Binance effect: TAO jumps 26% before pulling back, but why?

Shortly after Binance announced that it was listing Bittensor [TAO], the price of the token climbed from $576 to $725. This happened

Binance’s listing of TAO has the potential to increase its number of holders, and also improve the token’s volume., the price of the token climbed from $576 to $725. This happened on the 11th of April. However, TAO’s price could not hold on to the upswing and changed hands at $641 at press time.

Apart from that, the trading volume also increased by an amazing 265.60%. If the volume continues to increase as TAO shows signs of recovery, then the value might jump. Positive values indicate a high level of optimistic remarks. On the other hand, negative values suggest otherwise. At press time, the metric jumped to 5.07, confirming a bullish sentiment toward the project.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

26 Must-Haves For Every AdventurerDiscover a curated collection of enchanting Narnia-inspired treasures that will transport you to the magical world of C.S. Lewis.
Read more »

26 Skin Care Products For Those Issues You Didn’t Even Know Had SolutionsBe it acne on your backside or keloid scars, there's a beauty solution in here for you.
Read more »

Jackson has 26 points as Tennessee rips Green BayRickea Jackson scored 26 points and Tennessee rolled past Green Bay 92-63 in the first round of the women’s NCAA Tournament Saturday.
Read more »

Bull run heats up: BlueZilla unleashes BlastFi IDO on 26 MarchBlueZilla, the leading incubator will unlock a new milestone with the BlastFi IDO scheduled for Tuesday, 26th March.
Read more »

Green scores 26 points as Rockets win seventh straight, defeat BullsJalen Green scored 26 points, Dillon Brooks had 23 before he was ejected from the game and the Rockets won their seventh straight, 127-117 over the Chicago Bulls on Thursday night.
Read more »

Multiple Canadian music legends headlining Nova Scotia Stampede Sept. 26-29Explore stories from Atlantic Canada.
Read more »