Key takeaways
- Bittensor price predictions anticipate a high of $439.01 by the end of 2024.
- In 2027, TAO will range between $1,306 and $1,538, with an average price of $1,342.
- In 2030, TAO will range between $4,134 and $4,910, with an average price of $4,280.
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 | $472.27 |
| Market cap | $3,385,156,924 |
| Trading volume | $155,806,180 |
| Circulating supply | 7,380,936 TAO |
| All-time low | $30.83 on May 14, 2023 |
| All-time high | $757.60 on Mar 07, 2024 |
| 24-hour low | $472.51 |
| 24-hour high | $394.55 |
TAO price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 10.57% |
| 50-day SMA | $ 300.08 |
| 200-day SMA | $ 421.03 |
| Sentiment | Bearish |
| Fear and greed index | 26 (Fear) |
| Green days | 15/30 (50%) |
Bittensor price analysis: Coin hits $472.27 amidst intense bullish pressure
TL;DR Breakdown:
- Bittensor price analysis confirms an upward trend at $472.27.
- Cryptocurrency gained up to 15.55% recovery during the day.
- Coin value transcends $421.46 resistance amidst upside.
On September 21, 2024, Bittensor price analysis revealed an upward trend for the cryptocurrency. It rose to $472.27 during the last 24 hours. Moreover, the Bittensor coin has received a boost of up to 15.55%. This intense bullish wave creates an encouraging scenario for the investors, as the coin value continues to achieve new targets.
TAO/USD 1-day chart analysis: Upward swing launches price beyond $472.2
The 1-day price chart of Bittensor coin revealed an increasing trend for the currency. Coin value has ascended up to $472.2 high during the day. Moreover, the overall market sentiment remains on the positive end. Considering the intensifying bullish trend, the coin value has surpassed its moving average.
The area between the Bollinger bands defines the market volatility. Currently, this area is expanding, referring to a higher market volatility. The upper side of the Bollinger bands indicator, serving as the support band, has shifted to $421.46. Whereas, the lower side of the Bollinger bands indicator, acting as another support, is at $181.98.
The Relative Strength Index (RSI) indicator is overbought. It rose to 77.82 during the past 24 hours. The sharp ascending curve on the RSI graph indicates a bullish swing. The buying activities have been accelerating rapidly, leading to a substantial profit for the cryptocurrency in the past week.
TAO/USD 4-hour chart analysis
The four-hour price analysis of Bittensor confirmed an increasing trend. Bittensor’s value has increased to $472.02 in the past few hours. Green candlesticks on the four-hour price chart mark intense buying pressure. As volatility increases, this can lead to a reversal soon.
The distance between the Bollinger bands is widening, leading to an increasing volatility. This rise in the volatility indicates a higher market unpredictability. Moreover, the upper end of the Bollinger bands indicator, acting as the support, is at $471.53. Whereas, the lower end of the Bollinger bands indicator, serving as resistance, is at $311.88.
The RSI indicator has moved to the overbought region amidst the growing bullish momentum. Currently at 81.17, and still moving upwards, this signifies a bullish control. Moreover, this increasing activity confirms an accelerating buying activity, as the bullish momentum remains sustained. This signifies a balanced trading environment, and tremendous profit for the coin.
Bittensor technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 273.76 | BUY |
| SMA 5 | 273.07 | BUY |
| SMA 10 | 302.99 | SELL |
| SMA 21 | 299.82 | SELL |
| SMA 50 | 300.08 | SELL |
| SMA 100 | 307.48 | SELL |
| SMA 200 | 421.03 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 298.52 | SELL |
| EMA 5 | 294.28 | SELL |
| EMA 10 | 288.60 | SELL |
| EMA 21 | 287.13 | SELL |
| EMA 50 | 295.18 | SELL |
| EMA 100 | 324.37 | SELL |
| EMA 200 | 344.63 | SELL |
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 is facing 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 for the day confirms a highly bullish prediction. Coin value has advanced up to $472.27 amidst the tremendous upside today. This has resulted in an overall recovery of 15.55% for the cryptocurrency. If we discuss the four-hour price analysis, it also projects intense buying pressure for the cryptocurrency. Technical indicators and price charts continue to demonstrate a positive signal for the investors as the bullish wave intensifies rapidly.
Why is TAO up?
TAO has been increasing rapidly for the past 24 hours. The coin has increased to $472.27 amidst rising buying pressure, which triggered a massive recovery. In the past few hours, Bittensor gained a substantial boost amidst rising bullish strength.
Will Bittensor reach $500?
Yes, Bittensor should rise above $500 in 2025. During that period, its price will range between $590.53 and $713.91.
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
- The Opentensor Foundation has provided ledger support for TAO tokens. This will allow users to secure their tokens with the ledger while keeping them staked.
- Bittensor TAO Alerts, an X platform account that tracks TAO transactions, reported that the Bittensor network’s total exchange balance reached $ TAO 869,892.
Bittensor price prediction September 2024
A break of resistance will result in a mini bull run, with the next target at $286.7. This month, it will average at $276.3, and in a bearish scenario, TAO could drop to $261.2 at its lowest.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| September | 261.2 | 276.3 | 286.7 |
Bittensor price prediction 2024
The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $394.87 and $439.01, with an average price of $412.87.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 394.87 | 412.87 | 439.01 |
Bittensor price predictions 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | $590.97 | $611.62 | $686.05 |
| 2026 | $875.46 | $906.04 | $1,004 |
| 2027 | $1,306 | $1,342 | $1,538 |
| 2028 | $1,916 | $1,969 | $2,243 |
| 2029 | $2,819 | $2,917 | $3,384 |
| 2030 | $4,134 | $4,280 | $4,910 |
Bittensor price prediction 2025
The Bittensor price forecast for 2025 sets the high at $686.05. The lowest price of TAO for the year will be $590.97, and the average price will be $611.62.
Bittensor price prediction 2026
TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $875.46 and $1,004, with an average price of $906.04.
Bittensor price prediction 2027
The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,306 and $1,538, with an average price of $1,342, 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 $1,916 and a maximum price of $2,243. The average price for the year will be $1,969.
Bittensor price prediction 2029
According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $3,384 and $2,819, respectively, with a year-round average price of Bittensor of $2,917.
Bittensor crypto price prediction 2030
The Bittensor price prediction for 2030 indicates a price range of $4,134 and $4,910 and an average price of $4,280.
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 $455.05 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $590.53 – $713.91, with an average of $611.79. 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. Currently, the coin is trading near $265 range at the start of September.
