AI tokens are seeing a price surge in anticipation of NVIDIA’s upcoming quarterly earnings report.
Over the past week, Bittensor (TAO), the native token of the decentralized AI development platform Bittensor, has risen by approximately 25%. As of today, Aug. 26, 2024, it is trading at around $345.5, with a slight 0.16% drop in the last 24 hours. Over the past year, the token’s price has jumped by 469.1%. According to crypto.news, TAO ranks 39th among cryptocurrencies by market capitalization, which exceeds $2.51 billion.
TAO is rising in anticipation of NVIDIA’s quarterly earnings report, set to be released on Wednesday. AI tokens are likely influenced by the growing demand for data centers essential for running AI chatbots.
What’s next for TAO? Will it surpass its previous all-time high of $767.68? Check out our Bittensor price prediction for 2024-2030.
What is Bittensor
Bittensor connects AI and machine learning through a decentralized approach. It’s a peer-to-peer network that leverages blockchain tokens to drive the development and adoption of AI innovations.
TAO is the native token of Bittensor. It drives user participation and streamlines how they trade resources on the Bittensor platform. What is the TAO crypto price prediction for the short and long term?
Bittensor coin price prediction: short-term outlook
According to CoinCodex’s Bittensor price prediction, TAO’s price is expected to increase by 226.71%, potentially reaching a new all-time high of $1131.7 (!) by Sept. 25, 2024.
As of Aug. 26, 2024, the overall sentiment for the Bittensor price forecast remains bullish, with 22 technical analysis indicators showing bullish signals and 5 indicating bearish trends.
Bittensor price prediction 2024
According to DigitalCoinPrice, investors, exporters, and market experts believe that TAO will surpass its previous high of $767.68 in 2024. They predict it will then stabilize between $731.57 and $767.79.
Based on CoinCodex’s expectations for the Bittensor token, it is anticipated to trade between $346.39 and $1629.21 this year. If it hits the upper end of this range, TAO could experience a rise of 368.58%.
Wallet Investor forecasts that by the end of 2024, TAO could achieve a maximum price of $629.482.
Bittensor price prediction 2025
DigitalCoinPrice suggests that in 2025, the price of TAO could fluctuate between $749.51 and $894.36, with the most likely value stabilizing around $848.42 by year’s end.
CoinCodex’s forecast for 2025 aligns with its projection for 2024.
According to Wallet Investor’s Bittensor price prediction for 2025, TAO could potentially trade at $956.384.
Bittensor price prediction 2030
CoinCodex estimates that by 2030, TAO’s price could vary between $864.97 and $1402.48.
DigitalCoinPrice predicts that TAO’s price could climb to $2356.6 or even $2511.46 by the end of 2030. The years from 2024 to 2030 are expected to be key for the growth of Bittensor.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
FAQs
Should I invest in Bittensor tokens?
AI tokens are gaining traction as a promising investment trend. Bittensor, in particular, presents exciting growth opportunities, and the optimistic future price predictions for TAO — both in the short and long term — make it a compelling option for those looking to diversify their portfolios.
TAO’s future looks bright, making it an interesting investment opportunity, but don’t forget to factor in the risks.
When will TAO’s price reach a new all-time high?
CoinCodex predicts that TAO’s price could reach a new all-time high of $1131.7 by Sept. 25, 2024.
Source: https://crypto.news/bittensor-price-prediction-2024-2030/