Bittensor TAO
Current Price
$282.89 -4.73%
$18.21 Daily Range (6.44%)
$280.44$298.65
$156.31M Daily Volume
1,629 BTC
Vol/MktCap: 5.76%
Market Performance
0.24% Relative BTC Volume
The total volume of Bittensor is $156.31M over the past 24 hours, compared to $64.15B total Bitcoin volume.
Hourly Moving Average
8 SMA $284.25 -0.48%
13 SMA $285.35 -0.86%
21 SMA $288.57 -1.97%
55 SMA $290.15 -2.50%
144 SMA $285.62 -0.96%
Price Performance
-0.77% 1 Hour Change
$282.89 from $285.07
+4.61% 7 Day Change
$13.04 from $269.85
+26.52% 14 Day Change
$75.01 from $207.88
+7.95% 30 Day Change
$22.50 from $260.39
All Time High
March 7, 2024
$757.60 -62.43%
-$472.98 vs. now
24H Change
-126.27M USD -4.44%
-1,316 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
539.86K TAO
traded over past 24 hours
5.62% 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 $282.59, experiencing a notable 24-hour decline of 6.13%. The daily trading range is wide, with a high of $301.63 and a low of $280.44, indicating volatility that can attract speculative traders.
The trading volume of 161,739,720 represents a volume-to-market cap ratio of 5.96%, suggesting healthy trading activity relative to its market capitalization. Moving averages indicate bearish momentum, as the 8 SMA at $286.65 is down 1.42% and the 21 SMA at $291.30 shows a decline of 2.99%, reinforcing a short-term downtrend.
The Relative Strength Index (RSI) indicates oversold conditions on the hourly chart at 21, suggesting a potential price rebound in the short term. In contrast, the 7-day RSI at 50 indicates neutrality, while the 14-day and 30-day price changes of 27.82% and 7.30%, respectively, highlight a recent bullish trend in a longer timeframe.
Despite the recent price drop, TAO remains significantly below its all-time high of $757.60, achieved earlier this year, which could be a factor for long-term investors considering the potential for recovery. The current price action reflects both a market correction and possible investor anxiety given the sharp decline.
Based on this analysis, the recommendation is to Hold. The current oversold condition on the hourly RSI suggests a possible short-term bounce, but bearish moving averages indicate caution in the immediate term. Holding allows for potential recovery while mitigating the risk of further declines.
The trading volume of 161,739,720 represents a volume-to-market cap ratio of 5.96%, suggesting healthy trading activity relative to its market capitalization. Moving averages indicate bearish momentum, as the 8 SMA at $286.65 is down 1.42% and the 21 SMA at $291.30 shows a decline of 2.99%, reinforcing a short-term downtrend.
The Relative Strength Index (RSI) indicates oversold conditions on the hourly chart at 21, suggesting a potential price rebound in the short term. In contrast, the 7-day RSI at 50 indicates neutrality, while the 14-day and 30-day price changes of 27.82% and 7.30%, respectively, highlight a recent bullish trend in a longer timeframe.
Despite the recent price drop, TAO remains significantly below its all-time high of $757.60, achieved earlier this year, which could be a factor for long-term investors considering the potential for recovery. The current price action reflects both a market correction and possible investor anxiety given the sharp decline.
Based on this analysis, the recommendation is to Hold. The current oversold condition on the hourly RSI suggests a possible short-term bounce, but bearish moving averages indicate caution in the immediate term. Holding allows for potential recovery while mitigating the risk of further declines.
Updated 408 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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