The total number of Bittensor Tao accounts reached 62,115 (growing), with a significant increase of 5600 accounts in the last month. However, the staking APY is currently at 17.19% (down), and the total number of non-zero accounts is 25,807, up from 23,108 a month ago
.
Table of Contents:
Performance Overview
The staked quantity is 5.1 million (89.4% of the circulating supply). Compared to the last few weeks, Bittensor Tao’s price performance is remarkable: +15.2% in the last week, +244.9% in the last month, and an incredible +236081.2% since its launch in
2023.
Bittensor Tao Price Forecasts 2023-2030
2023: $280
2024: $334
2025: $391
2026: $458
2027: $508
2028: $619
2029: $802
2030: $1056
Chance to Reach $1000 and Investment Analysis
To reach $1000, Bittensor should grow 18 times, bringing its market capitalization to $4 billion. With a growth of 25% per year, it would take about 13 years. However, considering the quality of the investment, the growth required, and the time needed, Bittensor’s chances of reaching $1000
are moderate.
Bittensor Tao: A Sensible Investment?
Founders: Ala Shaabana, Jacob Robert Steeves
Bittensor is a decentralized protocol that aims to create a market for Artificial Intelligence. The ecosystem encourages sharing and collaboration between developers and researchers on machine learning models, data and computing resources through a peer-to-peer network
.
The protocol uses blockchain technology to develop an open-source repository of artificial intelligence, offering universal access and exploiting the resources of innovation and computational power distributed globally. Essential features include a distributed ledger, open access and ownership, decentralized governance, and an incentive framework
.
BTLM Language Model and Competition in the Sector
The Opentensor Foundation and Cerebras presented the Bittensor Language Model (BTLM), a language model with 3 billion parameters. BTLM stands out for its efficiency, surpassing existing models by 12%, and can be easily integrated into mobile devices with only 3GB
of RAM.
Peer-Ranking System and the Role of the Tao Token
A peer-ranking system, central to the protocol, allows the measurement of artificial intelligence by other intelligent systems. This consensus mechanism encourages participants to contribute computing power, earning rewards by staking the native cryptocurrency Tao. Bittensor provides tools and APIs to facilitate the creation and deployment of machine learning models
.
However, Bittensor faces tight competition from tech giants like Google and Microsoft. To be successful, it is necessary to deliver high-quality products and applications, as well as develop a solid decentralized governance model
.
Bittensor Tao: A Moderate Investment
The Tao coin seems to be an excellent asset for artificial intelligence and machine learning. However, in terms of investment, we currently classify Tao as a moderate case, especially considering current B2B and small business applications
.
Where to Buy TAO Crypto
TAO Crypto is available on several exchange platforms such as Bitget, Gate.io, and MEXC.
In conclusion, Bittensor Tao represents a solid opportunity in the field of AI, but investors should carefully evaluate the competitive landscape and future implementations of the protocol.
Bittensor FAQ
Welcome to our FAQ guide dedicated to Bittensor, an emerging cryptocurrency that is attracting the attention of investors. We will answer the most common questions clearly and objectively to provide you with all the information you need
about Bittensor.
Where can I buy Bittensor?
You can buy Bittensor on different cryptocurrency exchange platforms such as Bitget, Cofinex, gate.io, and MEXC. Currently, Bittensor is listed on 4 exchanges. The most popular platform for TAO at the moment is Bitget
.
What is the best exchange platform to buy Bittensor?
At the moment, the best exchange platform to buy TAO is gate.io, which has recorded a trade worth $930,502 in the last 24 hours. However, you also have other options like Cofinex, Bitget,
and MEXC.
Where can I buy Bittensor with fiat currency?
You can buy Bittensor with fiat currency on Kraken, one of the most established platforms in the cryptocurrency industry. At the moment, Kraken is trading Bittensor in pairs with the US Dollar and the Euro. You can buy cryptocurrency on Kraken with a Visa or Mastercard card, or you can fund your account through a bank transfer or
other methods.
Where can I buy Bittensor with USDT?
You can buy Bittensor with USDT on the gate.io exchange platform. gate.io managed a trade worth $930,502 in the last 24 hours.
On which exchange can I buy Bittensor with a credit card?
At this time, it is not possible to purchase Bittensor with a credit card.
What is the trading volume of Bittensor’s last 24 hours?
Bittensor’s trading volume over the last 24 hours is $2.30M. Bittensor is listed on 4 exchanges with a total of 4 trading pairs
.
Which exchange has the highest trading volume for Bittensor?
Currently, the most popular exchange for Bittensor is gate.io, which handled $930,502 worth of TAO exchanges in the last 24 hours.
What is the most popular trading pair for Bittensor?
The most popular trading pair for Bittensor is TAO/USDT. Over the last 24 hours, this pair registered a trade worth $930,502 across 4 different cryptocurrency exchange platforms
.
