Bittensor is an innovative decentralized protocol specifically crafted to redefine the landscape of machine learning (ML) and artificial intelligence (AI). But can it truly challenge the centralized giants dominating the AI industry? By creating a unique, open marketplace, Bittensor allows users and providers to exchange ML algorithms on a decentralized network, offering far more than just a marketplace—it’s a training ground for AI models, all within a censorship-resistant environment.
What makes Bittensor so powerful? Its distinctive structure combines specialized subnets tailored for AI tasks, a blockchain layer enabling decentralized operations, and an API that allows seamless integration for users. This architecture positions Bittensor as the emerging network of choice for AI services, with its native token, TAO, serving as the fuel for transactions across the platform. As it evolves, Bittensor aims to expand access to advanced ML models, democratizing AI capabilities for individuals and corporations alike. Could Bittensor be the platform that brings high-powered AI to the masses?
Maximum Token Supply
Token follows a model similar to Bitcoin, with a maximum supply capped at 21 million tokens. Currently, approximately 6.01 million tokens are in circulation. The emission schedule of TAO is structured around a halving model, mirroring Bitcoin’s approach to gradually limit token release.
Price today
The current live price is $514.06 per TAO (USD), with a market cap of $3.79 billion USD. In the past 24 hours, the trading volume reached $182.22 million USD. Bittensor's price is updated in real-time and has seen a slight decrease of -1.7% over the last 24 hours. The circulating supply stands at approximately 7.38 million TAO tokens.
Price History
Here is the price history of Bittensor (TAO) in USD:
● Today: -$8.87 (-1.7%)
● 30 Days: -$112.25 (-17.92%)
● 60 Days: +$275.61 (+115.59%)
● 90 Days: +$214.47 (+71.59%)
Price Information
Here is the latest price information for Bittensor (TAO):
● 24h Low: $510.71
● 24h High: $546.95
● All Time High: $767.68
● Price Change (1h): -1.48%
● Price Change (24h): -1.7%
● Price Change (7d): +6%
Market Information
Here is the latest market information for Bittensor (TAO):
● Popularity: #25
● Market Cap: $3.79B
● 24-hour Trading Volume: $182.22M
● Circulating Supply: 7.38M (35.15% of total supply)
● Total Maximum Supply: 21.00M
● Fully Diluted Market Cap: $10.80B
Daily and Weekly Price Forecast: Today, Tomorrow, and the Next 30 Days
The daily price prediction for Bittensor (TAO) indicates a potential increase of 5% over the next week, bringing the value of TAO to approximately $479.37 by November 15, 2024. Here's the forecast:
● Nov 08, 2024: $478.92
● Nov 09, 2024: $478.99
● Nov 15, 2024: $479.37
● Dec 08, 2024: $480.85
This positive trajectory reflects a steady increase in the value of TAO as the network continues to develop and attract attention.
Yearly Price Prediction 2024-2030
Based on the price prediction for Bittensor (TAO), the value of TAO is expected to rise steadily over the coming years, reaching approximately $641.80 by 2030. Here's the forecasted price progression:
● 2024: $478.92
● 2025: $502.87
● 2026: $528.01
● 2027: $554.41
● 2030: $641.80
This long-term growth reflects the increasing demand for decentralized machine learning resources and Bittensor's role in the expanding AI space.
Will Bittensor (TAO) Break Records?
As the decentralized AI landscape continues to evolve, Bittensor (TAO) is well-positioned to experience significant growth. Its innovative approach to creating a marketplace for machine learning models and its decentralized structure provide strong fundamentals for long-term success. If the platform can maintain its momentum and attract more users and developers, there's a good chance it could break previous records and reach new heights in both value and adoption.
Stay tuned with Tokentapers to keep up with the latest developments and price predictions for TAO!
FAQ’s
What is the price prediction for Bittensor (TAO) in the future?
Based on current trends, TAO's price is projected to reach $641.80 by 2030. Short-term predictions also suggest a steady increase, with TAO potentially reaching around $479.37 by the end of this year.
What makes Bittensor unique?
Bittensor is unique in its use of blockchain to decentralize the training and sharing of machine learning models. This approach breaks down the monopolies of big tech and allows anyone to participate in the AI ecosystem.
Is Bittensor (TAO) a good investment?
As with all investments, it's essential to conduct thorough research and understand the risks involved. However, Bittensor's innovative model and strong potential in the AI and ML space make it a promising long-term investment option for those interested in decentralized technologies.
What’s the all-time high?
The all-time high (ATH) price of Bittensor (TAO) is $767.68.
