Bittensor ($TAO) has surged into the top 6 trending cryptocurrencies on CoinMarketCap following a 33% price increase in October that pushed the token to around $453 and a market cap above $4.5 billion.
The decentralized AI network, which enables users to train and monetize machine learning models through a blockchain-based proof-of-intelligence mechanism, has seen heightened investor attention amid growing interest in AI-related crypto projects.
Analysts link the rally to renewed ecosystem growth, hype around the December halving event, and a $10 million investment from Digital Currency Group (DCG), which have fueled optimism ahead of Bittensor’s upcoming halving in December.
“TAO’s rise underscores the fusion of AI and blockchain as one of the strongest narratives in crypto right now,” said analyst Elena Vasquez.
As of today, $TAO ranks #28 by market cap but continues to outperform larger altcoins in short-term momentum, cementing its status as one of the most-watched assets on CoinMarketCap.
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