TAO (Bittensor) has risen 7.47% in the last 24 hours.

Gate News Bot news, on November 24, according to CoinMarketCap data, as of the time of writing, TAO (Bittensor) is currently priced at $297.34, rising 7.47% in the last 24 hours, with a high of $336.96 and a low of $261.81, and a 24-hour volume of $236 million. The current market capitalization is approximately $3.082 billion, an increase of $214 million compared to yesterday. TAO currently ranks 32nd in the global Crypto Assets market capitalization.

Important news about TAO recently:

1️⃣ TAO ETP listed on the Swiss Stock Exchange The physical-backed and staked TAO exchange-traded product (ETP) launched by the crypto assets exchange Safello has officially been listed on the SIX Swiss Exchange. This product is issued by DDA ETP AG and is traded in USD with the trading code STAO and a management fee of 1.49%. This initiative is expected to enhance the liquidity and accessibility of TAO, providing new channels for institutional investors to participate in TAO investments.

2️⃣ Price fluctuations intensify The price of TAO has experienced significant fluctuations over the past week. On November 17, TAO saw a decrease of 3.00%, with a high of $396.50 and a low of $309.89. In contrast, the latest data shows that TAO has rebounded by 7.47%, reflecting the rapid changes in market sentiment and investors' continued focus on TAO.

3️⃣ Market capitalization ranking changes The market capitalization ranking of TAO has shown a slight rise in the short term. It has climbed from the 33rd position in global crypto assets market capitalization on November 17 to its current 32nd position. Although the change is not significant, this improvement in ranking may reflect an increased confidence in the TAO project within the market.

From a technical perspective, TAO has recently shown strong price volatility, experiencing a rapid rebound after a decline in the short term. The current price has surpassed previous highs, but it remains to be seen whether it can maintain stability and continue to rise. Investors should closely monitor subsequent price movements and volume changes to assess the sustainability of the current rise.

This message does not constitute investment advice; investors should be aware of market volatility risks.