In the past few days, Bittensor (TAO) has captured the spotlight in the AI crypto narrative, experiencing a pump of over 80%. However, the real action is happening with enqAI, which has seen its price skyrocket by over 300% in the last week and 120% increase just today.
While enqAI is currently experiencing a slight pullback of around 15%—a natural occurrence as traders take profits after such a massive surge—the price trading above the $0.022 key level could further validate traders’ confidence in enqAI.
Yesterday marked a key moment for enqAI as it broke out of a crucial resistance level around $0.022. Today, the EnqAI price spiked to $0.033, although it couldn’t maintain that peak.
The focus now is on the price trading above the $0.022 mark (the top of the broken consolidation) to sustain the possibility of continued bullish momentum. Enq chart has been choppy and sideways for quite some time, but this new rally may attract even more bulls for a longer-term run.
What you'll learn 👉
enqAI: A Decentralized Network for Unbiased AI
enqAI is a decentralized network designed to provide uncensored and unbiased AI models, leveraging a distributed infrastructure of GPU nodes.
This innovative architecture aims to eliminate hidden biases often found in traditional AI systems, promoting a more transparent and equitable approach to artificial intelligence development and deployment. Launched in December 2023, enqAI currently holds a market cap of around $27 million.
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Show more +Unique Features Driving Demand
These unique features could be driving increased demand for the enqAI token:
Uncensored AI Models: enqAI focuses on creating AI tools free from censorship, allowing users to generate content without restrictions. This includes applications in image and audio generation, as well as natural language processing.
Community and Ecosystem: The platform encourages community participation, allowing users to contribute to the development and refinement of AI models. This collaborative approach is essential for maintaining the integrity and diversity of the AI outputs produced by the network.
Token Utility: The EnqAI token serves multiple purposes within the ecosystem, including facilitating transactions for AI services, incentivizing contributions from users, and supporting governance decisions within the network.
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