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The popular altcoin has surpassed $285 after posting a double-digit daily increase, sparking optimism that its rally could continue in the near term.<\/p>\n
Some forecasts are highly bullish and even implausible (at least for now).<\/p>\n
TAO has performed quite well today (October 16), largely because of the market’s overall resurgence, with Bitcoin (BTC) reclaiming $82,000 and Ethereum (ETH) rebounding to around $2,450.<\/p>\n
On top of that, another catalyst tied directly to the asset’s ecosystem could be in play. Bittensor’s team revealed<\/a> the release of Null Consensus, a major protocol update that expands subnet capacity from 256 to 2,500 participants.<\/p>\n “It introduces a new way to determine miner rewards, giving subnet owners an alternative to Yuma Consensus,” the announcement reads.<\/p>\n<\/blockquote>\n The update also introduces optional proof-of-work registration, letting miners join subnets without spending TAO upfront. Instead of paying a fee, they can now solve a computational challenge using their hardware.<\/p>\n “This opens the door for more miners, including autonomous AI agents, to join Bittensor using compute alone,” the team added.<\/p>\n<\/blockquote>\n The asset has drawn numerous bullish predictions lately, and the latest price increase prompted further commentary. X user Michael van de Poppe said<\/a> he’s started to like TAO’s chart even more because he sees “a clear bullish structure.”<\/p>\n Lucky and Sjuul | AltCryptoGems also weighed in. The former recently\u00a0envisioned<\/a> a potential increase toward $350-$400 by the end of the year, while the latter claimed<\/a> the price has been consolidating within a massive range since the summer of 2024 and that could ultimately give way to an “epic expansion,” assuming macro support levels continue to hold.<\/p>\n For their part, Crypto Candy maintained<\/a> that this is the last chance to buy the asset below $300, expecting a 10x explosion in the midterm.<\/p>\n X user Rob Greer recently made a much more bullish price prediction than the ones above. He projected<\/a> that TAO’s market cap could skyrocket above $1 trillion by 2030, suggesting the asset’s valuation “is moving at the speed of BTC, but the innovation is moving at the speed of AI.”<\/p>\n For now, that scenario seems highly unlikely. The token’s market capitalization is currently below $3.3 billion, meaning it would need to gain over $30,000 to reach that level. On the other hand, the crypto market is known for defying expectations, so who knows what the future might bring.<\/p>\n The post Top Bittensor Price Predictions as TAO Rises 10% Daily<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
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The Crazy Bet<\/h2>\n
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