Bittensor (TAO) Price Increases Sharply, What is the Cause?

Bittime - Bittensor (TAO) isa crypto coin based on a decentralized machine learning network. Bittensor enables AI developers to collaborate and share machine intelligence through a peer-to-peer. With Bittensor, AI models can connect together and form a digital hive mind.

Bittensor has shown a positive trend recently, as the coin increased by 74.65% in the last 30 days. The medium-term trend for Bittensor is also bullish, with TAO increasing by 146.95% in the last 3 months. 

The long-term picture for Bittensor is also positive, as TAO currently displays a 1-year price change of 514.82%. On this day last year, TAO was trading for IDR 1,499,000.

Bittensor reached its all-time high price on February 16, 2024, when the TAO price reached IDR 10,450,000. The current high cycle is IDR 9,250,000, while the low cycle is IDR 8,300,000. TAO has displayed high volatility recently – the coin’s 1-month volatility is 19.12%. Bittensor recorded 17 green days in the last 30 days.

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According to our Bittensor price prediction, TAO is expected to reach a price of IDR 9,050,000 on March 2, 2024. This would represent a 9.99% price increase for TAO in the next 5 days. Bittensor's price today is IDR 9,014,841 after rising 8.55% in the last 24 hours. The coin outperformed the crypto market, as the total crypto market capitalization increased by 7.51% in the same time period.

Bittensor has a market capitalization of IDR 57 trillion, with a 24-hour trading volume of IDR 245 billion. Circulating supply is 6.3 million TAO, with a maximum supply of 21 million TAO. Bittensor also has a fully diluted valuation of IDR 189 trillion, which means that if the entire TAO supply were in circulation, the current market price would be IDR 9 million per TAO.

Bittensor is one of the most innovative projects in the field of artificial intelligence (AI) and crypto. By using the concept of a decentralized mix of experts, Bittensor can improve the quality and efficiency of machine learning. Additionally, Bittensor also provides economic incentives to AI developers through TAO tokens, which can be used to buy and sell machine intelligence on the Bittensor marketplace.

Bittensor has great potential to become one of the leaders in the AI ​​and crypto industry. With its incredible growth and ambitious vision, Bittensor can attract the interest of many investors and users. 

Therefore, it is not surprising that Bittensor's price prediction is very optimistic and targets significant price increases in the near future. If you are interested in buying or selling Bittensor, you can visit their official website or any crypto trading platform that supports TAO.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Bittensor TAO? Fundamental Analysis & Technical Analysis of Bittensor TAO Price in Rupiah

Guide on How to Claim TAO Airdrop

Examining the Potential of Bittensor (TAO) in 2024

TAO, RNDR, AKT, EFT: Comparison of Leading AI Tokens

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.