Bittensor Price: TAO Live Price Chart, Market Cap & News Today

What is Bittensor?

Bittensor is an open-source protocol that utilizes blockchain technology to create a decentralized machine learning network. This network enables machine learning models to train collaboratively and be rewarded in TAO according to the informational value they offer the collective. Additionally, Bittensor’s TAO grants external access to users, allowing them to extract information from the network while tuning its activities to meet their needs. The ultimate vision of Bittensor is to create a market for artificial intelligence, allowing producers and consumers of this commodity to interact in a trustless, open, and transparent context. Bittensor provides a novel strategy for developing and distributing artificial intelligence technology, promoting open access/ownership, decentralized governance, and global access to computing power and innovation within an incentivized framework. The Bittensor network operates using two types of nodes, servers and validators, with assessments based on the value of their responses. Nodes that add value to the network are rewarded with more stake (TAO), while low-value nodes are weakened and eventually de-registered.

Where can you buy Bittensor?

TAO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Bittensor is, where the most active trading pair TAO/USDT has a trading volume of $10,621,647.80 in the last 24 hours. Other popular options include BingX and Binance.

What is the daily trading volume of Bittensor (TAO)?

The trading volume of Bittensor (TAO) is $42,805,362.66 in the last 24 hours, representing a 4.20% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for Bittensor (TAO)?

The highest price paid for Bittensor (TAO) is BTC0.01335, which was recorded on Mar 07, 2024 (about 1 month). Comparatively, the current price is -41.80% lower than the all-time high price.

What is the all-time low for Bittensor (TAO)?

The lowest price paid for Bittensor (TAO) is BTC0.001148, which was recorded on May 14, 2023 (11 months). Comparatively, the current price is 1,329.20% higher than the all-time low price.

What is the market cap of Bittensor (TAO)?

Market capitalization of Bittensor (TAO) is BTC45,905.6532 and is ranked #41 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TAO tokens (6.6 Million tokens are tradable on the market today).

What is the fully diluted valuation of Bittensor (TAO)?

The fully diluted valuation (FDV) of Bittensor (TAO) is BTC145,533.0401. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million TAO tokens are in circulation today. Depending on how the emission schedule of TAO tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Bittensor compare against its peers?

With a price decline of -18.80% in the last 7 days, Bittensor (TAO) is underperforming the global cryptocurrency market which is up 0.60%, while underperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are down -2.70%.

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About the Author: Daniel