
In a new video, LecksMoney breaks down whether TAO can realistically get to the $1K range and eventually push beyond its previous highs. His argument is built around Bittensor’s current market cap, the broader AI narrative, and the fact that real subnet products are already beginning to show practical use cases inside the ecosystem.
- At around $311 and roughly $3B market cap, LecksMoney says TAO reaching $1K would require about a $10B market cap, which he frames as realistic compared to other major crypto assets.
- He argues that Bittensor’s bigger thesis is about challenging centralized AI, where companies like OpenAI, Google, Meta, Microsoft, and Anthropic currently control models, data, compute, pricing, and access.
- A key part of his bullish case is Bittensor’s (Yuma) consensus mechanism, which can reward better AI outputs across subnets rather than only validating simple transactions.
- He uses Resi as an example of a live Bittensor subnet with real-world utility, highlighting its work on AI-powered real estate appraisals that can help users generate property valuations and challenge lowball estimates.
- He notes that Resi already has 367 models, a top score around 98%, and a daily prize pool of around $10K, which he presents as evidence that useful applications are already being built on Bittensor.
- On price action, LecksMoney sees current TAO levels as “extreme discounts” and says he is watching accumulation zones, while also making clear that this is not financial advice.
- He also warns that even with strong fundamentals, Bitcoin weakness could still pull TAO lower, potentially creating better entries before any larger move upward.
For the full breakdown, check LecksMoney’s video below:
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