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Bittensor (TAO) has made it to the top gainer charts on CoinMarketCap upon surging by more than 12% since last week. The utility-crypto has seen these massive developments due to Grayscale highlighting it as the flagbearer of the fight against centralized AI.
Furthermore, the first look at the latest project within the ecosystem, Dynamic TAO, has also been released, ensuring that the TAO price catches tailwinds from the crypto market.
However, will the momentum continue for this crypto, ensuring that the token grows?
Bittensor Price Moves up 12% In a Week
CoinMarketCap shows that Bittensor has moved up by more than 12% in a week. However, the majority of this increase has happened in the last four days, as indicated by the continuous string of green candles forming a bullish engulfing pattern.
However, while the current news is positive, this trend has broken down before as TradingView also shows that a descending channel pattern has formed for the cryptocurrency since December 2024.
The TAO price is around the $420 mark at the time of writing, and to break the pattern, it has to form a support above the $450 mark and show enough consecutive greens to get close to the $750 level. With a market cap of around $3.4 billion, Bittensor (TAO) remains a high-cap token.
Approval of Dynamic TAO – The Key Reason Beyond Bittensor’s Recent Price Action
While the similarity of the rising pattern to the previous one does make most skeptical since what follows next could be a correction, Bittensor’s recent surge is likely due to reasons beyond technicals.
And that reason is the introduction of Dynamic TAO.
According to the official documents of Bittensor, Dynamic TAO is the “planned evolution of integrated tokenomic and governance model that underlies the Bittensor Network.” This evolution is now live and is currently being voted on in the senate upgrade to mainnet.
While the voting is ongoing, Bittensor Foundation has just given the first look at the first few pages of the whitepaper through a tweet on X.
“It talks about the motivation of what TAO is and the core injection strategy implemented.”
A deeper look into the perks of Dynamic TAO comes from crypto analyst ToodSteez who tweeted that Bittensor’s move into creating a “crypto free market” will ensure that decentralized intelligence is accessible to all.
Grayscale also came out recently to appreciate what Bittensor has done for the world of decentralized intelligence while discussing how the market is going through an AI Sputnik moment.
Like the launch of Sputnik heralded the Space Race between the US and the USSR, the launch of DeepSeek has started the race to lead the AI market between US and China.
“Bittensor helps facilitate the development of open and global AI systems through the use of decentralized networks and economic incentives. By leveraging blockchain technology and a global network of participants, platforms like Bittensor can potentially increase transparency, democratize access, and distribute ownership of AI systems,” the article reads.
It is also important to note that Grayscale also offers Grayscale Bittensor Trust, which allows more investors to check out TAO. This trust is part of the Grayscale Decentralized AI Fund.
Bittensor Price Prediction
Bittensor’s recent price action has been the result of a bounce and a flurry of new developments it is doing in the decentralized AI front. Based on these factors, here are the key TAO price predictions for the short and long term:
Short Term
Bittensor’s recent arrival on the top crypto gainers’ list is quite recent, and while a minor bullish engulfing pattern has formed, the token hasn’t charted high enough to break out of the descending channel. Positive news could emerge for this crypto’s price if this pattern is broken. Thankfully, there are many reasons that could happen.
The first is President Trump’s investment plans involving $500 billion to be funneled into AI development. While this investment is dedicated to centralized AI bodies, it could create a stronger narrative around the need for a decentralized artificial intelligence. Since Bittensor is one of the leading cryptos in this regard, it could gain value.
However, simple narratives may not be enough; people may need to see tangible developments to rally behind Bittensor. So, in the short term (2025-2026), the Bittensor price could be between $500-$650.
Long Term
In the long term, the Bittensor price action would hinge heavily on how well it can stick to its decentralized intelligence narrative, show tangible developments, and be accepted by the broader blockchain community.
The wording around Bittensor is still very complex, and the project is more directed towards developers. Investors still mostly see TAO as an asset worthy of trading. Therefore, technological innovations should be substantial and simplified enough for these investors to be willing to hold the tokens, not just for long-term gains but to contribute to the network.
If these things happen, the Bittensor price can rise again. Under the right market conditions, a $1,000 level is possible for TAO to reach.
This Wallet Can Help Store these High Potential Assets
The current volatile market has made room for many crypto superstars to arrive. However, these assets should be stored in new and innovative wallets that give a broader market spectrum to have access to the crypto market.
Best Wallet is that solution. A decentralized wallet, Best Wallet has introduced more than a few features that make it different from traditional wallets.
This cryptocurrency wallet, like most decentralized crypto storage solutions, does not require any KYC and is self-custodial. Currently, it supports three chains – Ethereum, BNB Smart Chain, and Polygon. However, it will soon be introducing support for Bitcoin and existing chains, including Solana, XRP, Base, and others.
While it has the basic features like sending and swapping cryptocurrencies, it also has buy and sell crypto options. Users can essentially use fiat to buy crypto from this platform and, using the sell off-ramper, get fiat by selling their crypto holdings.
The key attribute that makes it different from the rest, however, is its “Upcoming Tokens” feature. Designed to help investors to not miss out on any early moving opportunities, this benefit lets investors scoop gains by participating in crypto ICOs while they are at their zero stage.
Best Wallet also features a wallet aggregator, which lets users connect their other wallets. This is instrumental in portfolio management, which is another key feature that Best Wallet has.
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