Bittensor (TAO) is an altcoin garnering attention from crypto investors with price predictions reaching as high as $144 for the next target. Despite a recent drop of 43% to a multi-year low, historical trends suggest this could be an opportune time to buy. As the price of TAO Coin continues its volatile journey, some speculate it might hit $1,000 while others predict a more moderate increase with the backdrop of major event - the Bittensor halving.
Bittensor's first halving is poised to drive up the TAO price and diminish 'zombie subnets.' Even this hasn't dismantled the optimistic outlook on TAO, with a recent 220% explosion and further price boosts expected following the halving. Grayscale's seeking of a U.S. listing for a Bittensor ETP marks the first institutional bet on decentralized AI, bolstering a tentative bullish atmosphere.
Meanwhile, the AI market has witnessed valuation losses and dips in TAO and NEAR, hitting multi-year lows. However, events such as the launch of staked TAO ETP and the token's upcoming halving could set the stage for a significant breakout.
The TAO token has been on an eventful rollercoaster, soaring past $300, then plunging by 16% before climbing up again.
Institutional adoption, expansion,
subnet improvements, and a robust infrastructure seem to be the key drivers behind TAO's performance. The potential $10 million investment budding from TAO Synergies also signifies positive sentiments.
TAO Coin News Analytics from Tue, 22 Apr 2025 07:00:00 GMT to Sun, 22 Feb 2026 01:00:36 GMT -
Rating 7
- Innovation 8
- Rumor -3
