In a bullish case, Bittensor price prediction indicates that it could cross $717 (2024-2025) and $3329 in the short and long term (2030). However, if the AI market sees an increased demand coupled with a friendly regulatory environment, TAO could even cross $4000 in the long term.
What is Bittensor (TAO)?
Bittensor is a proof-of-work blockchain that is used to trade machine learning and AI capabilities. The blockchain allows you to create and sell AI models, ML algorithms, and similar other assets.
The blockchain is designed on Polkadot’s substrate and is compatible with any wallet that supports DOT tokens.
TAO is the largest AI-ML token with a present market cap of $4.1 billion.
Fundamental Analysis
As the need for customized AI and ML models rises, Bittensor sees a great future ahead. AI and ML markets are expected to grow with an annual growth rate of 35%.
Further, with the increased integration of AI in our daily lives, we can safely assume that Bittensor will continue to have a consistently growing market demand.
Also the trend in the integration of AI and crypto has grown decently in the near past. Going along with this trend, Grayscale has added TAO to their Decentralized AI Fund.
Going by its growth rate, we expect Bittensor to reach $3329 levels by 2030.
Technical Analysis
TAO has been in a falling downtrend from the end of March to the second week of July. Since then, its price has seen a decent revival. Now as the alt season has arrived, we can see a full recovery of TAO’s 2024 gains by the end of the year.
Also, the recovery has been in a wide U-shaped way. This is a popular bullish pattern called Rounding Bottom and be clearly seen forming in the daily charts.
The pattern is expected to finish by mid to late October 2024. Once it does, TAO might initiate a fresh rally toward $717 levels (it’s 2024 high) by the end of 2024.
Moreover, its RSI has corrected to the level of 60 and has taken support at this level. Further growth in RSI could spark another rally in TAO.
Additionally, its MACD on daily charts also shows a positive crossover that could help TAO achieve its short-term target of $717 much before the end of 2024.
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Bittensor Price Prediction
TAO price prediction indicates that it might cross $717 in the short term(2024 to 2025) and reach $3329 or above in the long term (2030).
Bittensor Price Prediction 2024
TAO could reach $700 levels by the end of the year. However, if the current alt season shows strength, TAO could even cross the $800 level.
Bittensor Price Prediction 2025
As we progress into the alt season, TAO’s price is expected to gain from it as well as from the AI trend. This could support the crypto reach the price zone of $1000 to $1200.
Bittensor Price Prediction 2026
We might see TAO reach $1400 to $1500 levels before the alt season ends. By the end of 2026, we might see decent corrections that could lead to a price of $1250.
Bittensor Price Prediction 2027
The year 2027 is expected to show some serious corrections and TAO could reach $1200 to $1000 levels in the year.
However, TAO is also expected to gain from the increased adoption of its AI marketplace. This could help it hold its price near the $1500 level.
Bittensor Price Prediction 2028
The pre-halving rally in crypto markets could take TAO to $2000 levels and later the altcoin rally in the 2028 Bitcoin halving cycle.
Bittensor Price Prediction 2029
The post-halving altcoin rally could take TAO towards $2500 levels and if the rally is strong enough TAO might even cross $3000 by the end of the year.
Bittensor Price Prediction 2030
In the long-term TAO is expected to cross $3300 even with a modest 35% annual growth rate. However, given a friendly regulatory environment, TAO could even cross $4000 levels.
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