Publication date: Feb. 13, 2025

Artificial intelligence (AI) and blockchain are coming together in Bittensor, one of the most innovative crypto projects today. With explosive share price appreciation, strong institutional adoption, and revolutionary technology, Bittensor is increasingly seen as a game-changer in both the AI and crypto industries. But can TAO continue its rise?

For those who follow Money Care every week, it is no news that we have looked at Bittensor in depth before. Our earlier in-depth analysis can be read back here: Bittensor, Sept. 20, 2024.

Review of Bittensor: What makes this cryptocurrency unique?

To refresh your memory, in our previous article, we discussed how Bittensor stands out by combining artificial intelligence (AI) and blockchain technology. This allows decentralized AI models to collaborate within an open-source network and be rewarded with the TAO token. With continued advances in AI and increasing interest from large parties in AI-related projects, initiatives such as Bittensor are becoming increasingly relevant to follow.

What makes Bittensor unique:

- AI and blockchain combined: The network allows developers to train and reward AI models within a distributed blockchain system.

- Permissionless innovation: Anyone can contribute to the network, ensuring rapid development and improvements in AI models.

- Strong tokenomics: The TAO token is used for staking, payments, and access to advanced AI functionalities within the ecosystem.

- Self-learning and scalable: The network automatically adjusts based on performance, giving the best AI models more rewards.

In short: Bittensor is not an ordinary cryptocurrency, but an infrastructure for the future of AI.

Recent developments

In recent months, Bittensor (TAO)has strongly positioned itself as a leading player in both the AI and cryptocurrency markets. With technological innovations and growing institutional interest, the project is becoming increasingly relevant to investors and developers.

1. Launch of 'Dynamic TAO' (dTAO) Whitepaper

On Feb. 1, 2025, Bittensor introduced a fundamental change to its emission mechanism with the dTAO upgrade. This upgrade introduces subnet tokens, which reward miners and AI developers based on their contribution to the network. This makes Bittensor more efficient and market-driven, increasing adoption and network activity.

2. Coinbase adds Bittensor to its roadmap
On Feb. 3, 2025, Coinbase announced the addition of Bittensor (TAO) to its official listing roadmap. A listing on Coinbase would significantly increase liquidity, accessibility, and investment interest in TAO.

3. Growing institutional investment and strategic partnerships.

Bittensor is attracting more and more large investors and AI companies. Hedge funds and technology giants are showing interest because of the unique combination of AI and blockchain. Potential partnerships with Nvidia and Google Cloud are also being explored, which could further accelerate adoption.

Share price development of Bittensor (TAO)

Since its launch in 2023, Bittensor has shown a highly volatile price trend. The token started around $80 and reached a record high of $783 within a year. After this peak, investor interest waned, resulting in a decline to a low of $165. Since then, Bittensor has recovered strongly, reaching a new peak of $745 in December.

These price movements underscore Bittensor's volatility. When we previously wrote about Bittensor (TAO), the share price was around $374. Today, more than four months later, the current share price stands at $385.33, representing a modest increase of 3%. Although the long-term gains are limited, there were several times during this period when TAO rose sharply, providing investors with favorable exit opportunities to take profits in the interim.

In addition, Elon Musk had a significant impact on the price of Bittensor last week. He informed the CEO of OpenAI that he wanted to acquire the company for $97.4 billion. This offer caused the stock price to rise from $308 to a peak of $437 within days. However, the CEO of OpenAI Sam Altman immediately expressed no interest in Musk's offer. Still, this again highlights the influence Musk continues to exert on both the stock and crypto markets.

The chart below clearly shows how volatile Bittensor has been over the past six months.

What could drive up the price of Bittensor?

1. AI hype and institutional adoption: Large companies are increasingly investing in AI. If Bittensor partners with Google, OpenAI, or Nvidia, the price could rise further.

2. Expanding the ecosystem: With Dynamic TAO and subnet tokens, the network may become more attractive to developers and investors.

3. Coinbase listing: An official listing would greatly increase TAO's liquidity and awareness.

4. Community and network effects: More developers and AI projects will ensure faster growth and adoption of the platform.