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Bittensor price pops 18% to lead top gainers: what next for TAO?

Bittensor price pops 18% to lead top gainers: what next for TAO?

CoinjournalCoinjournal2025/11/01 22:30
By:Coinjournal
Bittensor price pops 18% to lead top gainers: what next for TAO? image 0
  • Bittensor’s native token TAO has surged 18% to $490.
  • The altcoin has outpaced other top gainers amid a broader market uptick in AI-related projects.
  • Bulls have eyes on a breakout above $500.

Bittensor’s TAO token has experienced a sharp rise, climbing double digits to hover just shy of the $500 psychological barrier.

The TAO price had hit an intraday high of $490 at the time of writing.

The move has driven TAO to the top of daily gainers lists, surpassing even privacy-focused coins like Zcash , which had jumped 15% in 24 hours.

ETP hype and AI traction help Bittensor price

The latest catalyst for TAO’s ascent traces directly to institutional advancements.

In particular, as analysts continue to ponder whether the decentralized AI project has the potential to flourish into the Nvidia of crypto. More on this later.

More of the latest gains for TAO come after the October 29 announcement of the world’s first staked Bittensor Exchange Traded Product (ETP).

Deutsche Digital Assets and Safello launched the ETP, which went live as fresh digital asset investment product hype resurfaced.

Bittensor’s growing network and the ETP rollout seem to have come just at the right time for the project- hence TAO’s price gains.

Secured by BitGo Europe and domiciled in Liechtenstein, the product bridges traditional finance with decentralized AI, potentially unlocking billions in European institutional capital previously sidelined by regulatory hurdles.

What’s next for TAO price?

TAO’s price outlook is predominantly bullish. That’s despite it being tempered by inherent crypto volatility and macroeconomic headwinds in the short term.

A sustained close above $500 could catalyse a breakout to $700.

These are the highs seen in December 2024, and above that, bulls will be targeting a new all-time high.

In March 2024, bulls reached the all-time peak of $767.

Crypto analyst Dread Bongo shared this outlook about the token.

This top band on $TAO should act like a magnet here..

– Broken out of year long downtrend
– First ever #Bittensor Halving in 40 days
– Subnet products going live
– Major ecosystem upgrades coming
– Alpha's bottomed out
– Huge subnet partnerships and developments

People are now… pic.twitter.com/rH9hJwPGcY

— DREAD BONGO (@DreadBong0) October 31, 2025

Nvidia of crypto?

Data from CoinGecko shows that the artificial intelligence token category is marginally lower, with a 1.2% dip in total market capitalisation.

Top AI-linked cryptocurrencies such as NEAR Protocol, Internet Computer, Story, and Render have posted 24-hour gains of 2–4%.

Bittensor (TAO), however, has outperformed the group, surging 18% in the past day to maintain its position as the largest AI token by market cap at $4.69 billion.

The rally in Bittensor comes amid renewed investor enthusiasm for artificial intelligence, fueled by gains in AI-focused equities following recent developments from Nvidia and Microsoft.

Yet as investment in Bittensor funds further validates traction, whale accumulation and halving sentiment may be huge catalysts to watch.

 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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