As a seasoned analyst with over two decades of experience in the tech and finance industries, I must admit that TARS AI’s recent surge is nothing short of intriguing. Having closely followed the evolution of AI and blockchain, I can confidently say that this token’s partnership with Google and upcoming product lineup positions it squarely in the limelight.
On August 20th, TARS AI – an artificial intelligence infrastructure service powered by Solana – ranked among the highest performing cryptocurrency tokens.
The TARS (TAI) digital token experienced a surge of 14.45%, extending an upward trajectory that started on August 15, following its dip to $0.990. This increase was prompted by suggestions from developers regarding four upcoming AI products they intend to unveil in the next 30-60 days, in collaboration with Google.
Previously this year, TARS gained entry into the Google Startup Program. A few of our team members had the opportunity to work with Google for approximately 4 upcoming artificial intelligence (AI) projects that will be unveiled within the following 30-60 days.
We’re developing an entire suite of AI products on a single AI super-app.
Our focus is entirely on AI, and we’re building it all on Solana,…
— TARS AI 🤖 (@tarsprotocol) August 20, 2024
These products will debut several months following our acceptance into Google’s Startup Program, a platform that aids emerging businesses. Notably, Celo (CELO) is one of the other cryptocurrency initiatives within this program.
Two months ago, TARS AI developers unveiled a $2 million fund to back developers within their ecosystem. Now, I’m thrilled to see this latest development, which seems to be in line with the burgeoning global interest in AI projects. Notably, OpenAI has reached an impressive valuation of $80 billion, while Elon Musk’s X.ai is valued at a staggering $24 billion. This growth only underscores the potential of AI and the opportunities it presents for us as crypto investors.
TARS AI strives to recreate its triumph by linking the realms of artificial intelligence and Web3. Its purpose-built structure facilitates businesses and organizations in creating and launching interactive apps, particularly those based on conversation.
Among a select group of blockchain firms, TARS aspires to establish itself as a prominent player within the realm of artificial intelligence. The Artificial Superintelligence Alliance (FET), which dominates this sector, was established through the merger of Fetch, Ocean Protocol, and SingularityNET.
Similar platforms, such as Akash Network (AKT) and Render (RNDR), offer infrastructure solutions enabling individuals to share their Graphics Processing Units (GPUs).
TARS rose after finding key support
The price of TARS AI’s token increased following its lowest point at $0.10, a threshold it previously couldn’t surpass in June, July, and August. As it climbed higher, the token also went above the downward trendline that links the highest price fluctuations since June 15.
The TAI cryptocurrency has switched its 25-day moving average from a level of resistance to one of support, breaking the descending triangle pattern in the process. This suggests that the token might keep increasing, with the next significant milestone to observe being at $0.17 – a peak it reached on July 26 and representing a 25% increase above its August 20 high.
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2024-08-20 18:24