Bittensor (TAO) Price climbed above $300 on Friday, marking its highest level since January this year. The token advanced more than 20% over the past 24-hours following remarks from Nvidia CEO Jensen Huang.
His comments referenced decentralized artificial intelligence training connected to the Bittensor network. Investors quickly responded, driving sharp momentum across major trading platforms worldwide.
The wider cryptocurrency market also moved upwards and total capitalization rose to about 2.4 trillion. Bitcoin price was trading at over $70,000, which bolstered optimism among large-cap digital assets.
Ether was trading above the $2,100 mark with sustained institutional buy. Meme coins, including Dogecoin, Pepe, and Shiba Inu, attracted renewed speculative interest from short-term traders.
Podcast Remarks Spark Buying Momentum
The rally gained traction after comments made during a recent All In Podcast episode. Investor Chamath Palihapitiya pointed to a decentralized AI milestone achieved on Bittensor Subnet 3. He explained that contributors used distributed excess computing power to train a $4 billion parameter LLaMA model.
According to Palihapitiya, the achievement was both technically impressive and very unconventional in the AI industry. His comments highlighted the network and its collaborative nature and the developer ecosystem.
This discussion was interpreted by traders as successful exposure of Bittensor to the leaders of technologies.
Jensen Huang has replied that proprietary and decentralized artificial intelligence systems might coexist. He took artificial intelligence as a wide market that could hold a variety of working models. His position was considered as constructive by market participants to decentralized initiatives such as Bittensor.
TAO had been developing a more consistent technical base in the last few weeks. There was steady buildup and chart strengthening preceding the breakout which analysts noticed. The surge pushed the TAO to the firm resistance of the level that is above $300. The gains per week are now over 15%, indicating revived investor confidence.
Bittensor Trading Volume Surges to Highest Level Since November
Bittensor recorded a sharp rise in ecosystem trading activity this week, signaling renewed market momentum. Santiment data shows aggregate exchange volume on the network reached $677.06 million on Sunday, marking its strongest level since November 7. Activity remained elevated afterward.
Source: Santiment dataThe volume climbed to $521.92 million today. The gradual rise indicates the rising involvement of traders and mounting liquidity status. Analysts consider the surge as the strengthening of the bullish forecast of Bittensor in the near future.
Bittensor Price Tests $280 Level With $320 as Next Major Target
As of the reporting, the TAO price climbed to $275, reflecting renewed bullish momentum on the four-hour chart.
The Relative Strength Index stood at 52.3 indicating neutral momentum with a minor bullish inclination. In the meantime, the Chaikin Money Flow remained slightly positive, which signifies capital inflows of a small scale.
A decisive break above $280 could open the path toward the $300 level. Beyond that, analysts are watching the $320 zone as the next major upside target for the future Bittensor outlook.
Source: TAO/USDT 4-hour chart: TradingviewOn the downside, the short term support is still at 260 which coincides with recent consolidation.
Any decline below this can put TAO at risk of falling to $240, where the buyers previously intervened.
Source: https://coingape.com/markets/bittensor-tao-price-surges-20-after-nvidia-ceo-comments/
