Bittensor Price Rally, Uber Millionaire Predicts 200X Gains Ahead

Key Insights:

• Bittensor price has surged quickly above its 20 DMA, 50 DMA, and 100 DMA, setting the stage for the next rally ahead.
• Additional catalysts include Jensen Huang’s decentralized AI commentary and Grayscale opening its Bittensor Trust.
• Network participation is rising, with over $620 million in subnet staking and 19% of total TAO supply.

Despite the major headwinds in crypto market, the Bittensor(TAO) price is up by a staggering 100% in the last 24 hours. This comes amid the rising demand for TAO among market players.

Uber millionaire Jason Calacanis has shared a fresh price target for the TAO price. He is expecting it to surge by 200x in the next 5-10 years.

Uber Millionaire Predicts Bittensor Price Rally to $32,000

Early Uber investor Jason Calacanis has made a bold prediction about the price of the Bittensor. In the next 5-10 years, Calacanics believes TAO could accelerate its run-up by 200x from here.

This means that the altcoin could surge to become a $500 billion asset, similar to the the current Ethereum size.

Speaking on his This Week in Startups podcast, Calacanis described the Bittensor project as a “Better Bitcoin.” Besides, he also compared its long-term potential to major blockchain networks like Ethereum and Solana.

Moreover, Calacanis also has direct exposure to the asset. Reports indicate he has personally invested approximately $500,000 in TAO. He also serves as a consulting partner at Stillcore Capital, a fund focused on the Bittensor ecosystem.

Despite this, analysts note several factors attracting attention to TAO. These include a fixed supply of 21 million tokens, the completion of its first halving in December 2024, and growing interest in decentralised AI.

Jensen Huang has also publicly supported decentralized AI models, a narrative that supports the project.

TAO surged 100% over the past month. It now trades near $330 with a market cap of about $3.58 billion. Crypto analyst Crypto Patel has shared future projections for the altcoin.

If Bittensor breaks its all-time high of $720, it could trigger a strong rally. The next upside targets sit at $1,000, $1,500, and even $3,000.

Bittensor Price Shows Bullish Chart Patterns

Crypto research firm 10x Research reported that Bittensor is showing bullish technical momentum. According to the firm, TAO price is currently trading above its 7-day and 30-day moving averages.

This signals continued bullish momentum for the digital asset. Bittensor has also recorded a 19.8% gain over the past week, reflecting rising investor interest.

10x Research noted that the recent price rally was partly driven by comments from Jensen Huang. During his recent podcast interview, the Nvidia founder discussed Bittensor and decentralized AI.

Moreover, Grayscale Investments has recently opened its Bittensor Trust for private placement. This shows rising investor interest in cryptocurrency.

TAO Staking Demand on the Rise

The report from 10x Research also highlights a strong ecosystem growth with TAO staking. The subnet staking has surpassed $620 million, and the number of active subnets has reached 128. This shows expanding network utility and developer participation.

Yuma announced that 19% of the total supply of Bittensor is now actively staked across its specialized subnets. It shows that nearly $691 million worth of TAO supply remains locked.

Yuma said the staked assets have been deployed across specialized subnets designed to support machine learning models and AI-driven services. The rising staking participation also reflects growing institutional interest in decentralized AI infrastructure.

Market observers added that the TAO staking participation has grown significantly over the past thirteen months. These numbers have surged from 19% from

The post Bittensor Price Rally, Uber Millionaire Predicts 200X Gains Ahead appeared first on The Market Periodical.