenomenal increase of 521%. This shows the intense interest of investors and traders in the token.
Crypto market update!
Crypto prices are showing bullish momentum today, with Bitcoin reclaiming the $96,000 level. The top 20 coins by market capitalization traded in green. They also showed overall positive trends. DeXe (DEXE) was the top gainer, up 30% in the last 24 hours. SPX6900 (SPX) followed closely behind with a 27% increase. Fartcoin was one of the top gainers today, jumping 25%.
The global crypto market capitalization rose nearly 2% to $3.41 trillion. Trading volumes also rose 30% to $121 billion in the last 24 hours. The Fear and Greed Index currently stands at 57. This indicates a neutral sentiment among investors. Bitcoin’s recent rally has sparked renewed optimism, with most altcoins gaining momentum.
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