What determines the price movement of Bittensor (TAO)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Bittensor. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Bittensor, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Bittensor. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Bittensor on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Bittensor. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Bittensor and the broader cryptocurrency market.

What is the highest price of Bittensor price in history?

Bittensor achieved the all-time high of 795.6 in 2024-04-11, and is currently trading at 270.6.

What is the lowest price of Bittensor price in history?

Bittensor reached its all-time low of 21.428 on 2023-09-05.

What is the current market cap of Bittensor?

The current market cap of Bittensor is 2597081064.6000004, as 9597491 TAO is trading at the price of 270.6.

How many Bittensor are there in the market?

There are currently 9597491 TAO circulating in the market. These Bittensor can be actively traded or used in the open market.

What is the maximum supply of Bittensor?

The maximum supply of TAO is 21000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Bittensor?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Bittensor is 5682600000.00. The FDV is calculated taking the assumption that all supply of Bittensor is circulation, multiplied by its current price of 270.6.

What is the price prediction of Bittensor ?

Using an algorithm to automatically identify historical data trends, this Bittensor price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Bittensor a good investment?

Bittensor offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Bittensor and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Bittensor.

How to buy Bittensor?

You can buy Bittensor via Gate by following the steps on how to buy TAO once you have funded your account.

Bittensor Price

TAO

Rank 44

Bittensor (TAO) Price Live Chart

Bittensor (TAO) Price Today

Bittensor (TAO) price today is $270.6, with a 24-hour trading volume of $2.68M and as such Bittensor (TAO) has a market cap of $2.59B, giving it a market dominance of 0.16%. The Bittensor (TAO) price moved +2.76% in the last 24 hours.

TAO Price Data

24h Turnover$2.68M
All-Time High(ATH)$795.6
24h High$272.1
All-Time Low(ATL)$21.42
24h Low$258.1

TAO Market Cap Infos

Market Cap$2.59B
Fully Diluted Valuation$5.68B
Market Cap/FDV45.7%
Market SentimentNegative

TAO Supply

Circulating Supply9.59M TAO
Total Supply21M TAO
Max Supply21M TAO

*Data is for reference only

Bittensor (TAO) Price Prediction

Bittensor(TAO) is predicted to average $271.6 in 2026, with a potential swing between the lowest price $222.71 and the highest price $385.67. By 2031, Bittensor(TAO) price could reach to $622.48, offering a potential +121.00% return from today’s Bittensor price.

Year	Minimum Price	Highest Price	Average Price	Change
2026	$222.71	$385.67	$271.6	--
2027	$226.75	$476.52	$328.63	+21.00%
2028	$382.45	$487.12	$402.57	+48.00%
2029	$387.01	$578.3	$444.84	+64.00%
2030	$322.29	$685.51	$511.57	+88.00%
2031	$383.06	$622.48	$598.54	+121.00%

Bittensor(TAO) Price History

Bittensor(TAO) price has moved +2.76% in the last 24 hours, and +22.68% in the past 7 days. The price of Bittensor(TAO) is -2.70% in the past 30 days, and -51.69% over the last year.