Coinbase Introduces Bittensor, Toncoin, Tellor Perpetual Futures

• Coinbase will support Bittensor, Toncoin, and Tellor perpetual futures on July 25, 2024.
• Grayscale’s AI Fund drives bullish sentiment for AI-themed tokens like Bittensor and Render.

Coinbase International Exchange has announced that its platform will now offer Bittensor (TAO), Toncoin (TON), and Tellor (TRB) perpetual futures. The TAO-PERP, TON-PERP, and TRB-PERP markets will launch on July 25, 2024, at or after 9:30 a.m. UTC.

@CoinbaseIntExch will add support for Bittensor, Toncoin, and Tellor perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our TAO-PERP, TON-PERP, and TRB-PERP markets will begin on or after 9:30am UTC 25 JUL 2024. $TAO $TON $TRB pic.twitter.com/cKYud97tet

— Coinbase International Exchange (@CoinbaseIntExch) July 18, 2024

User Optimism Surges for Toncoin and Bittensor After Grayscale’s AI Fund Announcement 

This news has received excellent feedback from users, with many expressing optimism for Toncoin (TON) and Bittensor (TAO). Following Grayscale’s announcement of a new decentralized AI Fund for authorized investors, interest in AI-themed coins such as TAO has grown significantly.

According to prior CNF reports, this fund embraces significant AI tokens like RNDR, NEAR, FIL, LPT, and TAO while combining blockchain technology and artificial intelligence.

We have also highlighted the emerging AI network Bittensor, which has made considerable progress with its Masa subnet.

This subnet is intended to attract more than 1.5 million users and has the subnet’s first dual-token incentive system. At the time of writing, TAO is trading at $327.93, up 3.78% over the last 24 hours and 35.44% in the last seven days.

Besides, Captain Faibik, a well-known crypto analyst, predicts that TAO will rally much further. In the chart he shared, the analyst sees potential for more gains if TAO can break through the upper boundary of the Descending Channel pattern, with $800 as its mid-term target.

Meanwhile, another AI token, Render (RNDR), has good mid-term technical prospects, according to one macro analysis. This performance demonstrates the growing interest and investment in AI-related blockchain projects, propelling the market to new heights.