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Bittensor Price Forecast: Will Bears Dominate Above $300? 

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Bittensor Price Forecast: Will Bears Dominate Above $300? 
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Bittensor (TAO) is a decentralized machine learning platform aiming to create a market for Artificial Intelligence. It provides a decentralized platform for users to train, share, and monetize their AI models and in return, they earn TAO tokens. 

It has an algorithmic governance that allows TAO token holders to participate in the governance of the platform. They may vote on proposals to shape the future of the TAO ecosystem. 

Bittensor Price Forecast: Will Bears Dominate Above $300? 

Bittensor (TAO) price has been illustrating some sort of bearishness in recent sessions. The price suffered rejection from the upper levels while attempting to surpass a round level of $300. The bears seem to be active at the upper levels and are trying to take control of the price trend.

Moreover, the TAO/USDT daily chart shows that bulls were in complete domination over the price trend earlier and surged the price from a low of $150 to $300, thus, gaining over 100% return in a very short duration. 

Bittensor Price Prediction 2023

Bittensor Price Forecast: Will Bears Dominate Above $300? 
Source: TAO/USDT By TradingView

It had a 24-hour trading volume of $7.46 Million with a drop of 7.40% as compared to the last day. The live market cap is $1.419 Million and stands 208th among the top cryptos. The volume-to-market cap ratio is 0.51% indicating very low volatility in the market. 

The technical indicators imply a bullish outlook in the short term. The bulls are controlling the price trend which may keep on adding more buying volume to counter the sellers and surge to the upper levels.

The price prediction for 2023 showcases a neutral to bullish outlook. The most optimistic estimate of the analysts expects the price to reach a high of $352 by the year-end. The pessimistic outlook of the analysts hopes the price to decline to $221. 

Bittensor Price Prediction 2024

As per the analysts, the most optimistic target that Bittensor price may achieve is $441.58; indicating an upside potential of 63.15% from the CMP. The minimum analyst price target is $387.22 by the end of 2024. 

Bittensor Price Prediction 2025

Over the next three years, the optimistic view of analysts expects that the TAO price may reach a maximum of $492.28. The price may surpass $458.4 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $422.2.

Bittensor Price Prediction 2026 

The Bittensor price may reach a high of $525.8 if a positive trend prevails for the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $478.1 by 2026. 

Bittensor Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view for Bittensor crypto estimates a price target of $572.91. The minimum price target that TAO may achieve by 2027 is $534.3. 

Bittensor Price Prediction 2028

Over the next five years, Bittensor has a bright future and might show a massive return till 2028. The optimistic analysts estimate that the price may reach a high of $631.60.

The average price target that it may reach by 2028 is $612. On the contrary, the most pessimistic view of analysts expects the price to reach $594.8 in the next five years. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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