What Is Bittensor Cryptocurrency, and Why Is TAO Gaining Popularity? Is It Possible for TAOUSDT to Reach $10K by 2030?
Bittensor presents a decentralized AI cryptocurrency. TAO is gaining momentum and is robust, achieving a remarkable 12X growth over two years after bouncing back from $30. With backing from Grayscale and a massive global AI crypto market, could TAO be one of the top cryptocurrencies to invest in right now?
Studies indicate that the worldwide AI trading market is poised to reach $2 trillion by 2030, expanding at a staggering 35.9% CAGR until the decade’s end.
Projects in generative AI like Grok, ChatGPT, and similar incremental AI ventures may add $15.7 trillion to the global economy by 2030. While some occupations may be displaced, AI is projected to generate 97 million new jobs, surpassing the 85 million it may eliminate.
It will be intriguing to observe how this sector transforms, yet investors involved in AI projects, especially those utilizing decentralized frameworks, could experience notable returns.
Pioneering investors in Bittensor (TAO) are already enjoying significant rewards and expect even greater returns in the upcoming years, contingent upon Bittensor’s continued contribution to the advancement of AI.
As of mid-May 2025, Bittensor ranks among the leading crypto AI projects and is broadly acknowledged as one of the top cryptocurrencies to acquire.
Although TAO values have dipped, reflecting losses in the past day and week, the project is strategically positioned, illustrating why it remains in the spotlight for favorable reasons.
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What Is Bittensor?
Bittensor stands at the crossroads of two revolutionary technologies.
As a blockchain-based AI initiative, it has garnered interest from investors, developers, and organizations looking to leverage its clear and decentralized AI framework.
This open-source protocol facilitates the development and distribution of AI models, energized by an extensive platform of machine intellect.
All nodes within the Bittensor network, known as neurons, work together to train models, trading network data, and receive rewards distributed in TAO.
Bittensor’s decentralized and open-source characteristics ensure that all participants, including network node operators, receive compensation for their contributions.
Why TAO Is Gaining momentum Now
Considering what Bittensor delivers, it’s evident why TAO has surged 12X from its historical low of $30, surpassing some of the top Solana meme coins along the way.
With Nvidia and crypto AI tokens flourishing, institutions are keen to acquire more, propelling price surges.
Recently, Safello, a Nordic digital currency exchange, liquidated its Bitcoin assets to procure 239.8 TAO.
This decision was methodical.
Frank Schuil, Chairman of Safello, stated that decentralized AI, where Bittensor plays a crucial role, is “one of the most significant technological shifts of our age.”
As Safello increases its stake, Grayscale, which manages spot Bitcoin and ETH ETFs, has recently introduced the Grayscale Bittensor Trust (TAO).
Analogous to GBTC and ETHE, the TAO trust presents institutions with a regulated pathway to invest in TAO. This introduction indicates robust institutional interest and may set the stage for a future spot Bittensor ETF.
Announcing the Grayscale Bittensor Trust $TAO
Accessible to qualifying accredited investors.
Discover more about $TAO and find essential disclosures: https://t.co/GN66eNEdSt pic.twitter.com/1mVF3FyI5t
— Grayscale (@Grayscale) April 28, 2025
On the development side, the team recently unveiled Bittensor v9.5. This enhancement boosts protocol scalability and security, featuring key upgrades.
A principal aspect of this improvement is enhanced validator efficiency, establishing a strong foundation for broadening subnet functionalities.
Concurrently, LayerZero, a vital entity in network interoperability, announced price floor for Bittensor and its subnets.
LayerZero is now operational on Bittensor!
We are excited to share that LayerZero is enabling interoperability for Bittensor and all its subnetworks.
With this partnership, every ERC-20 asset within Bittensor’s EVM can now extend natively to any of the 130+ chains supported by LayerZero today.
The… pic.twitter.com/q7fdqXxWEu
— LayerZero (@LayerZero_Core) May 16, 2025
This integration allows ERC-20 tokens within the Bittensor ecosystem to interact natively with over 130 chains, enhancing available volume and adoption.
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Will TAOUSDT Cross $490?
Whether these developments will lead to an increase in TAO crypto asset values is yet to be determined.
(TAOUSDT)
On the daily chart, TAO has crucial support around $330. Should the bulls maintain this level, Bittensor may rise above $490 towards its 2024 peaks of $750.
If Bittensor “expands” into Asia with developing subnets and institutional investment from the region, I predict an immediate rise to $5000-10000 $TAO in the next 5 years.
The competition in AI between the US and China intensifies daily, as both nations strive to avoid past mistakes… pic.twitter.com/JaAt74962O
— AstroBoy
On X, a commentator suggests that if Bittensor extends into Asia with new subnets and backing from institutions, TAO might soar to $10,000 by 2030.
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Bittensor (TAO) Crypto Gaining Traction: Will It Reach $10k In 5 Years?
- Bittensor is gaining popularity and capitalizes on distributed database technology to build a transparent AI marketplace
- Global AI market expected to reach $2 trillion by 2030
- TAO has increased 12X from 2023 lows of $30
- Could TAO digital currency breach $490 and climb to $10,000 by the end of 2030?
The post What Is Bittensor Crypto, and Why Is TAO Popular? Could TAOUSDT Hit $10K by 2030? appeared first on 99Bitcoins.
