Crypto
TAO Soars as Bittensor's Decentralized AI Market Attracts Trading Attention
Bittensor's TAO token has been on the move in recent days, posting a 4.8% gain over the past 24 hours to reach $257.87, according to CoinGecko data.
The daily volume for TAO reached $183.2M during this time period, with its market cap reaching $2.48B and placing it at rank 37 globally across all digital assets.
This moderate gain is accompanied by real buy-side participation, as indicated by the token's volume-to-market-cap ratio of roughly 7.4%.
In contrast to Bitcoin's own price dip of 0.93%, TAO outperformed BTC on a relative basis by more than five percentage points over this time period.