Bittensor
TAO#30TAO is the coin of Bittensor, a blockchain that pays miners and validators for useful AI work across competing subnets.
- Market cap
- $3.36B
- Volume 24h
- $349.94M
- All-time high
- —
- Circulating supply
- 11.58M of 21M
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
TAO combines a fair launch and a Bitcoin-style 21 million cap with an active AI subnet network, but upgrades are controlled by a small multisig and stake and rewards are concentrated.
Reviewed every 3 months and on major eventsNews: Positive
A quiet period for Bittensor news: the main item was a new share issuance by the Grayscale Bittensor Trust, a sign of continued institutional interest.
Reviewed monthly and when something material happensPrice & market
TAO trades at about 301 after a 30.5% rise over 30 days, well above its 50-day and 200-day averages of 244.3 and 246.5. At this price the upside to 314 is about 4.5%, while the downside to 238 is about 20.8%, so the near-term balance is unfavourable. The hard supply cap, halvings and steady institutional interest support the long view. Centralised upgrade control, concentrated stake and high volatility are the main threats over the next 2–12 weeks; the 260–274 zone offers a better balance.
- Review level
- $238.00
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
Similar halal assets
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