- Bittensor ($TAO) is trading around $470 after a 40% monthly surge, bouncing back from recent market corrections.
- Analysts are eyeing a potential breakout above $1,100 as momentum builds following a strong $400 support retest.
- A new LayerZero integration boosts Bittensor’s interoperability, expanding its AI network across 130+ chains.
Bittensor ($TAO) is a decentralized blockchain network that incentivizes users to contribute computing power for training AI models, rewarding participants with $TAO tokens based on their model’s performance and contribution.
Price Action
$TAO is currently trading around $470 with a market cap of $5.15 billion. Notably, it has been a volatile year for the token — surging past $700 before correcting alongside broader market weakness. However, more recently, $TAO has come storming back, gaining over 40% in the past month as buyers return and momentum accelerates.
Credit: CoinGecko
Price Predictions
$TAO recently cleared the key $400 resistance, retested it as support, and is now pushing higher. Looking ahead, analysts remain bullish, noting that with momentum building, a breakout to new all-time highs looks increasingly likely. As such, the first major target widely tracked by market watchers sits over $1,100 if momentum sustains.
Market Sentiment and Developments
Market sentiment toward Bittensor has strengthened, fueled by an improving crypto environment and major ecosystem upgrades. A standout development is the recent LayerZero integration, bringing interoperability to Bittensor’s network and subnets. This upgrade allows every ERC-20 asset within Bittensor’s EVM to natively expand to over 130 other chains — massively extending the network’s reach and unlocking fresh utility for its decentralized AI markets.
Future Outlook
Overall, with interoperability upgrades live and increasing demand for decentralized AI systems, the network is positioning itself as a key infrastructure layer in the emerging AI-on-chain economy.
