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TARS AI is Soaring, up 20% Today: Reasons for TAI Surge and Outlook

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
June 7th, 2024
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

The native token of TARS AI, TAI, has increased by 19.21% today and 55% over the last seven days. The trading volume has surged by 683.92% in the last 24 hours, with one TAI valued at $0.1971 at the time of writing.

TAI’s all-time high was $0.2442, recorded on June 6, 2024. Following a decrease, the price is again rising as of June 7. This article will explore the reasons behind TAI’s surge and assess its sustainability. Will it continue to appreciate, or is a decline imminent? If so, should you consider buying during a dip? Keep reading to find out.

What is TARS AI?

The TARS Protocol has been rebranded as TARS AI. It is now focusing on AI training within the Solana Network and is starting with native GPUs. The platform is exploring various AI verticals and has a goal of reaching a $1.2 trillion valuation within the next two years.

TARS AI is an AI-driven, scalable Web3 modular infrastructure platform that aims to help businesses and individuals transition from Web2 to Web3. The TAI token combines AI solutions with blockchain to address challenges faced by developers, businesses, and individuals in integrating web3 and AI technologies.

Why is TARS AI (TAI) soaring?

TAI has gained value following the announcement of a recent listing and airdrop on Bitpanda. In addition, the platform is concentrating on significant developments that could promote the widespread adoption of TARS AI and other accomplishments.

As per a recent post on X, TARS AI will undergo a rebrand, introduce an incubation program and continuous token burns, focus on blockchain integrations, and expand into regional markets in the next two months.

https://x.com/tarsprotocol/status/1797560470804857294

TAI price predictions

Based on the information provided, we anticipate a short-term reversal of gains, followed by another potential bull run. Wallet Investor is quite optimistic about the price of TAI, predicting a low of $0.793 and a high of $0.814 by the end of 2024.

Coindataflow suggests that TAI could drop to $0.176 this year, but it may climb to $0.354. In 2025, the analysts project a low of $0.317 and a high of $0.952. Moreover, Digital Coin Price forecasts TAI’s price to range from $0.19 to $0.46 in 2024, and from $0.45 to $0.52 in 2025.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.