The price of the Inspect token has risen by 17% in the past 24 hours, defying the broader market downturn. Monthly, the token has now gained over 70%.
Reasons Behind Inspect Token Price Surge
A significant factor driving the price increase was the token's listing on the Bitpanda platform on August 12. Bitpanda is one of Europe's leading crypto platforms, boasting over 10 million active users. The listing adds to the token's growing list of high-profile centralized exchange placements, including Bybit, KuCoin, MEXC, and Gate.
Features of the Inspect Project
Inspect is a Bittensor Layer 2 project that utilizes Bittensor's infrastructure to provide analytical tools for NFT and Web3 communities, including cross-chain NFT tracking, Twitter analytics, and AI-powered functionalities. The project previously raised $200,000 on CoinTerminal, being highlighted as one of the success stories for early-stage fundraising on this platform.
Announcements and Innovations from Inspect
On August 13, the project launched Substrike, a permissionless TAO mining pool that converts social engagement into on-chain rewards. The system automatically tracks significant conversations on the X platform and rewards users with TAO tokens. Users are encouraged to connect their X accounts and confirm their payout addresses.
The price surge of the Inspect token highlights the growing interest in the project and its innovative solutions within blockchain technology, as well as its activity within the Bittensor ecosystem. Future developments and the introduction of new features could further contribute to price increases.
