Bittensor TAO

What TAO actually is on-chain

Another asset tracked on this site also uses the ticker TAO: The Anthropic Order (Solana, 9cYXqd…pump). These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For TAO the project publishes a whitepaper, a public source repository and an active account as @opentensor. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where TAO sits in the market

At #36, Bittensor sits in the middle of the large-cap band. This is the part of the table capital rotates through first: when the leaders stall, money moves down into names like TAO, and when risk comes off it leaves here before it leaves the top ten. Spot spreads stay tight through both legs of that cycle; derivative funding does not, and perp basis is usually the earlier signal.

CryptoPingAi is currently streaming 6 live TAO order books (Binance, Gate.io, MEXC, HTX, Upbit, Bithumb). That is coverage in line with a #36 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

TAO against its all-time high

TAO is 68.4% off its $757.60 high (on 2024-03-07). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 3.17x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

TAO across its historical range

The recorded range runs 24.6x, from $30.83 to $757.60 — wide by the standards of traditional assets, moderate for this one's class.

TAO trades roughly 7.76x above its record low of $30.83 (on 2023-05-14). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

TAO supply structure

TAO is capped at 21.0 million TAO, of which only 9.6 million is circulating — 45.7% issued, leaving 11.4 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset TAO is

Bittensor is tagged in the AI category, which in this market is a narrative cluster before it is a technical one. Assets here tend to move together on AI sentiment — often correlating with equity-market AI news rather than with the rest of crypto — and the correlation is strongest exactly when the narrative is hottest. That makes sector rotation, not project-specific news, the usual explanation for a large move.

CoinGecko files TAO under 6 categories, including Artificial Intelligence (AI), Layer 1 (L1), DePIN, Bittensor Ecosystem, Polychain Capital Portfolio.

How to set a Bittensor alert that is worth receiving

Bittensor (TAO) — quoted on 6 venues we stream — high dated 2024-03-07 — rank #36. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →