Bittensor (TAO) Price Prediction 2024-2030: Will TAO Price Hit $1,000 Soon?

• The price of TAO could rise and hit $1,320 by the end of 2024.
• TAO’s price might experience a decline in 2027 and might close at $892.
• The price of the Bittensor token could reach $5,550 in 2030.

If you think you’ve seen the extent to which AI and blockchain can create so much, then think again. For those who don’t know, it’s been more than two years since projects have been integrating these superpowers and getting good results out of them.

But these results cannot be complete without mentioning Bittensor, a project that uses the capabilities of decentralization to take the crypto market by storm.

In less than two years, TAO, the token of the Bittensor ecosystem has outperformed almost every token in the market. But that’s not all as the cryptocurrency could do more going forward. Grab a drink and read this TAO price prediction from 2024 to 2030 to the end.

Bittensor (TAO) Real Time Market Status

What is Bittensor (TAO)?

Bittensor is one of the projects that showed that Artificial Intelligence (AI) and blockchain technology can produce something great. As an open-source protocol, Bittensor allows users to extract information while creating decentralized machine-learning models.

The project achieves this by using a peer-to-peer intelligence market while rewarding users with TAO tokens. Interestingly, Bittensor has a model similar to the way Bitcoin rewards miners. For Bittensor, it rewards developers who contribute to the development of AI technology in a democratized manner.

Because of this, the project has become a top AI-themed ecosystem in the market. However, there are other use cases that TAO offers by leveraging blockchain technology.  Two of them include privacy and security. 

The token also allows for governance, meaning that holders can vote on proposals on the network. To learn more about TAO, and its current market status, check the next segment.

Bittensor (TAO) Current Market Status

With a market cap of $3.25 billion, TAO changed hands at $477.50.  This price was a 10.82% increase in the last 24 hours. The trading volume also increased by 48% to hit $89.79 billion. The increase in volume was a sign of increased interest in the token, especially with the buzzing AI narrative and intersection with blockchain technology.

One of the reasons TAO was able to experience a quick increase was because of its maximum supply which is 12 million. This is the same as the maximum supply of Bitcoin (BTC). Out of this, 6.81 million are in circulation. You can buy TAO on Binance, Gate.io, Bybit, and MEXC.

Bittensor (TAO) Price Analysis

Since it was launched, TAO’s price has increased an amazing 373,467.23%. As a result, the cryptocurrency has been able to have the attention of the market. However, this incredible price performance does not mean that the price could continue to move at such a pace. In the section, Coin Edition looks at the price prediction from 2024 to 2030.

Bittensor (TAO) Price Analysis – Bollinger Bands

When it comes to the Bollinger Bands (BB), Coin Edition noticed that the indicator expanded on the 4-hour TAO/USD chart. This was a sign that volatility around the cryptocurrency was high. However, it was also noteworthy to mention that the upper band of the BB touched TAO’s price at $480.

Situations like this imply that the token was overbought. As such, it was not surprising that the price of the token tumbled moments after, and had fallen below $460. If buying pressure increases, TAO’s price might rally and hit $500 in the short term. On the other hand, failure to attract a high level of buy orders could send the price as low as $420.

Bittensor (TAO) Price Analysis – Relative Strength Index (RSI)

Indications from the Relative Strength Index (RSI) showed that TAO was overbought in the early hours of May 23. Around this time, the RSI, which indicates momentum, was over 74.15. However, the indicator’s reading fell at press time, suggesting that the bullish momentum was waning.

Considering the downturn, the price of TAO could head further down unless bears are pushed out of the market.

Bittensor (TAO) Price Analysis – Moving Average Convergence Divergence

On the 4-hour timeframe, the Moving Average Convergence Divergence (MACD) was positive. Typically, a positive reading of the MACD indicates a bullish momentum. However, this also depends on the signals indicated by the short and long Exponential Moving Averages.

As of this writing, the 12 EMA (blue) and the 26 EMA (yellow) were around the same spot. A position like this implies that buying and selling momentum was almost the same strength. Should the shorter EMA rise above the longer one, a bullish bias could be validated. But if it is the other way around, TAO’s price might decrease.

Bittensor (TAO) Price Prediction 2024

In the long term, TAO’s price might revisit its all-time high and cross it. But before that, the price of the token might fall. Coin Edition came to this conclusion after observing the double-top pattern on the 4-hour chart.

This pattern is bearish as it implies that the price has hit its peak and was in line for a significant reversal. From the chart below, the pattern could send TAO’s price down to $418 or below. However, the Supertrend indicator suggested a buy signal at $414.80.

Therefore, if TAO plummets without bulls resisting the decline, an entry point could be around the aforementioned price. But when the token rebounds, the movement up the charts could be harder, and a rise to $1,320 could happen before the end of the year.

Bittensor (TAO) Price Prediction – Resistance and Support Levels

In terms of resistance and support, Coin Edition was able to identify specific levels. First off, there was strong support at $361.72 which served as a solid reason TAO was able to break out. However, resistance at $438.08 drew the upswing back before bulls were able to regain momentum.

To the upside, another resistance appeared at $490.10. The ability to break this resistance could send the token price higher. But if the attempt gets rejected, TAO could drop between $420 and $425.

Bittensor (TAO) Price Prediction 2025

AI is the bedrock of the Bittensor project. As such, strides in the industry are expected to bring about a significant price increase. In 2025, there AI industry is expected to record impressive growth, meaning that tokens under the category like TAO can register a significant hike. If this is the case, TAO’s price could be $2,350.

Bittensor (TAO) Price Prediction 2026

In 2026, TAO might slow down and developments in the machine-learning industry might not be able to come to its rescue. This is because holders of the tokens might decide to take profits off the gains they’ve made. Therefore, the price might fall to $1,138.

Bittensor (TAO) Price Prediction 2027

TAO’s price might decrease again in 2027 as the broader crypto market could be in a bear cycle. If this is the case, the price of the token could be $892 in 2027.

Bittensor (TAO) Price Prediction 2028

According to Statista, the market size of the machine learning industry is expected to hit $298.70 billion in 2028. Considering the growth of the sector in the last few years, this could be attainable. If this is the case, TAO might gain from it, and its price could hit $2,845 in 2028.

Bittensor (TAO) Price Prediction 2029

In 2029, the development of Artificial Generative Intelligence (AGI) could be mainstream, indicating that crypto projects linked to the industry could have a field day by registering higher prices. From the look of things, TAO might break a record during this year and hit $4,000.

Bittensor (TAO) Price Prediction 2030

With the expected expansion of the AI and blockchain collaboration, TAO’s price might jump in 2030. If this is the case, the price of the token could reach $5,550 before the end of 2030.

Bittensor (TAO) Price Prediction 2040

TAO’s price might continue to increase in 2040. By this time, demand for graphic processing units used by machine learning experts might increase. As such, traction on the Bittensior network might be enormous, and its price might cross $8,000.

Bittensor (TAO) Price Prediction 2050

Due to the projected rise in the adoption of cryptocurrencies and AI tools, TAO could leverage this in 2050. Thus, the price of the token might hit five digits to $12,680 by December 2050.

Conclusion

In conclusion, it is unlikely for TAO to produce another 300,000% increase. But nonetheless, the price of the token seems destined to hit a higher value.

However, you should note that this does not mean that you can buy at any price you desire. Therefore, it’s better to look out for dips and spot good entries before committing your capital.

Also, if you plan to buy and hold TAO for a long period, do your research and watch out for developments around Bittensor.

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