Key takeaways : Bittensor price predictions anticipate a high of $727 by the end of 2024. In 2027, TAO will range between $1,076 and $1,319, with an average price of $1,115. In 2030, TAO will range between $3,563 and $4,080, with an average price of $3,660. Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to make sure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystem’s use cases, TAO, which encourages cooperation. The PoL consensus method TAO uses is revolutionary because it guarantees that only nodes with successful artificial intelligence models receive rewards. It promotes the growth of capable artificial intelligence technology inside the network and upholds high performance. Bittensor uses its cryptocurrency token, TAO, to encourage node operators and AI developers. Because of the token economy, the network’s community is more vibrant and engaged, encouraging creativity and teamwork. What next for the artificial intelligence-based decentralized machine learning network Bittensor and its token TAO in the remainder of 2024 and beyond? Let’s get into the TAO price prediction and technical analysis. Overview Cryptocurrency Bittensor Ticker TAO Current price $580.38 Market cap $4.24B Trading volume $332.35M Circulating supply 7.38M TAO All-time low $30.83 on May 14, 2023 All-time high $757.60 on Mar 07, 2024 24-hour low $615.66 24-hour high $564.25 TAO price prediction: Technical analysis Metric Value Volatility (30-day variation) 10.19% 50-day SMA $ 521.95 200-day SMA $ 428.16 Sentiment Neutral Fear and greed index 80 (Extreme Greed) Green days 17/30 (57%) Bittensor price analysis: Bittensor upgrades to $580.38 amidst upturn TL;DR Breakdown : Bittensor price analysis confirmed an upward trend at $580.4. Cryptocurrency has lost up to 5.52% of its value during the day. Bittensor coin prices are targeting next resistance at $725.20. On December 13, 2024, Bittensor price analysis revealed an increasing trend for the cryptocurrency. Coin value has spiked up to a $580.38 high in the past 24 hours. However, from an overall analysis, the cryptocurrency devalued up to 5.52 percent today. Despite the bearish trend yesterday, today the market events remained in favor of the buyers. TAO/USD 1-day chart analysis The one-day price chart of Bittensor coin confirmed an upward trend for the currency. Cryptocurrency value has improved up to $580.38 high in the past 24 hours. On the other hand, the overall market sentiment continues to remain towards the bearish side. The area between the Bollinger bands determines market volatility. As this area is converging, this indicates a decreasing volatility. Moving ahead, the upper Bollinger band has shifted to $725.204, indicating the resistance threshold. Conversely, the lower Bollinger band has moved to $508.82, indicating the support band. TAO/USD 1-day price chart The RSI indicator is present within the neutral region. Its value has increased up to index 47.69 in the last 24 hours. The upward curve on the RSI graph indicates a rising buying pressure. The bullish activities remained high in the past 24 hours. This refers to a rising bullish momentum and a relatively stabilized market. TAO/USD 4-hour chart analysis The four-hour price analysis of Bittensor coin confirmed a rising price movement for the currency. TAO/USD value has spiked up to a $580.38 high over the past few hours. However, considering the earlier downside, the coin value is standing below its moving average. The Bollinger bands are expanding, referring to an increasing volatility. This increasing volatility signals a relatively higher market unpredictability. Moving ahead, the upper Bollinger band, acting as the resistance, is at $633.3. Whereas the lower Bollinger band, serving as the support, is at $539.12. TAO/USD 4-hour price chart The RSI indicator is hovering within the neutral area. Its value has increased up to 42.87 in the past four hours. The ascending curve on the RSI graph marks an uptrend. The buying activities dominated over the selling activities during the last few hours. If the bullish pressure continues to intensify, the market can enter a period of stability. Bittensor technical indicators: Levels and actions Daily simple moving average (SMA) Period Value ($) Action SMA 3 633.23 SELL SMA 5 633.70 SELL SMA 10 574.90 BUY SMA 21 538.62 BUY SMA 50 521.95 BUY SMA 100 469.01 BUY SMA 200 428.16 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 544.89 BUY EMA 5 544.80 BUY EMA 10 557.86 BUY EMA 21 555.96 BUY EMA 50 493.79 BUY EMA 100 433.15 BUY EMA 200 396.59 BUY Is Bittensor TAO a good investment? TAO is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility as all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030. What can we expect from Bittensor price analysis next? Bittensor price analysis gives out a bullish prediction regarding the ongoing market events. Coin value has climbed up to a $580.38 high in the past 24 hours. On the opposite side, the cryptocurrency lost up to 5.52% of its value through the day. The overall market sentiment remains negative; however, the bulls sought recovery today. Technical indicators are giving out a neutral hint; however, the price charts are favoring the bulls. Why is TAO up? TAO has been increasing rapidly for the past 24 hours. The coin has increased to $580.38 amidst rising buying activity, which triggered a massive ascent. Bittensor gained substantial value amidst growing buyers’ pressure in the past few hours. Will Bittensor reach $500? Yes, Bittensor should rise above $500 in 2025. Its price will range between $590.53 and $713.91 during that period. Will Bittensor reach $1000? Yes, Bittensor should rise above $1000 in 2027. Its price will range between $1,188 and $1,437 during that period. Will Bittensor reach $5000? Per the Cryptopolitan price prediction, Bittensor TAO prices are unlikely to reach $5000 before 2030. Does Bittensor have a good long-term future? According to Cryptopolitan price predictions, Bittensor TAO will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory. Recent news/ opinions on Bittensor TAO.BOT has launched dTAO (dynamic TAO), a system designed to change the distribution process of Bittensor resources. The automated system aims to enhance transparency and efficiency, better facilitating the top-performing subnets. According to the updates, the mechanism will be market-driven and decentralized. 📈 What’s dTAO and why is everyone talking about it? Dynamic TAO (dTAO) changes how Bittensor $TAO distributes its resources. Today, validators and manual decisions decide how things work—soon, it'll be automated and driven by market demand. This means more fairness, more… pic.twitter.com/93PQGGxWxO — tao.bot (τ, τ) (@taodotbot) December 2, 2024 Bittensor price prediction December 2024 A break of resistance will result in a mini bull run, with the next target at $750. This month, it will average at $549, and in a bearish scenario, TAO could drop to $439 at its lowest. Month Potential low ($) Potential average ($) Potential high ($) December 439 549 750 Bittensor price prediction 2024 The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $430 and $727, which is quite near the current Bittensor price, with an average price of $555. Year Potential low ($) Potential average ($) Potential high ($) 2024 430 555 727 Bittensor price predictions 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 $519.50 $538.39 $642.76 2026 $753.25 $774.78 $893.17 2027 $1,076 $1,115 $1,319 2028 $1,560 $1,604 $1,902 2029 $2,359 $2,423 $2,712 2030 $3,563 $3,660 $4,080 Bittensor price prediction 2025 The Bittensor price forecast for 2025 sets the high at $642.76 as the Bittensor market revives. The lowest price of TAO for the year will be $519.50, and the average price will be $538.39. Bittensor price prediction 2026 TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $753.25 and $893.17, with an average price of $774.78. Bittensor price prediction 2027 The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,076 and $1,319, with an average price of $1,115, as per TAO price forecast. Bittensor TRX price prediction 2028 The Bittensor price prediction suggests further accelerating TAO’s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum Bittensor’s price of $1,560 and a maximum price of $1,902. The average price for the year will be $1,604. Bittensor price prediction 2029 According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $2,359 and $2,712, respectively, with a year-round average price of Bittensor of $2,423. Bittensor crypto price prediction 2030 The Bittensor price prediction for 2030 indicates a price range of $3,563 and $4,080 and an average price of $3,660. TAO market price prediction: Analysts TRX price forecast Platform 2024 2025 Digitalcoinprice $659.23 $767.90 Coincodex $ 756.20 $ 1,448.03 Cryptopolitan’s Bittensor (TAO) price prediction At current levels, TAO presents the potential to be bullish. According to our predictions, TAO could achieve a high of $727 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $519.50 – $642.76, with an average of $538.39. Note the predictions are not investment advice. Seek independent professional consultation or do your research. Bittensor (TAO) historic price sentiment The TAO token was launched by Bittensor network on March 6, 2023, with an opening price of $93.4. Within one week of its launch, TAO dipped below its opening price to the $76 range. By the start of April 2024, TAO lost 50% of its value as its price stepped down to $47. In May, TAO stepped further down to $30.83 (the lowest value) but started to recover slowly, reaching only $63 by the end of the month. In July 2024, TAO recovered up to $86.18, just shy of its opening price, before dipping again. TAO traded in the nearly $54 range till October, after which it started to spike. Finally, in November 2023, TAO reached the $95 range and peaked at $379 on December 15. TAO remained in a downtrend till mid-January 2024 before spiking to an all-time high of $757.60 on March 7, 2024, its highest price paid. By April 2024, Bittensor TAO lost almost 25% of its value again by dipping to $522. For May, June, and July, the token continued covering a range downward while making small spikes in between, reaching $216 at the start of July. TAO jumped to $357 on July 19, while slipping back to $281 by the end of August, 2024. While, the coin traded near $265 range at the start of September. In October 2024, Bittensor (TAO) rose till the $660 range before closing at $468. In November, TAO rose to a high of $679, and after a slight correction it is trading near $621 mark. on December 3, 2024.
