Bittensor (TAO) Price Prediction 2024, 2025, 2030, 2040 and 2050: Can Bittensor reach $10,000?

The AI narrative is strengthening prominent AI cryptos like NEAR, Fetch.ai and Render. Following which, these tokens have experienced significant buying pressure in the past few months, making people wonder about their future price trajectory.

A similar project that has been at the forefront of AI integration and is leading the charge of AI mania is Bittensor (TAO). The token has surged about 1,338% since September 2023 and has set an alluring bar for novices and crypto veterans.

Source: Trading view

This astronomical surge has made investors wonder about the Bittensor's future and its native token TAO’s price prediction. Also, it has made many skeptical about its next price movement.

Therefore, we have curated this price prediction blog to analyze TAO price targets for 2024, 2025, 2026, 2030, 2040, and 2050, along with the major factors that will act as catalysts for Bittensor (TAO) price prediction.

So, with some curiosity in mind, let's get the crystal ball rolling.

Understanding Bittensor (TAO)

Bittensor is an open-source machine-learning network that provides a collaborative environment for various machine-learning protocols. It allows multiple machine learning models to connect and share their intelligence cost-effectively over a single network.

Traditional AI systems require a lot of computational power for training and development purposes, and for this reason, they can only be handled by large organizations due to the higher costs involved to feed these stochastic parrots. Also, traditional AI systems lack efficiency due to limited resources. Founded in 2019 by AI researchers Ala Shaabana and Jacob Steeves, Bittensor aims to eradicate these bottlenecks.

It does this by creating a fair, transparent, accessible, peer-to-peer marketplace that incentivizes the production of machine intelligence. By leveraging techniques like a mixture of experts (MoE) and distillation, the network allows knowledge producers to sell their resources to those in need. It facilitates the exchange of information between MLAs, encouraging the development of more powerful AI models.

As the nodes of the network contribute their data and knowledge to the users of the Bittensor Network, they are rewarded with TAO tokens.  TAO tokens are used to pay for AI services and other projects on the Bittensor Network. Anyone willing to utilize or connect with various AI models of Bittensor Network, be it IBM, Google, Microsoft, or the ones needing information, will have to pay in TAO tokens only.

Notably, TAO tokens do not have their independent wallets; users can manage and keep their TAO holdings in compatible Polkadot.js wallets. Apart from that, TAO tokens also power the governance and staking on the Bittensor Network.

Interestingly, the total supply of TAO tokens is equivalent to that of Bitcoin, i.e., 21 million, which is designed to limit inflation and maintain the token's scarcity and value over time.

Why is Bittensor(TAO) Rising?

Over the past few months, Bittensor price has experienced a significant upward rally that has caused the TAO token to trade at its new all-time high numerous times, making it the 40th largest crypto by market cap. The foremost reason for this positive trend is the development and uniqueness of the Bittensor network as a single-stop intelligence for all sorts of information. Through its transformative technology, Bittensor allows users and MLAs to access quick information from the collaborative ecosystem of multiple machine learning models, apparently saving considerable time and resources required to train MLA’s and to obtain information from various AI sources. This innovation is positioning Bittensor as a strong contender in the AI realm, attracting considerable interest and investment in it’s TAO token.

Bittensor (TAO) Price History

Source: Coincodex.com

If we closely monitor the Bittensor (TAO) Price chart, we see that the token experienced its first significant upsurge in late 2023, when it rallied from $88.97 (on November 23) to an impressive $665 (in mid-February 2024), rising about 650.14% in just 5 months. This period marked the beginning of significant discussions around AI-driven projects, which set the stage for massive rallies, and  Bittensor was one of them. This remarkable performance of Bittensor (TAO)drew the attention of AI enthusiasts, who began to recognize the project's potential and contribute to the growth of the Bittensor network.

However, it all has just begun, and with a little correction in its prices, the TAO price was geared for an upward trajectory. On March 8, Bittensor skyrocketed to $767, marking a new all-time high in its price history.  By then,  Bittensor had become a Top AI narrative and had attained a market capitalization of $4.66 Billion. It was an unbelievable surge for crypto investors across the globe, and the internet was soon shot up with queries like "Is it too late to buy Bittensor (TAO)?" "Will Bittensor ( TAO) rise more?" and many more.

Following this jaw-dropping surge, a short-term correction was important  to stabilize the technical indicators and at the time of writing, TAO is trading at around $430, in a consolidation phase. This phase is crucial as it often precedes the next potential move in the market.

Bittensor (TAO) Price Prediction 2024

As a prominent AI player, Bittensor definitely encapsulates the room for thriving developments, welcoming multiple AI models to utilize its groundbreaking machine learning functionalities. One notable example is NeuralAI, a 3D asset generation AI model that transforms text prompts and images into 3-D assets, which has incorporated the Bittensor subnet to enhance its computational resources. This integration allows NeuralAI to benefit from high-quality machine learning outputs sourced globally through Bittensor's network. Furthermore, Bittensor's distributed node structure will facilitate the efficient handling of complex tasks and prevent outages, ensuring reliable performance. These kinds of advancements and integrations will likely drive further adoption and interest in Bittensor, potentially leading to continued price appreciation throughout 2024.

Additionally, recent data from TAOstats.io, a TAO on-chain data website, clearly shows the increasing number of accounts on the Bittensor Network exhibiting the profound adoption the Bittensor Network is experiencing.

Source: TAOstats.io

Bittensor is also in the news for a rumored partnership with leading asset manager firm Grayscale. According to reports, Grayscale will be launching a new trust involving TAO tokens. This news itself has fueled bullish optimism in investors, causing the TAO price to surge up to 14% in just one day. If this partnership actually comes into force, the TAO token may see a mega-price trajectory in 2024.

Analyzing all the above factors, our Bittensor (TAO) price prediction for 2024 is:  $800 in favourable conditions, $313 in the event of a market downturn and an average price of $430.

The corresponding Bittensor (TAO) price prediction for 2024 in INR is: INR 66,539 (maximum), INR 26,033 (minimum) and INR 35,765 (average)

Also Read: Near Protocol (NEAR) Price Prediction

Bittensor (TAO) Price Prediction 2025

The major developments in the crypto market in 2024, such as the SEC approving Bitcoin and Ethereum ETFs, have left investors with bullish hopes, whose impact can be seen in the long run, even in 2025. As a result, the entire crypto market is expected to experience upward momentum in 2025, with the prices of major assets surging up to 130%, and Bittensor (TAO) could be one of them.

Furthermore, Bittensor's (TAO) price journey will also depend on its performance and the continued development, experimentation, and expansion of the AI industry. If the AI industry's growth outpaced the historical growth, it could further assist Bittensor's price in reaching higher levels.  However, the crypto market is notorious for sudden downturns and unexpected events, which could significantly impact Bittensor's price movement.

Evaluating the provided information, our Bittensor (TAO) price prediction for 2025 is $1,226 (maximum), $428 (minimum) and $663 (average)

The same Bittensor (TAO) price prediction in INR is: INR 1,01,975 (maximum), INR 35,599 (minimum), INR 52,651 (average)

Bittensor (TAO) Price Prediction 2030

The future of artificial intelligence looks promising, with AI-based technologies delivering substantial solutions and innovations. As the sector continues to grow, AI projects are expected to thrive by 2030. Bittensor, being a prominent marketplace for the training and development of machine learning applications (MLAs), is well-positioned to benefit from this growth by offering cost-effective solutions.

By 2030, if Bittensor establishes itself as a strong player in the AI world, the TAO token's price could reach significant levels. However, the project must ensure robust developments within its ecosystem because the emergence of any formidable competitor could pose major challenges, potentially decreasing Bittensor's utility and adoption in the crypto world.

Reflecting on the given details, our Bittensor (TAO) price prediction for 2030 is: $2,234 (maximum), $1,779 (minimum) and $1,934(average)

The corresponding Bittensor (TAO) price prediction 2024 in INR is: INR1,86,173 (maximum), INR 1,48,255 (minimum) and INR 1,61,172 (average)

Bittensor (TAO) Price Prediction 2040

Well-known experts and analysts across the internet predict that Bittensor (TAO) could trade within a price range of $2,336 to $4,545 by 2040, given the positive outlook on artificial intelligence and blockchain integration.

However, since the crypto market is known for its surprises and high volatility, it is crucial for investors to continuously monitor and assess the project's growth and development to make informed decisions.

Considering the essential aspects the Bittensor (TAO) price prediction for 2040 is standing at $4,545 (maximum), $2,336 (minimum) and $3,178 (average)

The exact Bittensor (TAO) price prediction for 2040 in INR is INR 3,78,764 (maximum), INR 1,94,674 (minimum) and INR 2,64,843 (average)

Bittensor (TAO) Price Prediction 2050

The price of Bittensor (TAO) in 2050 will be directly proportional to its developments, growth, economic conditions, and the adoption of cryptocurrencies. Exciting updates in the crypto market will fuel optimism in Bittensor's price, and conversely, any setbacks could impact it negatively.

The outlook for Bittensor's price in 2050 remains neutral. Experts forecast Bittensor to trade within a broad range of $3,524 to $9,875, reflecting the uncertainty and high volatility typical of the crypto market.

Therefore, Bittensor (TAO) price prediction for 2050 is: $9,875 (maximum), $3,254 (minimum) and $5,436 (average)

The same Bittensor (TAO) price prediction for 2050 in INR is:  INR 8,22,908 (maximum), INR 2,71,163 (minimum) and INR 4,52,995 (average)

Below is a compiled table of Bittensor (TAO) price prediction for 2024, 2025, 2030, 2040  and 2050 in USD:

The same Bittensor (TAO) price prediction 2024, 2025, 2030, 2040  and 2050 in INR is:

NOTE: All INR price predictions in this Bittensor (TAO) Price Prediction blog are based on the current USDT-INR exchange rates (1 USDT = INR 83.33).

Can Bittensor (TAO) reach $10,000?

Bittensor's price has shown a volatile trajectory from late 2023- to early 2024, where it has gained 1,338% in its value in just 7 months. This upsurge was attributed to the growing strength of AI-based projects and the unique functionalities offered by the Bittensor network. At the time of writing, TAO is trading at $412. However, to reach $10,000, Bittensor's (TAO) price will have to gain 2225.58% from its current price levels, which seems possible in the long-term only if Bittensor's adoption continues to grow at the same pace.

To reach $10,000, Bittensor will have to put in a little more effort and showcase substantial growth and adoption over an extended period. Also, one should not forget the TAO token's capped supply of 21 million, akin to Bitcoin. This limited supply could swiftly push the TAO price to an immense $10,000 with the growing demand.

However, it's essential to acknowledge that predicting such price movements with certainty is challenging due to the inherent volatility and unpredictability of the cryptocurrency market.

Factors Influencing Bittensor (TAO) Price

Several factors are likely to influence Bittensor's future price movements:

AI Market Trends: As Bittensor is an AI-driven project, its price is closely tied to the overall sentiment and advancements within the AI industry.

Technological Developments: Innovations and updates within the Bittensor network can significantly impact investor confidence and drive price changes.

Market Sentiment: General market trends, including the performances of Bitcoin and other major cryptocurrencies, can influence TAO's price.

Adoption and Partnerships: Increased adoption, strategic partnerships, and real-world use cases can enhance Bittensor's market position and value.

FAQs

What is the Bittensor (TAO) price prediction for the next bull run?

Focusing on its current achievements, Bittensor (TAO) has firmly established itself as a leading AI-based project, securing the remarkable position of being the fourth-largest AI cryptocurrency by market capitalization. With the attainment of Bitcoin halving, analysts anticipate the commencement of the next bull run by late 2024. During the next bull run, Bittensor (TAO) is projected to experience a substantial surge, potentially exceeding 206% and surpassing the price threshold of $1,226.

Is Bittensor (TAO) a good investment?

Considering Bittensor (TAO) as an investment involves analyzing both short-term and long-term perspectives.

In the short term, Bittensor's recent developments and growing partnerships may contribute to positive price momentum. This could potentially lead to bullish outcomes, with the price forecasted to deliver attractive returns by folding 2X in the upcoming months. Short-term investors may find opportunities for profitable trades based on market sentiment and momentum.

Hopping on the long-term perspective, Bittensor's long-term trajectory is more challenging. While current developments and partnerships may indicate growth potential, it's essential to consider the sustainability of these factors over the long term. Investors should evaluate Bittensor's technology, market positioning, competition, and adoption trends within the broader AI and cryptocurrency landscapes to consider TAO token for long term-investment.

In conclusion, while Bittensor (TAO) may offer short-term investment opportunities driven by recent developments, investors should conduct thorough research and exercise caution when considering its long-term investment potential.

Where to buy Bittensor (TAO) in India?

Flitpay is the best cryptocurrency exchange to buy Bittensor (TAO) in India. Millions of crypto investors trust Flitpay to invest in TAO tokens and other crypto assets with utmost security.

How to buy Bittensor (TAO) crypto in India?

You can easily buy Bittensor in India on the safest crypto exchanges, like Flitpay, with the lowest fees.

To Buy Bittensor (TAO) in India:

1. Register on Flitpay and create an account.

2. Verify your identity through Know-your-customer (KYC)

3. Add INR or Fiat currency, corresponding to the amount of TAO token you want to buy.

4. Instantly buy TAO with the deposited funds.