Bittensor price prediction 2024–2030: Is TAO a good investment?

Key takeaways:

• Bittensor price predictions anticipate a high of $727 by the end of 2024.
• In 2027, TAO will range between $1,076 and $1,319, with an average price of $1,115.
• In 2030, TAO will range between $3,563 and $4,080, with an average price of $3,660.

Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to ensure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystem’s use cases, TAO, which encourages cooperation.

The PoL consensus method TAO uses is revolutionary because it guarantees that only nodes with successful artificial intelligence models receive rewards. It promotes the growth of capable artificial intelligence technology inside the network and upholds high performance. Bittensor uses its cryptocurrency token, TAO, to encourage node operators and AI developers. Because of the token economy, the network’s community is more vibrant and engaged, encouraging creativity and teamwork.

What next for the artificial intelligence-based decentralized machine learning network Bittensor and its token TAO in the remainder of 2024 and beyond? Let’s get into the TAO price prediction and technical analysis.

Overview

TAO price prediction: Technical analysis

Bittensor price analysis: Bearish slide leads to decline below $467.6

TL;DR Breakdown:

• Bittensor price analysis confirmed a downtrend at $467.673.
• Cryptocurrency has lost up to 4.72% of its value during the day.
• TAO coin prices are seeking the resistance level at $621.20.

On December 28, 2024, Bittensor price analysis revealed a downward market trend for the cryptocurrency. TAO/USD value has receded to a $467.67 low over the past 24 hours. If observed overall, the cryptocurrency has lost a major 4.72% of value during the day. The bears have been constantly ruling the market since the past week, resulting in a sufficient loss. 

TAO/USD 1-day chart analysis

The one-day price chart of Bittensor confirmed a declining market trend for the cryptocurrency. Bittensor coin value has depreciated to a low of $467.67 during the day. The declining volatility suggests a low chance of reversal in the coming days. 

The area between the Bollinger bands defines the market volatility. Currently, this area is going under reduction, leading to a declining market volatility. Moving ahead, the upper band of the Bollinger Bands indicator, serving as resistance, has moved to $621.20. Whereas its lower band, acting as the support, has shifted to $413.27. 

The Relative Strength Index (RSI) indicator is present within the neutral area. Currently at 39.74 and still moving downward, this marks a declining market trend. The descending curve on the indicator’s graph refers to a negative market sentiment. Today’s downside creates unfavorable circumstances for the investors. 

TAO/USD 4-hour chart analysis

The four-hour price analysis of Bittensor coin confirmed a decreasing market trend for the currency. TAO/USD value has declined to a low of $467.67 in the past few hours. Red candlestick on the four-hour price chart signifies bearish supremacy. 

The Bollinger bands are widening, confirming a rising volatility. This increase in the volatility signals a higher market unpredictability in the coming hours. Moving ahead, the upper Bollinger band has shifted to $507.64, indicating the resistance point. Conversely, the lower Bollinger band has moved to $451.18, securing the support.

The RSI indicator is present within the neutral area. Its value has dropped down to index 45.39 in the last four hours. The declining curve on the indicator’s graph confirms a downward trend. The selling activities remained dominant over the buying activities today. This downward momentum signals an imbalanced trading environment for the investors. 

Bittensor technical indicators: Levels and actions

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

Is Bittensor TAO a good investment?

TAO is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility as all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030.

What can we expect from Bittensor price analysis next?

Bittensor price analysis gives out a highly bearish prediction regarding the current market events. Cryptocurrency value has dropped down to a $467.67 low in the past 24 hours. Side by side, the cryptocurrency lost up to 4.72% of its value during the day. The negative market sentiment creates the possibility of a further downside soon. Technical indicators as well as the price charts continue to support the cryptocurrency sellers. 

Why is TAO down?

TAO has been decreasing rapidly for the past 24 hours. The coin has decreased to $467.67 amidst rising selling activity, which triggered a massive descent. Bittensor lost substantial value amidst growing sellers’ pressure in the past few hours.

Will Bittensor reach $500?

Yes, Bittensor should rise above $500 in 2025. Its price will range between $590.53 and $713.91 during that period.

Will Bittensor reach $1000?

Yes, Bittensor should rise above $1000 in 2027. Its price will range between $1,188 and $1,437 during that period.

Will Bittensor reach $5000?

Per the Cryptopolitan price prediction, Bittensor TAO prices are unlikely to reach $5000 before 2030.

Does Bittensor have a good long-term future?

According to Cryptopolitan price predictions, Bittensor TAO will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news/ opinions on Bittensor

• TAO.BOT has launched dTAO (dynamic TAO), a system designed to change the distribution process of Bittensor resources. The automated system aims to enhance transparency and efficiency, better facilitating the top-performing subnets. According to the updates, the mechanism will be market-driven and decentralized.

Bittensor price prediction December 2024

A break of resistance will result in a mini bull run, with the next target at $750. This month, it will average at $549, and in a bearish scenario, TAO could drop to $439 at its lowest.

Bittensor price prediction 2024

The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $430 and $727, which is quite near the current Bittensor price, with an average price of $555.

Bittensor price predictions 2025-2030

Bittensor price prediction 2025

The Bittensor price forecast for 2025 sets the high at $642.76 as the Bittensor market revives. The lowest price of TAO for the year will be $519.50, and the average price will be $538.39.

Bittensor price prediction 2026

TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $753.25 and $893.17, with an average price of $774.78.

Bittensor price prediction 2027

The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,076 and $1,319, with an average price of $1,115, as per TAO price forecast.

Bittensor TAO price prediction 2028

The Bittensor price prediction suggests further accelerating TAO’s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum Bittensor’s price of $1,560 and a maximum price of $1,902. The average price for the year will be $1,604.

Bittensor price prediction 2029

According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $2,359 and $2,712, respectively, with a year-round average price of Bittensor of $2,423.

Bittensor crypto price prediction 2030

The Bittensor price prediction for 2030 indicates a price range of $3,563 and $4,080 and an average price of $3,660.

TAO market price prediction: Analysts TAO price forecast

Cryptopolitan’s Bittensor (TAO) price prediction

At current levels, TAO presents the potential to be bullish. According to our predictions, TAO could achieve a high of $727 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $519.50 – $642.76, with an average of $538.39. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

Bittensor (TAO) historic price sentiment

• The TAO token was launched by Bittensor network on March 6, 2023, with an opening price of $93.4.
• Within one week of its launch, TAO dipped below its opening price to the $76 range.
• By the start of April 2024, TAO lost 50% of its value as its price stepped down to $47.
• In May, TAO stepped further down to $30.83 (the lowest value) but started to recover slowly, reaching only $63 by the end of the month.
• In July 2024, TAO recovered up to $86.18, just shy of its opening price, before dipping again.
• TAO traded in the nearly $54 range till October, after which it started to spike.
• Finally, in November 2023, TAO reached the $95 range and peaked at $379 on December 15.
• TAO remained in a downtrend till mid-January 2024 before spiking to an all-time high of $757.60 on March 7, 2024, its highest price paid.
• By April 2024, Bittensor TAO lost almost 25% of its value again by dipping to $522.
• For May, June, and July, the token continued covering a range downward while making small spikes in between, reaching $216 at the start of July.
• TAO jumped to $357 on July 19, while slipping back to $281 by the end of August, 2024. While, the coin traded near $265 range at the start of September.
• In October 2024, Bittensor (TAO) rose till the $660 range before closing at $468.
• In November, TAO rose to a high of $679, and after a slight correction it is trading near $621 mark. on December 3, 2024.

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