About Bittensor

Bittensor is a decentralized network where computers work together to develop AI. Participants who contribute their compute power or AI models can earn TAO. TAO is the network's native token that rewards mining, validating, and staking.

Happening now

AI generated 5h ago

TAO is stabilizing near key price levels as trading participation surged roughly

↗20.61%

over the past day, with

institutional attention from Grayscale's AI fund

adding momentum to the AI narrative.

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S$249.04

Trading Insights

Buyer Ratio

82%0%

Traders

3.3K

25.44%

Buyers

2.8K

24.54%

Sellers

725

35.51%

Searched

5.6K

Market Stats

Market Cap

S$2.71B

FDV

S$5.18B

Circ. Supply

11M TAO

Max Supply

21M TAO

Total Supply

21M TAO

Performance

Popularity

#34

Dominance

0.1%

Volume (24H)

S$460.71M

18.69%

Volume (7D)

S$3.16B

Volume (30D)

S$13.48B

All time high

S$981.31

Price Change (1Y)

Not enough data

50.48%

Additional details

Market details

TAO vs markets

↘ 25.05%

TAO vs BTC

↘ 13.99%

TAO vs ETH

↘ 20.05%

Tags

ai-big-data

distributed-computing

oracles

dao

+6

Network & Addresses

Network
Address

Bittensor

NA

Price history

Time
Price
Change
Today
S$249.04
-4.49%
1 Day
S$257.77
-5.02%
1 Week
S$320.81
-23.82%
1 Month
S$366.54
-33.58%
1 Year
S$497.79
-50.48%

Coinbase insights

Happening now

AI generated 5h ago

TAO is stabilizing near key price levels as trading participation surged roughly

↗20.61%

over the past day, with

institutional attention from Grayscale's AI fund

adding momentum to the AI narrative.


Foundation building after consolidation

Despite a roughly

↘33.47%

monthly decline, recent signs point to stabilization with more people jumping into trading and institutional players eyeing the decentralized AI space.


Trading participation picking up

Trading volume climbed roughly

↗7.23%

over the past day while the number of active traders increased approximately

↗20.61%

over the same period, suggesting renewed interest.


Institutional eyes on AI potential

TAO is holding steady below the $74-75 level with buyers remaining active

, while Grayscale's AI fund rotation brings attention to the sector's long-term potential.

Recent trends

The latest TAO price is S$249.04. Compared to Bittensor's value of S$257.77 from 24 hours ago, there's been a -5% decrease, while the current price is -24% down from S$320.81 which was recorded one week ago. Bittensor's all time high is S$981.31, which was reached on April 11, 2024. This is a -75% change from its price today.

The current circulating supply of Bittensor is 10,985,592. This is 52% of its max supply of 21,000,000 TAO and 52% of its total supply of 21,000,000. The market cap is currently S$2.71B, which is a result of multiplying the current price of Bittensor(S$249.04) by the total supply(21,000,000 TAO). The fully diluted valuation of Bittensor is S$5.18B. The diluted valuation of Bittensor is S$5.18B.

Bittensor had 2,751 buyers, 725 sellers and total 3,343 trades in the last 24h. Bittensor was searched 5,604 times in the last 24h.

FAQ

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. It aims to create a market for artificial intelligence, where machine learning models train collaboratively and are compensated in TAO, the network's native cryptocurrency, based on the value they provide to the collective. Bittensor aims to foster an environment for open and permission-less innovation on a global scale by providing an open-source repository of machine intelligence that is accessible to anyone, anywhere. The protocol also intends to distribute rewards and network ownership to users in direct proportion to the value they contribute.

Bittensor operates by leveraging the capabilities of a distributed ledger to optimize the development and distribution of artificial intelligence technology. It allows users to extract information from the network while tuning its activities to their needs. The protocol uses a unique strategy that harnesses globally-distributed resources of computing power and innovation within an incentivized framework. Bittensor's blockchain enables each market to interact and join into a singular computing infrastructure, creating a hierarchical web of resources that culminate in the production of intelligence. The protocol's core technological innovation is the separation of the chain's core functioning from the running of the validation systems which define the markets for its digital commodity creation.

Bittensor aims to provide a platform for developers to monetize their ideas for resource allocation systems. It can be used by machine learning engineers, intelligence companies, trading firms, network infrastructure companies, data acquisition companies, oracles, infrastructure providers, and mining teams. Bittensor also aims to provide a platform for building applications on top of an incentivized infrastructure. For front-end customers, Bittensor intends to offer access to resources at a more affordable price and without intermediaries. It also aims to ensure that the benefits and ownership of machine intelligence are in the hands of users.

Bittensor's vision for a decentralized AI company has captivated a large number of people in the arenas of Artificial Intelligence and computer science. The protocol's development was driven by a desire for an alternative to the top-down world being created by current technology giants. Bittensor's approach to decentralizing AI and its potential implications for the future of technology have been the subject of discussions and debates. The protocol's development has been marked by significant technical barriers to understanding, which has limited its understanding by non-technical audiences. Despite these challenges, Bittensor has remained committed to its vision of creating a pure market for artificial intelligence.

We update our Bittensor to SGD currency in real-time. Get the live price of Bittensor on Coinbase.

The current market cap of Bittensor is S$2.71B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Bittensor is S$981.31. This all-time high is highest price paid for Bittensor since it was launched.

Over the last 24 hours, the trading volume of Bittensor is S$460.71M.

Assets that have a similar market cap to Bittensor include NEAR Protocol, PAX Gold, Global Dollar, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Bittensor is 11 million.

Bittensor ranks 79 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Bittensor is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bittensor guide.

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Social stats

Popularity in posts

#19

Contributors

1,182

Posts

2,503

% About Bittensor

0.471%

Articles

2

X (Twitter)

46.91% bullish

Sentiment

4.3 ★

Highlights

1,182 unique individuals are talking about Bittensor and it is ranked #19 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bittensor has an average sentiment score of 4.3 out of 5. Finally, Bittensor is becoming less newsworthy, with 2 news articles published about Bittensor.

On Twitter, people are mostly bullish about Bittensor. There were 51.76% of tweets with bullish sentiment compared to 10.34% of tweets with a bearish sentiment about Bittensor. 48.24% of tweets were neutral about Bittensor. These sentiments are based on 2347 tweets.

On Reddit, Bittensor was mentioned in 13 Reddit posts and there were 197 comments about Bittensor. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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