Crypto
TAO Token Surges Amidst Broader Market Correction
Bittensor's TAO token rose 4.8% in the past 24 hours to reach $257.87, according to CoinGecko data.
This gain comes amidst a broader market correction, with Bitcoin dipping 0.93% during the same period.
The token's market cap stands at $2.48B, placing Bittensor at rank 37 globally across all digital assets.
Bittensor operates as an open protocol for decentralized machine learning, where nodes compete to provide useful outputs and validators score those outputs to allocate TAO rewards accordingly.