The Top 3 Bittensor Tokens You Can’t Afford to Miss this Week – They’re About to Blow Up!

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Three Bittensor subnet tokens—Chutes, Proprietary Trading Network, and Targon—are making waves this week. These are the projects that might just surprise you.

Ah, Chutes, the grandest of them all. Despite facing some recent pressure, it still clings to its position as the biggest Bittensor subnet token by market cap. Then there’s the Proprietary Trading Network—oh, it’s gaining a bit of traction thanks to the DeFAI frenzy. And Targon? Well, poor Targon is oversold, but don’t write it off yet. Perhaps a comeback is lurking in the shadows. Let’s dive into these Bittensor-based tokens, shall we? Brace yourself for the first week of May.

Chutes

Chutes—a serverless AI computing platform designed by Rayon Labs. It’s a platform that promises to deploy, run, and scale any AI model in mere seconds. What a time to be alive, right?

Users can interact directly or integrate the platform through a simple API. Imagine the joy of fast, flexible AI infrastructure—without the dreadful complexities of traditional server management. It’s a dream come true for tech enthusiasts—or those who just want to pretend they understand it.

Currently, Chutes is the reigning heavyweight of Bittensor’s subnet tokens by market cap, but don’t get too comfortable, it’s been feeling the heat lately, losing almost 18% in value over the past week. A nice, steady decline—perfect for your inner pessimist.

Chutes had its moment in the sun, rallying 67% between April 7 and 12, but, naturally, it’s now down a good 30%. The Relative Strength Index (RSI) has dipped to 23.78, putting it in “deeply oversold” territory. Sounds like an opportunity for a savvy trader, doesn’t it?

This, dear reader, could be the precursor to a dramatic reversal. If it finds its footing, the dominant status of Chutes on Bittensor could trigger a strong uptrend, and suddenly, we’re back at the $0.40 mark. Oh, how quickly fortunes change!

Proprietary Trading Network

Ah, Proprietary Trading Network (also known as Taoshi)—this one’s a Decentralized Finance (DeFi) dream within the Bittensor ecosystem. It’s got dynamic subnetworks, AI, and machine learning models analyzing data across a dizzying number of asset classes. Who wouldn’t want to get in on that?

Taoshi’s mission? Well, it’s all about democratizing access to those fancy trading strategies. They’ve gone and combined AI, blockchain, and finance to offer advanced data that’ll (hopefully) help users make better financial decisions. It’s almost like they know what they’re doing… or at least pretending to.

With a market cap approaching $50 million, Proprietary Trading Network’s volume jumped nearly 160% in just 24 hours—now hitting a cool $3 million. It’s almost like people are realizing this project might have legs. Who knew?

And don’t get me started on DeFAI—one of 2025’s hottest narratives. As if by magic, Proprietary Trading Network is perfectly positioned to leverage its connections to AI, Bittensor subnets, and, of course, trading. It’s the trifecta!

If the momentum keeps going, we might see this token break through the $0.20 and $0.25 resistance levels. It’s all very exciting… if you can stomach the risk.

Targon

Now, let’s talk about Targon—a project by Manifold Labs, and let’s just say, it’s a bit of a wild card. It’s building an AI cloud platform so users can run inferences on AI models at speed and, gasp, low cost! Shocking, isn’t it?

Targon offers a Playground and API with models optimized for, you guessed it, completion and chat tasks. Fast, scalable, and cost-efficient, all while minimizing the complexity of infrastructure. Targon’s tagline should probably be: “It’s as easy as pushing a button… but only if you know how to push it.”

With a market cap around $47 million and a daily trading volume of $1.33 million, Targon isn’t exactly a stranger to the game. However, it has experienced a 9% drop in the past 24 hours. Oh, the agony of it all.

But wait—its RSI is at 19.23, signaling deeply oversold conditions. Could a rebound be on the horizon? There’s a chance that Targon could rise by up to 48% if new momentum kicks in, potentially retesting levels from two weeks ago. Exciting, isn’t it?

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2025-04-28 21:31