About Bittensor

Bittensor is a decentralized network where computers work together to develop AI. Participants who contribute their compute power or AI models can earn TAO. TAO is the network's native token that rewards mining, validating, and staking.

Happening now

AI generated 6h ago

TAO surged ↗25% monthly to lead Dynamic/Trending Assets, despite dropping ↘3% Wednesday evening.

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Trading Insights

Buyer Ratio

70%0%

Traders

1.5K

2.98%

Buyers

1K

0.29%

Sellers

487

7.98%

Searched

2.4K

Market Stats

Market Cap

S$3.67B

FDV

S$6.8B

Circ. Supply

11M TAO

Max Supply

21M TAO

Total Supply

21M TAO

Performance

Popularity

#31

Dominance

0.11%

Volume (24H)

S$397.2M

11.53%

Volume (7D)

S$4.89B

Volume (30D)

S$11.31B

All time high

S$960.82

Price Change (1Y)

28.54%

Additional details

Market details

TAO vs markets

↗ 2.71%

TAO vs BTC

↗ 5.42%

TAO vs ETH

↗ 28.7%

Tags

ai-big-data

distributed-computing

oracles

dao

+6

Network & Addresses

Network
Address

Bittensor

NA

Price history

Time
Price
Change
Today
S$324.33
-1.03%
1 Day
S$325.72
-1.03%
1 Week
S$275.62
+17.84%
1 Month
S$260.37
+25.64%
1 Year
S$458.66
-28.54%

Coinbase insights

Happening now

AI generated 6h ago

TAO surged ↗25% monthly to lead Dynamic/Trending Assets, despite dropping ↘3% Wednesday evening.


Market Position

Commands first position in Dynamic/Trending Assets with ↗25% monthly gains

Trading volume surged ↗18% daily, contrasting broader market's ↘3% decline

Weekly gains of ↗17% significantly outpace broader market trends


Past Stories

(Jun 2024) Proposed validators as fund managers in review.

Source↗

(May 2024) Bridged TAO token to Solana via Wormhole.

Source↗

(Mar 2024) Reached $1.5 billion ecosystem token value.

Source↗

Recent trends

The latest TAO price is S$324.33. Compared to Bittensor's value of S$325.72 from 24 hours ago, there's been a -1% decrease, while the current price is 18% up from S$275.62 which was recorded one week ago. Bittensor's all time high is S$960.82, which was reached on April 11, 2024. This is a -66% change from its price today.

The current circulating supply of Bittensor is 11,325,264. This is 54% of its max supply of 21,000,000 TAO and 54% of its total supply of 21,000,000. The market cap is currently S$3.67B, which is a result of multiplying the current price of Bittensor(S$324.33) by the total supply(21,000,000 TAO). The fully diluted valuation of Bittensor is S$6.80B. The diluted valuation of Bittensor is S$6.80B.

Bittensor had 1,016 buyers, 487 sellers and total 1,452 trades in the last 24h. Bittensor was searched 2,352 times in the last 24h.

FAQ

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. It aims to create a market for artificial intelligence, where machine learning models train collaboratively and are compensated in TAO, the network's native cryptocurrency, based on the value they provide to the collective. Bittensor aims to foster an environment for open and permission-less innovation on a global scale by providing an open-source repository of machine intelligence that is accessible to anyone, anywhere. The protocol also intends to distribute rewards and network ownership to users in direct proportion to the value they contribute.

Bittensor operates by leveraging the capabilities of a distributed ledger to optimize the development and distribution of artificial intelligence technology. It allows users to extract information from the network while tuning its activities to their needs. The protocol uses a unique strategy that harnesses globally-distributed resources of computing power and innovation within an incentivized framework. Bittensor's blockchain enables each market to interact and join into a singular computing infrastructure, creating a hierarchical web of resources that culminate in the production of intelligence. The protocol's core technological innovation is the separation of the chain's core functioning from the running of the validation systems which define the markets for its digital commodity creation.

Bittensor aims to provide a platform for developers to monetize their ideas for resource allocation systems. It can be used by machine learning engineers, intelligence companies, trading firms, network infrastructure companies, data acquisition companies, oracles, infrastructure providers, and mining teams. Bittensor also aims to provide a platform for building applications on top of an incentivized infrastructure. For front-end customers, Bittensor intends to offer access to resources at a more affordable price and without intermediaries. It also aims to ensure that the benefits and ownership of machine intelligence are in the hands of users.

Bittensor's vision for a decentralized AI company has captivated a large number of people in the arenas of Artificial Intelligence and computer science. The protocol's development was driven by a desire for an alternative to the top-down world being created by current technology giants. Bittensor's approach to decentralizing AI and its potential implications for the future of technology have been the subject of discussions and debates. The protocol's development has been marked by significant technical barriers to understanding, which has limited its understanding by non-technical audiences. Despite these challenges, Bittensor has remained committed to its vision of creating a pure market for artificial intelligence.

We update our Bittensor to SGD currency in real-time. Get the live price of Bittensor on Coinbase.

The current market cap of Bittensor is S$3.67B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Bittensor is S$960.82. This all-time high is highest price paid for Bittensor since it was launched.

Over the last 24 hours, the trading volume of Bittensor is S$397.20M.

Assets that have a similar market cap to Bittensor include SHIBA INU, PayPal USD, SUI, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Bittensor is 11 million.

Bittensor ranks 75 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Bittensor is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bittensor guide.

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Social stats

Popularity in posts

#14

Contributors

1,852

Posts

4,250

% About Bittensor

0.909%

Articles

0

X (Twitter)

37.7% bullish

Sentiment

4.3 ★

Highlights

1,852 unique individuals are talking about Bittensor and it is ranked #14 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bittensor has an average sentiment score of 4.3 out of 5. Finally, Bittensor is becoming less newsworthy, with 0 news articles published about Bittensor.

On Twitter, people are mostly neutral about Bittensor. There were 41.89% of tweets with bullish sentiment compared to 11.11% of tweets with a bearish sentiment about Bittensor. 58.11% of tweets were neutral about Bittensor. These sentiments are based on 4041 tweets.

On Reddit, Bittensor was mentioned in 25 Reddit posts and there were 208 comments about Bittensor. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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