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 surged by around 25%. As of today, August 26, 2024, it is trading at around $345.5, down slightly by 0.16% in the last 24 hours. Over the past year, the token’s price has jumped by 469.1%. According to crypto.news, TAO is ranked 39th among cryptocurrencies by market cap, which exceeds $2.51 billion.
TAO shares are rising ahead of NVIDIA’s quarterly earnings report, which is due out on Wednesday. AI tokens are likely to be impacted by the growing demand for data centers needed to power AI chatbots.
What’s next for TAO? Will it surpass its all-time high of $767.68? Check out our Bittensor price prediction for 2024-2030.
What is Bittensor?
Bittensor bridges AI and machine learning through a decentralized approach. It is 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 incentivizes user engagement and simplifies how they trade resources on the Bittensor platform. What is the short- and long-term price prediction for TAO cryptocurrency?
Bittensor Price Prediction: Short-Term View
according to Quincodex Bittensor Price Prediction TAO price is expected to rise by 226.71% and could reach a new all-time high of $1,131.7 (!) by September 25, 2024.
As of August 26, 2024, the overall sentiment for the Bittensor price prediction remains bullish, with 22 technical analysis indicators showing bullish signals and 5 indicating bearish trends.
Bittensor Price Prediction 2024
according to Cryptocurrency priceInvestors, exporters and market experts believe that the price of gold in Tao will surpass its all-time high of $767.68 in 2024. They expect it to stabilize after that between $731.57 and $767.79.
Based on CoinCodex’s prediction for Bittensor, it is expected to trade between $346.39 and $1,629.21 this year. If it reaches the upper end of this range, TAO could see a 368.58% rise.
Portfolio Investor TAO expects that by the end of 2024, the stock price could reach $629.482.
Bittensor Price Prediction 2025
DigitalCoinPrice indicates that in 2025, the price of TAO could fluctuate between $749.51 and $894.36, with the value likely to stabilize around $848.42 by the end of the year.
CoinCodex’s 2025 predictions are in line with their 2024 predictions.
According to Wallet Investor’s Bittensor price prediction for 2025, TAO could trade at $956.384.
Bittensor Price Prediction 2030
CoinCodex estimates that by 2030, the price of TAO could range between $864.97 and $1,402.48.
DigitalCoinPrice predicts that the price of TAO could rise to $2,356.6 or even $2,511.46 by the end of 2030. The years 2024 to 2030 are expected to be key for the growth of Bittensor.
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.
Frequently Asked Questions
Should I invest in Bittensor tokens?
AI tokens are gaining momentum as a promising investment trend. Bittensor, in particular, offers exciting growth opportunities, and the bullish outlook for TAO’s price in the future — both in the short and long term — makes 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 take the risks into account.
When will TAO price reach a new all-time high?
CoinCodex predicts that the price of TAO will reach a new all-time high of $1,131.7 by September 25, 2024.
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