New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Allora Network has recently been frequently discussed in the crypto community. Is this project worth paying attention to? Let's break it down.
**What is the essence of the project?**
Simply put, Allora Network aims to build a decentralized AI network. It coordinates multiple machine learning models to collaborate and self-evolve, providing more reliable prediction and reasoning services. It sounds a bit complex, but the core logic is: distribute AI capabilities on the chain, allowing collective intelligence to do the work. This positioning happens to sit at the intersection of the hot tracks "Decentralized Artificial Intelligence" and "Web3," which is why it attracts attention.
**Token overview**
Total supply is 1 billion tokens, with an initial circulation of 200.5 million tokens (20.05%). This ratio is quite reasonable. However, note that investor share accounts for 31.05%, meaning institutions and early investors hold a significant amount of tokens, and subsequent unlocks could cause selling pressure. The price dropped quite a bit during the initial listing due to airdrop controversies and other reasons. If you missed that dip, think carefully before entering now.
**Trading perspective**
If you want to participate, a reasonable buy-in range is between $0.08 and $0.10. In an optimistic scenario, the first target is $0.15–$0.20, then $0.25–$0.35, and aggressive players might even dream of $0.50+. For risk management, setting a stop-loss below $0.07 is more prudent.
**Why are we optimistic about this direction?**
The integration of AI and blockchain has moved from the conceptual stage to actual application exploration. The Allora project has support from top institutions like Polychain and Framework Ventures, and the token utility is relatively clear, giving it some imagination space. But honestly, this track is highly competitive, with many similar projects, so the real test lies ahead—whether its protocol can truly be implemented and attract enough traffic and data.