TAO Surges 12% Amid Renewed AI Sector Demand, Eyes $300 Target
TAO, the token of Bittensor, jumped 12% in value over 25 hours as investors returned to the decentralised artificial intelligence sector. The price increase pushed TAO's market capitalisation towards $2.35 billion and brought $300 back into focus as a potential target for the token.
The surge in value was driven by renewed interest in AI tokens, a technical breakout, and stronger trading volumes. Daily volume climbed above $380 million, more than doubling from the previous period, indicating that the rally was supported by active trading rather than thin market activity.
To reach $300, TAO would need to hold its ground between $240 and $245 and continue to attract demand across the AI sector. The target requires a 22% increase in value, which would add over $500 million to Bittensor's current valuation.