Bittensor Tao Price Prediction 2023-2030: Will Bittensor Tao Reach $1000?
Latest Tao Price
Total Accounts: 62,115 (Rising). A total of 5600 accounts were added in the last 1 month. The Staking APY is 17.19% (Declining). The Total number of Non-Zero accounts is 25,807. This was 23,108 a month ago.
Staked: 5.1 M (89.4% of Circulating Supply)
Bittensor Tao Price Performance so far
|Last 7 days||+15.2%|
|Last 1 Month||+244.9%|
|Since Launch (2023)||+236081.2%|
The price of Bittensor TAO has surged by nearly 15% over the last day. Additionally, its trading volume has seen a substantial increase of over 80% during this period. Despite the absence of any imminent news, the growing buzz on social media and positive sentiments expressed on these platforms suggest that TAO could be poised for a bullish trend in the near future.
Bittensor Tao – Buy or Sell Poll (New)
- November 23rd: +60.8%
- December 1st: +62.9%
Bittensor Tao Price Prediction 2023-2030, Aggregated
- Bittensor Tao Price Prediction 2023 is $344
- Bittensor Tao Price Prediction 2024 is $401
- Bittensor Tao Price Prediction 2025 is $458
- Bittensor Tao Price Prediction 2026 is $525
- Bittensor Tao Price Prediction 2027 is $575
- Bittensor Tao Price Prediction 2028 is $686
- Bittensor Tao Price Prediction 2029 is $869
- Bittensor Tao Price Prediction 2030 is $1124
Bittensor Price Prediction: Will Bittensor Tao Reach $1000?
In order for Bittensor to reach $1000, it would need to increase by a factor of 18. At $1000, Bittensor’s Market Cap will be $4 Billion. If Bittensor were to grow at a rate of 25% each year, it would take about 13 years to reach $1000. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1000- Feasible
- Market Cap at $1000- Not Feasible
- Time required to reach $1000 if Bittensor were to rise at 25% per annum- Feasible
Considering the criteria Quality of Investment, growth required, and time required, Bittensor has moderate chance of reaching $1000.
Bittensor Tao Price Prediction Today – Bullish or Bearish?
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Steady|
Bittensor Tao Price Prediction: Is Bittensor Tao a Good Investment?
Bittensor is a decentralized protocol aiming to create an AI marketplace. It seeks to build an ecosystem where developers and researchers can share and collaborate on machine learning models, data, and computing resources via a peer-to-peer network.
The protocol uses blockchain technology to develop an open-source repository of machine intelligence. It provides universal access and harnesses the globally distributed resources of innovation and computational power. The protocol’s essential features include a distributed ledger, open access and ownership, decentralized governance, and an incentive framework.
The Opentensor Foundation and Cerebras have unveiled the Bittensor Language Model (BTLM), a 3 billion parameter language model. Unlike other large models, BTLM can easily integrate into mobile devices with just 3GB RAM, thanks to positive market sentiments and intensive training on the CG-1 supercomputer. BTLM sets a new standard, outperforming existing models by 12%, even matching some 7B models’ accuracy while being memory-efficient.
The BitAPAI Chat and CHAT NI are designed for OpenAI and Bittensor endpoints. These apps showcase Bittensor’s text-prompting capabilities, demonstrating that apps compatible with OpenAI API keys can easily adapt to Bittensor API keys.
A peer-ranking system, central to the protocol, allows machine intelligence to be measured by other intelligent systems. This consensus mechanism encourages participants to contribute computing power, earning rewards by staking Bittensor’s native cryptocurrency Tao. The protocol distributes rewards and network ownership proportionately to the value added by users. To facilitate the creation and deployment of machine-learning models, Bittensor provides developer tools and APIs.
However, Bittensor faces stiff competition from tech giants like Google and Microsoft. It needs to deliver high-quality products and applications to drive user adoption for success. The project is in its early stages of decentralization and needs a robust decentralized governance model as it matures.
The Opentensor Foundation, in collaboration with Cerebras, has introduced the Bittensor Language Model (BTLM), a groundbreaking 3-billion parameter language model.
The Token, Tao can be used to access resources, receive rewards, and for staking. Validators are required to stake a certain amount of TAO tokens as collateral to participate in the network and secure it from potential attacks. Validators are responsible for validating and verifying transactions on the Bittensor network. They earn a block reward in TAO tokens for doing so. However, if they fail to perform their duties properly or act maliciously, they risk losing their staked TAO tokens.
Overall, Bittensor Tao appears to be an excellent AI/ML platform. However, it is unclear as of now if the Tao coin is an excellent case for Investment. At the moment, given its more B2B and Small Business Use cases, we would classify Tao as a Moderate Case for Investment.
Where Can I Buy TAO Crypto?
TAO Crypto is available to be purchased from crypto exchanges such as Bitget, Gate.io and MEXC.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.