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

Key takeaways

• Bittensor price predictions anticipate a high of $455.05 by the end of 2024.
• In 2027, TAO will range between $1,188 and $1,437, with an average price of $1,230.
• In 2030, TAO will range between $3,826 and $4,484, with an average price of $3,961.

Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to make sure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystems 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 networks 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？ Lets get into the TAO price prediction and technical analysis.

Overview

TAO price prediction: Technical analysis

Bittensor price analysis: Downside results in depreciation below $275.907

TL;DR Breakdown

• Bittensor price analysis shows a downside at $275.91.
• TAO prices have declined by 2.25% from its previous close.
• Cryptocurrency seeks resistance around $358.78 high.

On August 14, 2024, Bittensors price analysis revealed signs of a growing bearish trend. Although minor signs of recovery were observed yesterday, the bears have again taken over the market. Currently trading at a $275.91 low, the cryptocurrency has devalued by 2.25% in the past 24 hours. Henceforth, the overall market sentiment remains bearish as sellers rush to sell assets to maintain the bearish lead.

TAO/USD 1-day chart analysis: Coin value sinks to $275.91 amidst downswing

The one-day price chart for Bittensor predicts a highly bearish scenario. During the last 24 hours, the bears bounced back once again. The coin value has receded below the $275.9 margin, which confirms a downward trend. As the price movement remained highly bearish, this is indicative of intense selling pressure compared to the buying pressure throughout the day.

The distance between the upper and lower edge of the Bollinger bands indicator determines market volatility. As the Bollinger bands narrow, this suggests a decline in the volatility levels. The upper limit of the Bollinger bands indicator, acting as resistance, is at $358.78, whereas its lower limit, the support band, is associated at $217.39.

The Relative Strength Index (RSI) indicator shows a descending curve on its graph. Currently residing in the neutral region, its value is 46.83. The RSIs downward movement confirms a highly bearish sentiment and low signs of reversal in the near future. Moreover, this negative progression is indicative of upcoming instability.

TAO/USD 4-hour chart analysis: Cryptocurrency seeks recovery beyond $275.90

The four-hour price analysis confirms an increasing trend for cryptocurrency. TAO coin has improved from $276.093 to $275.90 high amidst the bullish pressure. The earlier hours of the day remained in support of the buyers. However, an upturn in price was reported in the past four hours. This is an encouraging scenario for cryptocurrency buyers.

The Bollinger bands are narrowing down quite rapidly, suggesting decreasing volatility. This decreasing volatility hints at a lower market unpredictability. Moving on, the upper limit of the Bollinger bands indicator, acting as the resistance, is at $292.097. Meanwhile, the lower edge of the Bollinger bands indicator, serving as support, is present at $274.077.

The RSI indicator shows an improvement in its value. Its value has improved up to 42.89 in the past four hours. Currently, it resides within the neutral region, with a sharp descending curve. However, subtle improvement in the RSI has been recorded as the buying activity gained intensity in the past four hours. The buying activities are expected to overpower the selling activities in the upcoming hours.

Bittensor technical indicators: Levels and actionsDaily 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 is facing 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？

TAO price analysis presents a highly bearish scenario regarding the ongoing market events. The coin value has receded to $275.91, losing up to 2.25% of its value during the day. This downward movement confirms the bearish market sentiment and a growing confidence among investors regarding future price decreases. Both the technical indicators and the price charts continue to favor the bears. The circumstances took a bullish turn in the past four hours as an upside was recorded, signaling recovery.

Why is TAO down？

TAO has been devaluing rapidly for the past few days. The coin has devalued to $275.91 amidst the rising selling pressure, which triggered a devaluation, however, the coin has recovered 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 is set to trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news/ opinions

• Bettensor, on August 8, said that it now allows users to view past and future predictions of specific miners, as well as their overall accuracy and total number of predictions made.
• Palaidn, an AI-based security solution provider for crypto payments, said it went live on Bittensor as Subnet 45. The announcement was made on August 8.

Bittensor (TAO) price prediction August 2024

A break of resistance will result in a mini bull run, with the next target at $391. This month, it will average at $299, and in a bearish scenario, TAO could drop to $164 at its lowest.

Bittensor (TAO) price prediction 2024

The technical indicators are bullish on TRX in the second half of 2024. It is anticipated to trade between $407.22 and $455.05, with an average price of $425.21.

Bittensor (TAO) price prediction 2025-2030

Bittensor (TAO) price prediction 2025

The Bittensor price forecast for 2025 sets the high at $713.91. The lowest price for the year will be $590.53, and the average price will be $611.79.

Bittensor (TAO) price prediction 2026

TAO is expected to experience more bullish momentum in 2026. According to the predictions, it will range between $816.12 and $1,014, with an average price of $846.71.

Bittensor (TAO) price prediction 2027

The TAO prediction climbs even higher in 2027; experts suggest the coins price will range between $1,188 and $1,437, with an average price of $1,230.

Bittensor (TAO) TRX price prediction 2028

The analysis suggests a further acceleration in TAO‘s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum price of $1,755 and a maximum price of $2,016. The average price for the year will be $1,805.

Bittensor (TAO) price prediction 2029

According to the Bittensor forecast for 2029, the TAO price will reach a maximum and minimum of $2,609 and $3,078, respectively, with a year-round average of $2,700.

Bittensor (TAO) crypto price prediction 2030

The TAO price prediction for 2030 indicates a price range of $3,826 and $4,484 and an average price of $3,961.

TAO market price prediction: Analysts TRX price forecast

Cryptopolitans Bittensor (TAO) price prediction

At current levels, TAO presents the potential to be bullish in the future. According to our predictions, TAO could achieve a high of $455.05 in the second half of 2024. In 2025, its expected to maintain a trading range of $590.53 – $713.91, with an average of $611.79. 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 $34.7 on July 20, slipping back to $217 on August 5, 2024. Currently, the coin is trading between $284 – $303.