NEAR and TAO Gain Strength, But Viral AI Fund Gains More in Community and Volume
The AI market is gaining significant traction, with projects like Unilabs, Near Protocol, and Bittensor capturing the attention of major crypto whales and investors. Among these, Unilabs stands out for its revolutionary approach to asset management. The platform eliminates human error using advanced AI tech, allowing it to make highly profitable and rational investment decisions.
As the AI sector heats up, the anticipation around Unilabs grows. With the upcoming launch of Donald Trumps $500 billion AI fund, Unilabs, along with other projects like Near Protocol and Bittensor, stands to benefit from significant investment, potentially fueling further growth and raising the stakes in the industry.
Bitwise Files for a Near Protocol ETF Market Reacts Positively
Bitwise Asset Management has taken a major step in bringing Layer-1 blockchain assets to Wall Street. The major asset manager filed a Form S-1 with the SEC for the Bitwise NEAR ETF. This fund aims to track the price of Near Protocols native token. Coinbase Custody Trust will manage the funds Near Protocol holdings.
This filing is part of Bitwises strategy to offer ETFs focused on altcoins, with other proposed ETFs for XRP, Solana and more. Analysts see this as a move to validate Layer-1 protocols beyond Bitcoin and Ethereum, which already have SEC-approved spot ETFs. While the market is optimistic, SEC approval is not guaranteed. The Commission has delayed decisions on altcoin ETFs with deadlines pushed to mid-June 2025.
Near Protocols price reacted positively to the ETF filing, breaking out of consolidation and surging past $3.00 to a local high of $3.20. Analysts expect further upward movement toward $3.50$3.80 if the momentum continues.
Bittensors TAO Goes Over the $450 Resistance Mark as Trump Eases Off the Tariffs
Bittensor (TAO) has shown resilience, surging 77% in the last month to reach $455 today. Although the token has slipped nearly 3% in the last 24 hours, it remains above key support levels, buoyed by increasing institutional interest and a focus on decentralized AI networks.
After the market instability caused by Aprils tariff uncertainty, TAO has emerged as a prominent AI-crypto asset, gaining traction among crypto investment funds. Bittensor is trading well above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), indicating a solid medium-term outlook. Resistance around $390 was tested, but Bittensors price remains bullish.
However, Bittensors technical indicators suggest some caution in the short term. The RSI has fallen back to the neutral 50 level. This indicates cooling momentum and rising bearish pressure.
If the sell-off continues, TAO may test the 100-day EMA at $428 or the 50-day EMA at $410 key support levels where buying could re-enter. The bullish outlook remains intact as long as TAO stays above $428. A rise above $490 could push TAO to the $520$560 range. A drop below the 200-day EMA could signal further downside risk. As TAOs role in AI and blockchain continues to gain importance, it could see strong support heading into Q2.
Unilabs Smashes AI Presale Records with $100k in Under a Month
Unilabs is revolutionizing asset management by using AI to eliminate human error, which helps improve ROI and reduce risks. This approach has allowed Unilabs to quickly grow to over $30 million in assets under management, spread across four main funds: the AI Fund, BTC Fund, RWA Fund, and Mining Fund. Each fund caters to different risk levels and return expectations.
In addition to its asset growth, Unilabs has raised over $100k through its presale, attracting more than 2,000 investors globally. The strong interest, including AI whales from projects like Bittensor and Near Protocol, shows the growing excitement for Unilabs in both the AI and crypto spaces.
The Bottom Line
UNIL the native token of Unilabs is not just a means of raising capital. Priced at $0.004, the token plays a crucial role in governance and revenue sharing. With up to 30% of the funds revenue allocated for dividends, UNIL offers investors an opportunity to benefit directly from the funds success.
As Unilabs sets its sights on disrupting the $460 billion asset management industry, even capturing a small market share could have a significant impact. For instance, if the fund were to capture just 0.05% of this market, it could distribute 30% of $230 million, creating substantial value for UNIL token holders.
Learn More About Unilabs
Text source: TronWeekly
