TAO Price Stabilizes Above $300 Following March Surge

TAO has been steadily increasing after a significant rally in March. Traders on X consider the recent decline to be a typical market adjustment rather than a signal of a downturn, as the interest in Bittensor's AI technology and the associated on-chain metrics keep the token in the spotlight.

Key Takeaways

TAO is currently trading between $311 and $317, showing a small decline of about 3% in the last 24 hours, but it remains a strong performer for the month.
The market capitalization of Bittensor is estimated to be between $3 billion and $3.5 billion, with a circulating supply of just over 10 million TAO tokens.
Trader Michaël van de Poppe views the recent price pullback as a normal market behavior and anticipates potential opportunities for dip buying in the coming weeks.
Despite the recent rebound, TAO is still over 50% below its all-time high near $750, suggesting both growth potential and risk in the current market conditions.

Bittensor's TAO token is currently priced at approximately $311–$317, reflecting a slight decline of around 3% over the past day. Nevertheless, the token has performed exceptionally well this month, especially as more liquidity flows into major AI-related cryptocurrencies rather than smaller caps. Currently, Bittensor's market cap hovers around $3–3.5 billion, with a circulating supply of just above 10 million TAO, which indicates a fully diluted valuation estimated between $6.5 billion and $7 billion based on current pricing.

According to crypto.news’ Bittensor price page, TAO has experienced about a 2% decline in the last day, yet it continues to be one of the top-performing large-cap AI tokens over the past month. Notable trader Michaël van de Poppe expressed his thoughts on X, pointing out, "$TAO is getting there. Every big push has its corrections. This is normal price behavior, not alarming, and we could see opportunities for dip buying in the coming weeks."

His observations come in light of TAO's previous surge to nearly $350 shortly after Bittensor completed its first halving and when subnet staking reached about $620 million in value, before experiencing a partial retreat. A recent article indicated that the March rally pushed TAO's price up over 100%, as subnet valuations surged to nearly $1.5 billion, positioning the token among the top assets in the AI-infrastructure sector.

Bittensor is designed as a decentralized marketplace for AI, rewarding machine-learning models with TAO tokens for inference and training tasks. This functionality places TAO at the core of AI-infrastructure investments rather than mere speculative plays. The network operates with a capped supply of 21 million TAO tokens and follows a halving issuance schedule. This structure has drawn comparisons to Bitcoin's supply model from various analysts, including those from Binance Research, especially with renewed interest around the $280–$300 accumulation zone.

While TAO's performance has seen a recovery this year, it remains more than 50% below its all-time high of around $750. This data highlights both significant growth potential and the risks associated with market corrections for traders betting on the AI narrative. Previous reports from crypto.news chronicled TAO's breakout in March, its peak around the time of the halving, and ongoing debates about the sustainability of prices above $400 in April, showcasing how swiftly market sentiment can shift in light of leverage fluctuations across various trading platforms.

With this context in mind, van de Poppe’s assertion that the recent pullback is “just normal price behavior” is likely to resonate with investors who view TAO's consolidation above the $300 mark as a stable ground for future gains rather than a limit, despite broader movements in the AI-crypto markets being highly affected by macroeconomic risks and the state of the tech sector.

TAO price chart showing post-rally pullback zone