Bittensor jumps 19% in AI token frenzy—can $TAO crack $500?

Bittensor ($TAO) saw a significant price increase of 19.27%, currently trading around 374 USD. This surge comes despite NVIDIA’s exclusion of crypto startups and reflects a strong bullish trend in AI cryptocurrencies.

Bittensor’s market capitalization reached 3.24 billion USD, exceeding Near Protocol. With over 6.2 million TAO tokens staked, there’s notable growth, while Grayscale launched a Bittensor Trust for easier institutional access.

Technical analysis shows a bullish trend, with potential resistance at 498 USD. If momentum continues, TAO could reach this target, though a pullback to the 320–330 USD range is also possible before further gains.

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