Bittensor’s TAO coin fell after reaching an all-time high in March 2024. Not even the news that the blockchain had undergone its first subnet merger could stop TAO from dropping, and the price fell to a low of below $1.70 before bouncing.
Things picked up, though, and in November 2024, TAO got caught up in a market upturn, with the token peaking above $700 in early December.
There was a downturn after that, though. The rise of the Chinese DeepSeek AI platform didn’t help matters, either, and on Jan. 29, 2025, TAO was worth about $479.85.
Investors will be hoping that the launch of Mode’s Synth AI crypto-forecasting tool on Bittensor will help boost the TAO price.
Let’s examine our price predictions for Bittensor on Jan. 29, 2025. We will also examine the TAO price history and discuss what Bittensor is and does.
Here are the Bittensor price predictions from CCN on Jan. 29, 2025. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.
Minimum TAO Price Prediction | Average TAO Price Prediction | Maximum TAO Price Prediction | |
2025 | $316 | $650 | $754 |
2026 | $400 | $850 | $1,200 |
2030 | $750 | $1,500 | $2,500 |
TAO’s price action suggests a bullish continuation if wave five extends above $650, with a potential peak near $754 based on historical resistance. However, failure to sustain momentum could result in a deeper correction toward $316, making it the lower bound for the year.
By 2026, broader market trends and adoption could push TAO toward $850, with bullish momentum possibly driving it to $1,200. A more conservative outlook considers price stabilization around $400 if the market enters a prolonged correction phase.
Given the long-term growth potential, TAO could reach $1,500 as institutional interest and utility expand. In an extremely bullish scenario, extended wave structures and macroeconomic factors could drive TAO to $2,500, while a bearish outcome may see it retracing to $750.
TAO is in a corrective wave four after peaking at $754 on Dec. 6. It found support around $365 and formed a descending wedge, a bullish reversal pattern. RSI rebounding from oversold levels hints at weakening bearish pressure, though resistance at $587 must be broken for confirmation.
If wave four nears completion, wave five could push above $650. However, dropping below the $399 support could invalidate the bullish outlook and trigger a deeper correction.
The one-hour chart suggests a developing five-wave impulse. Wave one cleared local resistance, while wave two found support at $400. A breakout above $500 would confirm further upside, with wave targets at $565 and $605. Wave five could extend to $671 or $754.
A drop below $399 would invalidate this setup, potentially leading to $316. RSI indicates growing buying strength but nearing overbought territory suggests possible consolidation before further gains. A confirmed breakout above $500 could fuel the next rally.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Jan. 29, 2025, the ATR for TAO was 51.1, a sign of relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 29, 2025, TAO’s RSI was at 57, showing a bullish trend.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 29, 2025, Bittensor scored 31.1 on the CCN Index, suggesting average momentum.
We examined the TAO price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy TAO.
Time to Buy TAO | Best Days, Meeks, Months and Quarters |
---|---|
Best Day | Monday |
Best Week | 47 |
Best Month | November |
Best Quarter | Fourth |
Let’s now take a look at the Bittensor price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a TAO price prediction.
Time Period | Bittensor price |
---|---|
Last week (Jan. 22, 2025) | $432.97 |
Last month (Dec 29, 2024) | $471.97 |
Three months ago (Oct. 29, 2024) | $554.38 |
One year ago (Jan. 29, 2024) | $407.61 |
Launch price (March 6, 2023) | $93.40 |
All-time high (April 11, 2024) | $767.68 |
All-time low (May 14, 2023) | $278.61 |
The market capitalization, or market cap, is the sum of the total number of TAOs in circulation multiplied by their price.
On January 29, 2025, Bittensor’s market cap was about $3.93 billion, making it the 36th-largest crypto by that metric.
Supply | Figures |
---|---|
Maximum Supply | 21,000,000 |
Circulating supply (as of Jan. 29 2025) | 8,215,232 (39.12% of maximum supply) |
In its technical documentation or whitepaper , Bittensor says it wants to help AI work better with markets. It says: “The
solution is a network of computers that share representations continuously and asynchronously, peer-to-peer (P2P) across the internet. The constructed market uses a digital ledger to record ranks and incentivize peers in a decentralized manner.
The chain measures trust, making it difficult for peers to attain rewards without providing value to the majority. Researchers can directly monetize machine intelligence work, and consumers can directly purchase it.”
Bittensor’s TAO coin is a digital currency that incentivizes AI production within a decentralized neural network protocol. Bittensor’s system rewards performance in AI production within a blockchain with their digital currency, TAO.
Bittensor operates on a custom-built blockchain. Interestingly, it originally launched on the Polkadot (DOT) network as a Polkachain before the developers ultimately launched a separate network. The new system, therefore, separates the validation processes from the computational actions.
It is hard to say. Bittensor has struggled recently, and the impact of DeepSeek on the world of AI has had an effect on TAO’s price. However, the launch of Synth suggests that people are looking at combining AI and blockchain on Bittensor, which could potentially stand TAO in good stead.
As always with crypto, you should do your own research before deciding whether or not to invest in TAO.
No one can really tell right now. While the Bittensor crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Bittensor, you will have to do your own research, not only on Bittensor but other coins and tokens such as Ordinals (ORDI). Either way, you will also need to ensure you never invest more money than you can afford to lose.