Bittensor (TAO)

BitTensor (TAO) has a year-to-date growth of 104%, with the biggest market cap in the AI segment. The TAO token currently trades at $573, with a monthly high of $683.

The BitTensor project has a market cap of $4.24 billion, with 37% of the total supply being unlocked in 2025. The limited liquidity is one of the key drivers of the bullish trend.

Meanwhile, 77.7% of the available circulating tokens being staked limits the actual available tokens in the market, further declining the liquidity available and boosting the market price.

In the daily chart, the TAO token is currently struggling to sustain dominance above the $600 mark while taking resistance from the 100% Fibonacci level at $624. However, the short-term sideways trend leads to a bearish crossover in the MACD and signal line.

Nevertheless, the rounding-bottom reversal and the Fibonacci retracement levels paint the next potential target at $1,211. Hence, the AI token is likely to overcome the $1,000 psychological mark by the end of the year. $TAO