Bittensor TAO
Current Price
$248.30 +0.37%
$8.70 Daily Range (3.50%)
$241.01$249.71
$151.95M Daily Volume
1,948 BTC
Vol/MktCap: 6.38%
Market Performance
0.32% Relative BTC Volume
The total volume of Bittensor is $151.95M over the past 24 hours, compared to $46.77B total Bitcoin volume.
Hourly Moving Average
8 SMA $245.11 +1.30%
13 SMA $244.34 +1.62%
21 SMA $245.12 +1.30%
55 SMA $244.83 +1.42%
144 SMA $246.90 +0.57%
Price Performance
-0.04% 1 Hour Change
$248.30 from $248.39
+1.38% 7 Day Change
$3.42 from $244.88
-27.28% 14 Day Change
-$67.74 from $316.04
-8.00% 30 Day Change
-$19.86 from $268.16
All Time High
March 7, 2024
$757.60 -67.22%
-$509.28 vs. now
24H Change
9.32M USD +0.39%
120 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO Available45.70% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
1.05 x BTC Supply1:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
619.30K TAO
traded over past 24 hours
6.45% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Bittensor AI Market Analysis
Bittensor (TAO) is currently priced at $248.01, reflecting a modest 24-hour change of 0.67%. The daily range of 8.7% indicates notable volatility, with the price fluctuating between a low of $241.01 and a high of $249.71, suggesting active trading dynamics.
Volume stands at 154,132,756, translating to a volume-to-market cap ratio of 6.48%. This relatively high volume indicates solid market interest and liquidity, which can support price movements in either direction, especially given the recent RSI figures.
The 1-hour RSI of 62 suggests that TAO is nearing overbought territory, indicating potential short-term corrections. However, the 7-day RSI of 52 reflects a neutral stance, suggesting that while there is some upward momentum, it is not yet overextended.
Short-term moving averages are largely positive, with the 8 SMA at $245.11 (+1.18%) and the 13 SMA at $244.34 (+1.50%) indicating bullish sentiment. The longer-term moving averages, however, such as the 144 SMA at $246.90 (+0.45%), show a more cautious outlook, as they are closer to the current price and indicate potential resistance.
The price has decreased significantly over the past 14 days, dropping by approximately 26.57%, and the 30-day change shows a decline of nearly 9.47%. Such a downturn could lead to apprehension among investors, making them more cautious about entering new positions.
Given the current price dynamics, with TAO trading below significant resistance levels but exhibiting bullish signals in shorter time frames, a cautious approach is warranted. While there is potential for upside in the near term, the substantial past declines and mixed indicators suggest waiting for clearer bullish signals.
Rating: **Hold**. The short-term indicators show potential for upward movement, but the long-term declines and current resistance levels necessitate caution before making new purchases.
Volume stands at 154,132,756, translating to a volume-to-market cap ratio of 6.48%. This relatively high volume indicates solid market interest and liquidity, which can support price movements in either direction, especially given the recent RSI figures.
The 1-hour RSI of 62 suggests that TAO is nearing overbought territory, indicating potential short-term corrections. However, the 7-day RSI of 52 reflects a neutral stance, suggesting that while there is some upward momentum, it is not yet overextended.
Short-term moving averages are largely positive, with the 8 SMA at $245.11 (+1.18%) and the 13 SMA at $244.34 (+1.50%) indicating bullish sentiment. The longer-term moving averages, however, such as the 144 SMA at $246.90 (+0.45%), show a more cautious outlook, as they are closer to the current price and indicate potential resistance.
The price has decreased significantly over the past 14 days, dropping by approximately 26.57%, and the 30-day change shows a decline of nearly 9.47%. Such a downturn could lead to apprehension among investors, making them more cautious about entering new positions.
Given the current price dynamics, with TAO trading below significant resistance levels but exhibiting bullish signals in shorter time frames, a cautious approach is warranted. While there is potential for upside in the near term, the substantial past declines and mixed indicators suggest waiting for clearer bullish signals.
Rating: **Hold**. The short-term indicators show potential for upward movement, but the long-term declines and current resistance levels necessitate caution before making new purchases.
Updated 106 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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