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 | $323.22 |
| Market cap | $2,390,419,831 |
| Trading volume | $60,180,225 |
| 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 | $335.16 |
| 24-hour high | $311.70 |
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 value falls to $323.22
TL;DR Breakdown
- Bittensor price analysis confirms a downtrend at $323.22.
- Coin value has gained up to 2.82% of value during the day.
- Bittensor prices are seeking resistance around $336.184.
On September 15, 2024, Bittensor price analysis revealed a decreasing trend for the currency. Coin value has dropped to $323.22 in the past 24 hours. However, if observed overall, the currency has received up to a 2.82% boost today.
TAO/USD 1-day chart analysis: Bittensor value deteriorates to $323.22 after descent
The 1-day price chart of Bittensor reveals a decreasing trend for the day. The coin value has dropped to a low of $323.22 during the past 24 hours. However, the overall market sentiment remained positive. Side by side, the decreasing volatility confirms lower chances of reversal within the market events.
The gap between the Bollinger bands determines market volatility. As this gap is reducing, this indicates decreasing market volatility. The upper end of the Bollinger bands indicator, acting as resistance, is at $336.18. whereas the lower end of the Bollinger bands indicator, serving as support, is at $221.20.
The Relative Strength Index (RSI) indicator is close to the overbought region. Its value declined to 61.05 in the past 24 hours. The downward curve on the RSI graph signifies a bearish trend. Moreover, as the RSI declines, this refers to higher selling activity than buying activity.
TAO/USD 4-hour chart analysis
The four-hour price analysis for Bittensor confirmed an increasing trend for the cryptocurrency. Coin value has spiked to a high of $323.22 during the last four hours. Despite the earlier decreases, the bulls seem to have bounced back. The coin value is now situated above the moving average value.
The area between the Bollinger bands is widening, confirming a rise in volatility. This rise in volatility ultimately confirms a higher market unpredictability. Moreover, the upper end of the Bollinger bands indicator has moved to $341.31, securing resistance. Conversely, the lower end of the Bollinger bands indicator has shifted to $276.14, indicating support.
The RSI indicator is above the neutral area. Considering the previous upside, the RSI value has improved immensely. Today, after the minor recovery, the RSI value spiked up to 63.95. This spike indicates that the buying activity is moving towards a sustained end. If the bulls gain further momentum, the market can enter a period of stability.
Bittensor technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | 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 gives out a bearish prediction regarding the ongoing market events. Currently trading at $323.22, the coin value has undergone sufficient decline. However, if observed throughout the past 24 hours, the TAO coin has gained up to 2.82% of the recovery. The buying activities have dominated the selling activities, as observed today. Technical indicators give a positive signal; however, the price charts favor the bears.
Why is TAO down?
TAO has been decreasing rapidly for the past 24 hours. The coin has decreased to $323.22 amidst the rising selling pressure, which triggered a loss. However, Bittensor gained a subtle boost amidst the rising bullish strength 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. During that period, its price will range between $1,188 and $1,437.
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 at the same time.
- The total exchange balance of the Bittensor network reached $TAO 869,892, said Bittensor TAO Alerts, an X platform account that tracks TAO transactions.
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 a further acceleration in 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 $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 in the future. 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.
