Bittensor ($TAO) Surges 120% in April: What’s Driving the Rally?
Bittensor ($TAO) surged 120% in April, driven by strong market activity, institutional interest, and AI integrations—boosting bullish sentiment and prompting fresh Bittensor price prediction updates.

Bittensor ($TAO), the top AI-focused cryptocurrency by market share, has seen a major price surge this month. From its April lows, $TAO has climbed over 120%, reaching a high of $388 on April 28 before slightly correcting to around $374. This represents a weekly gain of 19.27%, placing it among the leading performers in the AI crypto sector. With such strong momentum, many investors are now revisiting their Bittensor price prediction, anticipating further gains if bullish conditions continue.

Strong Market Signals

Several bullish indicators have supported this rally:

  • Futures open interest hit a three-month high of $258 million on April 25, rising from $155 million a month earlier.

  • Daily trading volume jumped 87% within a day, topping $208 million, showing growing investor activity.

The funding rate has also flipped positive, indicating that traders are paying a premium to hold long positions. On Binance, the long/short ratio sits at 1.14, reflecting a clear bullish bias.

Institutional Interest Grows

Grayscale Investments has brought fresh attention to Bittensor by highlighting its Bittensor Trust in an April 28 post. Although launched in August 2024, the trust’s revival has reignited interest from institutional investors. Grayscale now holds over $10 million in $TAO, lending the project greater credibility.

Also Read: Stellar Price Prediction 2025, 2026 – 2030

On-Chain Growth and AI Integration

Bittensor’s fundamentals remain strong:

  • Over 6.2 million TAO tokens have been staked, accounting for 72% of the total circulating supply.

  • Integration with DeepSeek AI’s large language models gives users access to advanced AI tools on blockchain subnets.

TAO has now overtaken Near Protocol in market cap, valued at $4.32 billion compared to NEAR’s $3.12 billion. With strong momentum, rising interest, and solid development, Bittensor’s outlook appears promising. 

Bittensor ($TAO) Surges 120% in April: What’s Driving the Rally?

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