- Bittensor’s price continued to rise despite a broad downturn in the cryptocurrency market.
- TAO climbed more than 12% amid catalysts such as Grayscale’s Bittensor Trust news.
- Bullish traders could target $715 and then the psychological $1,000 level.
Bittensor (TAO) jumped over 12% in the past 24 hours to rank among today’s top-performing assets, with TAO trading as high as $475 as it moved against the trend of most altcoins.
While this rally coincided with a rebound across decentralized AI protocols, what specifically helped push Bittensor’s price higher?
Why is Bittensor’s price rising today?
TAO’s strong gains closely align with the recent launch of liquid-staked TAO tokens, which improve staking efficiency and liquidity within the Bittensor ecosystem.
Liquid staking allows holders to earn rewards on their TAO without locking tokens, enabling participation in DeFi activities such as lending and yield farming.
Platforms like Tensorplex made this possible by bridging TAO to Ethereum and Base networks and issuing stTAO tokens that represent staked positions.
On October 13, 2025, the Tao app announced the launch of Virtual TAO (vTAO), a new omnichain liquid-staked TAO token powered by LayerZero.
Users can bridge vTAO across any EVM-compatible chain.
The token is available on Base, Ethereum and Arbitrum and is planned to go live on Solana soon.
TAO’s price momentum was also fueled by follow-through from Grayscale-related news surrounding Bittensor.
On October 12, Grayscale filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for a Grayscale Bittensor Trust (TAO).
This filing represents the initial step toward converting the trust into a full SEC reporting company under Section 12(g) of the Securities Exchange Act of 1934.
TAO’s price rose as market participants speculated this move could accelerate the potential launch of a Bittensor exchange-traded product.
TAO price outlook
Despite a plunge to $224 on October 11 during a crypto market sell-off, Bittensor received a lift from the catalysts noted above.
After rebounding to highs near $475, TAO’s technical outlook suggests potential for further upside.
Key daily chart indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), currently favor the bulls.
Chart via TradingView
The daily RSI has climbed to around 71, entering overbought territory but not yet extremely stretched.
This points to buying momentum and investor conviction, and TAO could continue higher before a pullback driven by profit-taking.
Additionally, the MACD recently produced a bullish crossover, and the histogram has expanded, signaling the potential for further gains.
Short-term projections for TAO include a push above the year-to-date high above $500, with bulls likely targeting the December 2024 peak above $715.
The $1,000 level remains a major longer-term target for buyers.
However, risks remain. A broader market correction could allow bears to test lower support in the $300–$360 zone.
Key downside levels to watch are $225 and then $180.