TAO (Bittensor) has increased by 12.80% in the past 24 hours, now trading at $299.50

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.