🔥TAO has surged strongly after a sharp drop, here are 5 compelling reasons to be optimistic, the AI token is awakening. 1⃣AI market cap leader: $9 billion FDV, ranked 28th. After the sharp drop on November 11, it quickly rebounded, showing strong resilience, with trading volume increasing instead of decreasing. 2⃣Halving narrative: Production will be halved on December 11, creating a narrative similar to BTC's halving hype. 3⃣Grayscale is bullish and setting the tone: Firstly, the TAO trust is opening private placements to qualified investors. Secondly, its subsidiary Yuma has established two TAO subnet investment funds totaling $10 million. 4⃣TAO version of MicroStrategy goes live: TAOX has completed a new round of $11 million in private financing, with early investor DCG participating. The response is not as strong as ETH or SOL, but at least it exists. 5⃣Subnet re-registration begins: Over the weekend, the TAO network started a process of elimination, roughly understood as underperforming Ethereum Layer 2s being removed, with new players bringing in capital to fill the gaps. There is significant room for speculation here, which can boost network activity. The subnet market cap hitting bottom can also easily lift the subnet, enhancing the mainnet's activity. ⚡️It's hard to predict how TAO's price will move in the short term, but the traces of these operations in the news are clear: the goal is to make TAO a top AI player that spans both Crypto and Wall Street, and we will wait and see. #tao #Bittensor @opentensor