Gate News, March 24 — According to Gate Market Data, as of press time, TAO (Bittensor) is trading at $299.50, up 12.80% in the past 24 hours. The highest price reached $301.70, while the lowest dipped to $264.20. The 24-hour trading volume is $8.3755 million. Its current market capitalization is approximately $2.874 billion.
Bittensor is an open-source protocol that supports decentralized, blockchain-based machine learning networks. Machine learning models collaborate and are rewarded in TAO based on the value of the information they provide collectively. TAO also allows external access, enabling users to extract information from the network and adjust network activity according to their needs.
Recent Important News about TAO:
1️⃣ NVIDIA CEO Jensen Huang’s Public Recognition
NVIDIA CEO Jensen Huang highly praised Bittensor Subnet 3’s technical achievements on the All-In podcast, noting that it successfully trained a 4-billion-parameter Llama model using a fully distributed architecture contributed by multiple parties utilizing idle computing power. This recognition from a top global chip manufacturer’s executive provides strong validation of TAO’s technological value and boosts investor confidence in its distributed machine learning network’s potential.
2️⃣ On-Chain Whale Large-Scale Buying Spree
Two on-chain whales have been accumulating during the recent 20% surge on March 20. One built a $1.1 million long position with 5x leverage, now with a floating profit of 50%. The other opened a position worth $1.72 million, ranking as the second-largest long position on mainstream leverage platforms. The active involvement of large funds reflects market optimism about TAO’s future growth potential and indicates a significant increase in on-chain sentiment driven by positive news.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily (April 17): Musk’s X Money hits a roadblock with New York crypto regulation; Yuga Labs appoints a new CEO
Bitcoin (BTC) is flat at $74,920. A ceasefire between Israel and Lebanon has taken effect, and Trump says Iran agreed not to develop nuclear weapons. Mizuho Bank warns that Musk’s X Money could be affected by New York’s crypto regulation. Yuga Labs replaces its CEO: Greg Solano becomes Chairman of the Board, and Michael Figge takes over. The market is broadly optimistic. A record-high Bitcoin buying wave in the past decade has emerged, suggesting the price may be moving toward $90,000.
MarketWhisper04-17 01:37
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews04-16 11:51
Gate Daily Report (April 16): Tether may have purchased 951 BTC; Virginia enacts crypto property law
Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.
MarketWhisper04-16 01:46
Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards
Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.
GateNews04-15 07:12
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
