Overview of Bittensor (TAO)
Bittensor (TAO) is a token of a decentralized network for machine learning, combining artificial intelligence (AI) and blockchain. The platform allows developers to collaboratively train AI models, and participants are rewarded in TAO for providing computing resources, data, or models. TAO is used to pay for services, staking, and governance of the network through the Proof of Intelligence (PoI) consensus mechanism. The project aims to create an open-access AI market.
- Price (June 18, 2025): ~$320–$330 (according to CoinMarketCap and TradingView).
- Market capitalization: ~$2.8–$3 billion (31st place).
- Trading volume (24h): ~$150–$200 million, declining after a peak in April 2025.
- News:
- Launch of Dynamic TAO (dTAO), allowing trading of subnet tokens, increased liquidity.
- Integration with TaoFi for cross-chain trading via Hyperlane.
- Partnership with tao.bot, a bridge between Ethereum and Bittensor to simplify access to dTAO.
- Network failure on June 1, 2025 (40 minutes) due to a masterchain error, resolved without losses.
Technical analysis
- Current situation: TAO price has dropped 58% from ATH ($767.67, April 2024) and is trading at $320–$330. A symmetrical triangle is forming on the daily chart, with support at $310 and resistance at $350.
- Key levels:
- Support: $310–$320 (50-day SMA).
- Resistance: $350, then $400.
- Indicators:
- RSI (daily): ~46.18, neutral zone, with potential for growth.
- MACD: Neutral, with a hint of a bullish crossover.
- SMA: Price around the 50-day SMA ($324.80), below the 200-day ($356.64), indicating a short-term bullish trend.
- Volumes: Decreased from $400 million (April) to $150–$200 million, but support at $310 holds.
- Chart: Price tests $320 in the triangle. A breakout above $350 could push the price to $400. Check TradingView (TAO/USDT) or CoinMarketCap.
Fundamental factors
- Positive:
- Leadership in decentralized AI with unique PoI and support for 35+ subnetworks.
- Integrations (TaoFi, tao.bot) and growth of dTAO strengthen the ecosystem.
- Bullish sentiment on X: 70% of posts are positive, the community calls TAO the 'AI currency.'
- Limited issuance (21 million tokens, 42% in circulation) supports scarcity.[
- Risks:
- Network failure (June 2025) raised questions about stability.
- Competition with other AI projects (Fetch.AI, SingularityNET).
- High volatility due to speculative trading.
Recommendations
- For traders: Buy when holding above $320 (target $350–$400, stop-loss $300). Sell if breaks below $310 (target $250).
- For investors: TAO is promising due to AI and limited issuance, but consider the risks of failures. Await news on subnetworks and partnerships.
- Monitoring: Follow X (@taodotbot, @Bittensor_) and charts on TradingView.
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