Bittensor price prediction 2024–2030: Is TAO a good investment?
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 | $584.72 |
| Market cap | $4,412,897,778 |
| Trading volume | $252,786,251 |
| 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 | $608.41 |
| 24-hour high | $531.70 |
TAO price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 17.69% |
| 50-day SMA | $ 300.08 |
| 200-day SMA | $ 421.03 |
| Sentiment | Bullish |
| Fear and greed index | 50 (Neutral) |
| Green days | 15/30 (50%) |
Bittensor price analysis: Bittensor rockets past $584 amidst ascent
TL;DR Breakdown:
- Bittensor price analysis confirmed an upward trend at $584.722.
- The TAO/USD value has improved up to 9.25% from its previous close.
- Bittensor prices are seeking resistance around the $651.41 border.
On September 30, 2024, Bittensor price analysis revealed an upward trend for the cryptocurrency. Coin value has ascended up to $584.7 high in the past 24-hours. Side by side, it has gained a substantial recovery of 9.25% during the day. The past few weeks have brought tremendous recovery for the cryptocurrency, as a massive bullish wave hit the market, causing turnover.
TAO/USD 1-day chart analysis: Upswing results in rapid hike beyond $584
The 1-day price chart of Bittensor coin revealed a highly bullish trend regarding the ongoing price movements. Coin value has launched up to $584.7 during the day, considering the rapid turnover. Moreover, the overall market sentiment remained on the bullish side as well. The upward progression during the past few weeks induces confidence within the investors regarding future price increases.
The gap between the Bollinger bands determines market volatility. Currently, this gap is increasing, resulting in a rise in volatility levels. Side by side, the upper limit of the Bollinger bands indicator, acting as the resistance band, has shifted to $651.41. Whereas, the lower limit of the Bollinger bands indicator, serving as the support, has moved to $209.46.
The Relative Strength Index (RSI) indicator has surpassed the overbought limit. Currently at 78.69 and still moving upwards, this indicates a bullish trend. Moreover, the drastic improvement in the RSI value marks a rising buying activity as compared to the selling activity. The market is in a period of stability as the buyers continue to earn major profits for the currency.
TAO/USD 4-hour chart analysis
The four-hour price analysis of Bitcoin confirmed a decreasing trend for the cryptocurrency. The coin value has decreased to $584.72 in the past four hours of the day. The red candlestick on the four-hour price chart marks a bearish control. Side by side, as the volatility is increasing, there is a high chance of reversal within the market events.
The Bollinger bands are widening, leading to an increase in the volatility. This increase refers to a higher market unpredictability. Moreover, the upper band of the Bollinger bands indicator is at $588, securing the resistance point. Conversely, the lower band of the Bollinger bands indicator is at $509.72, indicating the availability of support.
The RSI indicator is situated close to the overbought limit. Its value has decreased to 60.65 in the past four hours. That is because the selling pressure is now accelerating once again. The bears have regained their momentum as the selling activity continues to expand. If the cryptocurrency loses further value, the market may enter a period of instability.
Bittensor technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | 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 gives out a highly bullish prediction regarding the ongoing market events. Coin value has advanced up to $584.72 high amidst the growing bullish rush. The buying activities have been constantly intensifying over the span of the past few weeks. Technical indicators are giving out a positive signal; side by side, the price charts continue to favor the bulls as well. However, the four-hour price analysis is in support of the bears, as a downturn was recorded in the past few hours.
Why is TAO up?
TAO has been increasing rapidly for the past 24 hours. The coin has increased to $584.72 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
- After trading below the $450 threshold for months, TAO finally crossed the highly anticipated $550 barrier. The increase began when US Vice President Kamala Harris spoke positively at a Wall Street fundraiser about artificial intelligence (AI) and cryptocurrency. Read more about it here.
- 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.
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