TAO Surges 4.8% as Bittensor's Decentralized AI Market Keeps Traders Watching
Bittensor's decentralized AI market continues to attract traders' attention as its native token, TAO, rises by 4.8% in a 24-hour period. According to CoinGecko data, TAO traded at $257.87 and reached a daily volume of $183.2M on April 28, 2026.
The increase in value positions Bittensor at rank 37 globally among all digital assets, with a market cap of $2.48B. This ranking is typically associated with institutional attention and sustained liquidity. The volume-to-market-cap ratio of approximately 7.4% suggests genuine buy-side participation rather than price movement driven by thin liquidity.
In terms of Bitcoin, TAO's value moved from around 0.00322 BTC to 0.00339 BTC over the same period. Considering that Bitcoin's own price dropped by 0.93%, TAO outperformed it by more than five percentage points relative-wise.