TAO and NEAR Show Major Economic Differences Despite Similar Market Values
- On-Chain Revenue Comparison: NEAR generates an impressive average daily revenue of $118,000 through decentralized finance applications, significantly outperforming TAO's $15,600, highlighting NEAR's robust DeFi ecosystem and activity levels.
- Subsidy to Revenue Ratio: NEAR's subsidy-to-revenue ratio is close to 1, while TAO's ranges from 10 to 50 times, indicating that TAO's economic model heavily relies on the distribution of new tokens, leading to weak revenue growth and impacting investor confidence.
- ETF Application Impact: The joint filing for a spot ETF featuring TAO by Grayscale and Bitwise could channel substantial institutional capital into TAO if approved, enhancing its market visibility, whereas NEAR currently lacks similar regulatory advancements, potentially limiting its market performance.
- Supply and Valuation Discrepancies: With only 45.8% of TAO's tokens in circulation compared to nearly 100% for NEAR, TAO's fully diluted valuation stands at $5.86 billion, nearly double NEAR's $3.08 billion, indicating a significant overvaluation risk for TAO in absolute terms.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0164 | 0.0217 | 0.0252 | 0.0305 | 0.034 | 0.0393 | 0.0428 |
| Fibonacci | 0.0217 | 0.025 | 0.0271 | 0.0305 | 0.0338 | 0.0359 | 0.0393 |
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