Yuma Launches Fund for Bittensor Ecosystem Exposure
- Fund Launch: Yuma's Total Market Fund provides institutional investors diversified exposure to the Bittensor ecosystem, simplifying access to its 128 subnets and aiming to attract more asset managers into decentralized AI investments.
- Market Value Analysis: While Yuma claims the combined value of Bittensor's 128 subnets exceeds $900 million, data from network tracker Taostat indicates a closer value of around $300 million, a discrepancy that may affect investor confidence and decision-making.
- Token Market Dynamics: The native token TAO has a market capitalization nearing $2.4 billion, and as institutional interest in decentralized AI grows, Grayscale previously increased TAO's allocation in its Decentralized AI Fund to 43%, though it has since fallen to about 20%.
- Regulatory Developments: Bitwise has filed for a TAO Strategy ETF with the SEC, while Grayscale plans to convert its existing Bittensor Trust into a spot TAO ETF for potential listing on NYSE Arca, indicating ongoing asset manager interest in TAO.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 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 | 0.00667 | 0.0121 | 0.0163 | 0.0217 | 0.0259 | 0.0313 | 0.0355 |
| Fibonacci | 0.0121 | 0.0158 | 0.0181 | 0.0217 | 0.0254 | 0.0277 | 0.0313 |
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