- Bittensor’s native token TAO surged 18% to $490.
- The altcoin outpaced other top gainers amid a broader market rally for AI-related projects.
- Bulls are targeting a breakout above the $500 level.
The TAO token from Bittensor experienced a sharp rally, climbing into double-digit gains and trading just below the key psychological level of $500.
At the time of writing, TAO reached an intraday high of $490.
This move put TAO at the top of the daily gainers list, even outpacing privacy-focused coins like Zcash, which rose about 15% over 24 hours.
ETP Hype and AI Momentum Support Bittensor’s Price
The latest catalyst for TAO’s advance is closely tied to institutional progress.
Analysts are increasingly debating whether a decentralized AI project can capture a share of the institutional capital and influence associated with crypto-native Nvidia-like narratives.
TAO’s recent gains accelerated after the October 29 announcement of Bittensor’s first-ever Exchange Traded Product (ETP).
Deutsche Digital Assets and Safello launched the ETP amid renewed interest in digital asset investment products.
The expanding Bittensor network and the new ETP appear to have arrived at an opportune time for the project, helping drive TAO’s price higher.
Custodied by BitGo Europe and regulated in Liechtenstein, the ETP blends traditional finance with decentralized AI, potentially unlocking billions of euros in European institutional capital that had previously been constrained by regulatory barriers.
What’s Next for TAO’s Price?
Price forecasts for TAO are mostly bullish, despite typical crypto volatility and near-term macroeconomic headwinds.
A sustained close above $500 could fuel a run toward $700.
That level matches peaks seen in December 2024; surpassing it would put bulls in position to pursue a new all-time high.
TAO’s prior record high occurred in March 2024, when bulls pushed the token to $767.
Crypto analyst Dread Bongo shared a bullish outlook for the token, noting several supportive factors including a breakout from a year-long downtrend, an upcoming halving, subnet product launches, major ecosystem upgrades, and large partnerships and developments.
This top band on $TAO should act like a magnet here..
– Broken out of year long downtrend
– First ever #Bittensor Halving in 40 days
– Subnet products going live
– Major ecosystem upgrades coming
– Alpha’s bottomed out
– Huge subnet partnerships and developmentsPeople are now… pic.twitter.com/rH9hJwPGcY
— ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) October 31, 2025
Nvidia in Crypto?
CoinGecko data shows the AI token category was slightly lower overall, with total market capitalization down about 1.2%.
Leading AI-linked cryptocurrencies such as NEAR Protocol, Internet Computer, Story, and Render returned modest 24-hour gains in the 2–4% range.
However, Bittensor (TAO) outperformed the cohort, jumping roughly 18% in the last day and retaining its position as the largest AI token by market capitalization at approximately $4.69 billion.
Bittensor’s rally is occurring alongside renewed investor enthusiasm for artificial intelligence, a trend also reflected in rising AI-focused equities following recent news from Nvidia and Microsoft.
As investment products tied to Bittensor gain acceptance, whale accumulation and shifts in sentiment will be important catalysts to monitor—they could significantly amplify price moves in either direction.
Overall, TAO’s short-term trajectory depends on market-wide risk appetite and whether institutional inflows into products like the new ETP continue to grow.