Bittensor Halving Scheduled for December 11, Reducing TAO Emissions by 50%
Bittensor's token, TAO, is nearing its first halving, scheduled for December 11, which will reduce daily emissions from 7,200 TAO to 3,600 TAO. This cut is expected to decrease market sell pressure.
- The halving will also adjust Alpha emissions from 14,400 to 10,800.
- Historical trends show that halvings in Bitcoin have led to price rallies due to reduced supply.
- The balance between TAO and Alpha_in will remain stable, minimizing immediate price shocks.
- Analysts anticipate upward price movement if demand remains strong despite reduced daily sales of TAO.
- TAO is currently priced around $337, showing a tightening triangle pattern.
- A breakout above the 20-day EMA could signal a rally towards $440 or higher.
- Failure to maintain support at $300 may lead to retests of $280 or $250.
The upcoming halving event is positioned as a potential catalyst for significant price movement in 2025.