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.
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Trading Insights
Buyer Ratio
Traders
2K
129.95%
Buyers
1.7K
161.86%
Sellers
317
29.39%
Searched
2.4K
Market Stats
Market Cap
£2.32B
FDV
£4.90B
Circ. Supply
9.9M TAO
Max Supply
21M TAO
Total Supply
21M TAO
Performance
Popularity
#37
Dominance
0.08%
Volume (24H)
£122.17M
101.63%
Volume (7D)
£951.57M
Volume (30D)
£1.54B
All time high
£562.46
Price Change (1Y)
-32.86%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Bittensor has decreased by 0.06% in the last hour and decreased by 3.30% in the past 24 hours. Bittensor’s price has also fallen by 7.47% in the past week. The current price is £233.87 per TAO with a 24-hour trading volume of £122.17M. Currently, Bittensor is valued at 58.42% below its all time high of £562.46. This all-time high was the highest price paid for Bittensor since its launch.
The current circulating supply of Bittensor is 9,933,300.796 TAO which means that Bittensor has as total market cap of £2,317,081,100.43.
Market details
TAO vs markets
↘ 62.1%
TAO vs BTC
↘ 62.09%
TAO vs ETH
↘ 58.57%
Tags
ai-big-data
distributed-computing
oracles
dao
+6
Network & Addresses
Network | Address | |
|---|---|---|
Bittensor | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £233.87 | ↘ 3.49% |
1 Day | £243.01 | ↘ 3.30% |
1 Week | £251.31 | ↘ 7.47% |
1 Month | £269.03 | ↘ 13.04% |
1 Year | £353.93 | ↘ 32.86% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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 within the network.
Bittensor (TAO) is a decentralized machine learning network that aims to create a marketplace for artificial intelligence (AI) models. It rewards participants with TAO tokens for contributing computational power and training models. The network connects AI models with a decentralized database, allowing for improved collaboration and resource sharing.
Bittensor operates as a blockchain that allows users to stake TAO tokens, which grants access to the network. Those who contribute valuable machine learning models are rewarded with tokens, based on the value their models bring to the network. This creates an AI marketplace that is decentralized and aims to democratize access to machine learning.
The primary use case of Bittensor is to provide a decentralized environment for training and exchanging machine learning models. Developers and AI researchers can monetize their models by contributing them to the network, while users can leverage the models for improved computational tasks. The system encourages innovation by rewarding those who improve the network’s performance.
Bittensor was created to bridge the gap between blockchain and artificial intelligence, addressing challenges such as centralized control over AI.
We update our Bittensor to GBP currency in real-time. Get the live price of Bittensor on Coinbase.
The current market cap of Bittensor is £2.32B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bittensor is £562.46. 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 £122.17M.
Assets that have a similar market cap to Bittensor include Bitget Token, Aptos, NEAR Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bittensor is 9.9 million.
Bittensor ranks 138 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.
Social stats
Popularity in posts
#17
Contributors
4,045
Posts
11,102
% About Bittensor
0.79%
Articles
12
Hold times
0 days
X (Twitter)
50.48% bullish
Sentiment
4.3 ★
Highlights
4,045 unique individuals are talking about Bittensor and it is ranked #17 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 86 out of 5. Finally, Bittensor is becoming less newsworthy, with 12 news articles published about Bittensor.
On Twitter, people are mostly bullish about Bittensor. There were 53.55% of tweets with bullish sentiment compared to 6.07% of tweets with a bearish sentiment about Bittensor. 46.45% of tweets were neutral about Bittensor. These sentiments are based on 10676 tweets.
On Reddit, Bittensor was mentioned in 73 Reddit posts and there were 55 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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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.