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The Tao token of the Bitensor platform registered an increase of almost 8%, becoming the highest after the UpBit platform, the largest digital currency exchange in South Korea, announced its listing.
This growth has allowed Tao to outperform the broader digital market, which has been under pressure as its total market capitalization has fallen by 2.53% in the past 24 hours.
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Abbit advances TAO trading pairs in the turbulent market
UpBit has confirmed that Tao will be available for trading against three trading pairs: Korean Won (KRW), Bitcoin (BTC) andTether (USDT). Trading is scheduled to begin on February 16 at 16:00 Korea Standard Time (KST). Also, deposits and withdrawals will open in about 90 minutes from the announcement.
Notice stated UpBit platform “Deposits and withdrawals are only supported through the specific network (Tao – Betensor Network). Deposits and withdrawals are not supported by EVM networks. Make sure the network is correct before depositing.”
Following the usual procedures for new listings on the platform, UpBit will implement temporary trade protection measures at launch. The bag will be Limiting the purchase order for about five minutes after the start of the trade.
During the same time window, sell orders with a price more than 10% lower than the closing price of the previous day will be blocked. For about two hours after listing, UpBit will only allow limit orders.
The list caused the price of tau, which strengthened A pattern that is generally observed When tokens get support from new exchanges. After the announcement, the token rose about 8%.
At the time of writing, it was Trading Altcoins At $207.6. In addition, Tao’s rise has pushed it to become the highest earner among the top 100 cryptocurrencies in Queen Gekko.
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The last wave is based on the recent momentum of the symbol. Tao record Exceeded high 21% over the past week after having a mainly downward trend since the beginning of the year.
TAO Price Forecast: What’s Next?
At the same time, the analyst maintains In optimism Towards an AI-focused blockchain. Analyst Michael van de Poppe said Positive view towards Pettensor symbol. He expected at least a “reversion to the mean” towards around $300.
Van de Poppe said that protocols powered by artificial intelligence <> cryptocurrencies should be in every wallet, and he expressed his excitement to add funds to this position. He added his belief that they will see more power in the future from this point, Van de Poppe wrote.
Expect the short-term trajectory of the TAO to depend on whether the momentum generated by the listing turns into a stable trading volume and continued buyer interest. If sentiment in the markets stabilizes and participation remains high, the token’s recovery could extend.
Do that weak momentum or renewed market pressure can limit gains. The ease of access to exchanges also meant that the general conditions of the cryptocurrency market would be a major factor.