TAO、Bittensor 和分析师的乐观情绪：是什么推动了这种讨论？

分析师看好 TAO (Bittensor)，认为结构弹性、机构支持和即将到来的减半是潜在复苏和增长的关键驱动力。

The buzz around TAO (Bittensor) is palpable, and analysts are increasingly optimistic about its future. Let's dive into the key factors fueling this sentiment.

围绕 TAO（Bittensor）的热议显而易见，分析师对其未来越来越乐观。让我们深入探讨一下助长这种情绪的关键因素。

TAO's Resilience and Recovery Potential

TAO 的弹性和恢复潜力

Despite recent pullbacks, TAO has demonstrated structural resilience, catching the attention of technical analysts. Satoshi Flipper pointed out a descending channel formation, suggesting it's "another chance to pick up cheap TAO." The Relative Strength Index (RSI) rebounding from oversold levels further supports a potential short-term reversal. Adding to the bullish outlook is the upcoming halving event, which is expected to further boost TAO's value.

尽管最近出现回调，但 TAO 仍表现出结构弹性，引起了技术分析师的关注。 Satoshi Flipper 指出了下降通道的形成，暗示这是“另一个买入廉价 TAO 的机会”。相对强弱指数（RSI）从超卖水平反弹进一步支持潜在的短期反转。即将到来的减半事件增添了看涨前景，预计将进一步提升 TAO 的价值。

Johnny, taking a broader view, noted that TAO had completed a clean retest near the $400 region, indicating a retest of support levels. This analysis aligns with key volume clusters, suggesting accumulation before a potential push toward the $460 resistance band.

Johnny 采取更广泛的观点，指出 TAO 已经完成了 400 美元区域附近的彻底重新测试，表明重新测试了支撑位。该分析与关键成交量集群一致，表明在可能推向 460 美元阻力带之前应进行吸筹。

Altcoin Sherpa highlighted a confluence of signals around the 200-day Exponential Moving Average (EMA), describing it as an ideal area for a bounce. Fibonacci analysis placed retracement support between $367 and $341, reinforcing confidence in the structure's ability to hold.

山寨币 Sherpa 强调了 200 天指数移动平均线 (EMA) 周围的信号汇合，将其描述为理想的反弹区域。斐波那契分析将回撤支撑置于 367 美元至 341 美元之间，增强了对该结构持有能力的信心。

Institutional Backing: A Strong Foundation

机构支持：坚实的基础

The improving technical setup is complemented by increasing institutional interest. Connecticut Innovations' investment through Yuma Asset Management's subnet funds marks one of the first state-backed entries into decentralized AI infrastructure. This move offers investors direct exposure to subnet economies within the Bittensor network.

不断提高的机构兴趣补充了不断改进的技术设置。 Connecticut Innovations 通过 Yuma Asset Management 子网基金进行的投资标志着国家支持的首批进入去中心化人工智能基础设施的项目之一。此举为投资者提供了直接接触 Bittensor 网络内子网经济的机会。

Yuma's funds, structured like traditional market composites, track active subnets by market weight, providing a structured approach to TAO's expanding ecosystem. Earlier, TAO Synergies completed an $11 million private placement, further solidifying institutional confidence.

Yuma 的基金结构类似于传统市场组合，按市场权重跟踪活跃子网，为 TAO 不断扩大的生态系统提供结构化方法。此前，TAO Synergies 完成了 1100 万美元的私募，进一步坚定了机构信心。

Bittensor's Grand Vision: A Decentralized AI Economy

Bittensor的宏伟愿景：去中心化的人工智能经济

Bittensor isn't just aiming to be a decentralized OpenAI; it's building a decentralized AI economy. The introduction of dynamic TAOs (dTAOs) has fundamentally changed the ecosystem, shifting reward distribution to a fully market-driven system. This allows each subnet to develop an independent, capital-driven economy.

Bittensor 的目标不仅仅是成为一个去中心化的 OpenAI；它正在建立一个去中心化的人工智能经济。动态 TAO（dTAO）的引入从根本上改变了生态系统，将奖励分配转变为完全市场驱动的系统。这使得每个子网都可以发展独立的、资本驱动的经济。

Bittensor competes with centralized AI platforms by providing the infrastructure to build diverse AI use cases. It targets the entire AI value chain, including computing infrastructure, data validation, model training, and the peer-reviewed intelligence layer. This positions Bittensor as a foundational platform for decentralized AI, with a total addressable market far exceeding that of any single proprietary AI company.

Bittensor 通过提供构建多样化 AI 用例的基础设施来与集中式 AI 平台竞争。它针对整个人工智能价值链，包括计算基础设施、数据验证、模型训练和同行评审的智能层。这使得 Bittensor 成为去中心化人工智能的基础平台，其潜在市场总量远远超过任何单一专有人工智能公司。

Subnet Tokens: An Overlooked Opportunity

子网代币：一个被忽视的机会

Subnet tokens are emerging as a key component of the Bittensor ecosystem. Denominated in TAO and determined by liquidity ratios in automated market maker (AMM) pools, these tokens incentivize miners to host and run AI models. The more growth you see over different timeframes, the higher the demand. If they maintain high issuance and the businesses surrounding the subnet generate revenue from the services and products they provide, the price of the subnet token is likely to continue to rise.

子网代币正在成为 Bittensor 生态系统的关键组成部分。这些代币以 TAO 计价，并由自动做市商 (AMM) 池中的流动性比率确定，激励矿工托管和运行人工智能模型。在不同时间范围内看到的增长越多，需求就越高。如果他们保持高发行量，并且子网周围的企业从他们提供的服务和产品中产生收入，那么子网代币的价格可能会继续上涨。

BlockDAG Spotlight

区块DAG 聚焦

While TAO and Bittensor garner attention, projects like BlockDAG are also capturing investor interest. With its F1 partnership, BlockDAG puts BDAG in front of millions globally, creating visibility and legitimacy that few other presale tokens can match. The limited-time $0.0015 price is a rare chance to join an ecosystem already thriving with 312K holders, 3M X1 users, and a rapidly expanding DAG-based Layer-1 infrastructure.

在 TAO 和 Bittensor 引起关注的同时，BlockDAG 等项目也吸引了投资者的兴趣。通过与 F1 的合作，BlockDAG 将 BDAG 置于全球数百万人面前，创造了其他预售代币无法比拟的知名度和合法性。限时 0.0015 美元的价格是加入生态系统的难得机会，该生态系统已经拥有 312K 持有者、3M X1 用户和快速扩展的基于 DAG 的 Layer-1 基础设施。

The Bottom Line

底线

With strong technical indicators, increasing institutional backing, and a clear vision for a decentralized AI future, analysts are understandably optimistic about TAO. Of course, crypto is never a sure thing, but with the buzz around TAO, it's hard not to feel like something big is brewing. So, keep your eyes peeled and maybe, just maybe, we'll all be sipping margaritas on a TAO-funded yacht someday!

凭借强大的技术指标、不断增加的机构支持以及对去中心化人工智能未来的清晰愿景，分析师对 TAO 持乐观态度是可以理解的。当然，加密货币从来都不是一件确定的事情，但随着 TAO 的热议，很难不让人感觉有大事正在酝酿。所以，请擦亮眼睛，也许，只是也许，有一天我们都会在 TAO 资助的游艇上喝玛格丽塔酒！