$TAO "Bittensor's Meteoric Rise: Could TAO Hit $ 900 or $1,000 Soon?"

Bittensor's growth was further boosted by Grayscale’s launch of a TAO fund, which attracted $4.1 million in assets and is trading at a premium. On-chain activity has also been strong, with the number of active accounts surpassing 127,000 and 5.9 million tokens staked. Additionally, demand in the futures market reached a record high of $172 million at the end of September. Some analysts predict TAO could continue rising, potentially reaching $900 or $1,000, due to strong technicals.

Bittensor (TAO) surged by 108% in September, while other AI-related assets like Sui (SUI) also saw gains, with SUI rising 115%. Since hitting a low in August, TAO has climbed 276%, bringing its market capitalization to over $4.4 billion. This rise coincided with the broader rebound in AI-related stocks like Nvidia, C3.ai, Alibaba, and Palantir, and followed major industry developments such as Alibaba's launch of over 100 new open-source AI models and OpenAI's valuation increase from $100 billion to $150 billion.