• Bitensor’s native token TAO surged 18% to $490.
• Altcoins outperformed different high gainers amid a broad market rally in AI-related tasks.
• Bulls are eyeing a breakout above $500.

Bitensor’s TAO token has skilled a pointy rally, rising double digits and hovering just under the $500 psychological barrier.

TAO worth had reached an intraday excessive of $490 on the time of writing.

This transfer propelled TAO to the highest of the record of each day gainers, surpassing even privacy-focused cash like Zcash, which rose 15% in 24 hours.

ETP hype and AI traction helps Bittensor worth

The newest catalyst for TAO’s rise will be traced immediately again to institutional progress.

Particularly as analysts proceed to ponder whether or not decentralized AI tasks have the potential to flourish because the Nvidia of cryptocurrencies. Extra on this later.

TAO’s newest beneficial properties come after the announcement of the world’s first staking Bittensor Change Traded Product (ETP) on October twenty ninth.

Deutsche Digital Belongings and Safello have launched an ETP that goes dwell as hype for brand spanking new digital asset funding merchandise resurfaces.

Bittensor’s community enlargement and ETP deployment appear to have come at simply the correct time for the undertaking, leading to a rise in TAO’s worth.

The product, secured by BitGo Europe and headquartered in Liechtenstein, bridges conventional finance and decentralized AI, doubtlessly unlocking billions of {dollars} in European institutional capital beforehand held again by regulatory hurdles.

What would be the worth of TAO?

TAO’s worth outlook is mostly bullish. That is regardless of being cushioned by crypto’s inherent volatility and macroeconomic headwinds within the quick time period.

If the value continues to shut above $500, a breakout to $700 is feasible.

These are the highs seen in December 2024, above which bulls will probably be aiming for brand spanking new all-time highs.

In March 2024, the bull market reached an all-time excessive of $767.

Crypto analyst Dred Bongo shared this outlook on the token.

This high band $TAO It ought to work like a magnet right here.

– Breaking out of a year-long downward development
– First ever #bitensor Halved in 40 days
– Subnet product goes dwell
– Huge ecosystem upgrades coming quickly
– Alpha has hit all-time low.
– Massive subnet partnerships and growth

Folks are actually… pic.twitter.com/rH9hJwPGcY

— DreadBong0 (@DreadBong0) October 31, 2025

NVIDIA of cryptocurrency?

In accordance with knowledge from CoinGecko, the bogus intelligence token class was barely decrease, with market capitalization reducing by 1.2%.

Main AI-related cryptocurrencies equivalent to NEAR Protocol, Web Laptop, Story, and Render recorded beneficial properties of 2-4% in 24 hours.

Nevertheless, Bittensor (TAO) outperformed the group, surging 18% previously day and retaining its place as the most important AI token with a market cap of $4.69 billion.

Bitensor’s rise comes amid renewed investor enthusiasm for synthetic intelligence, fueled by a rally in AI-focused shares following current developments in Nvidia and Microsoft.

Nevertheless, the whale accumulation and halving of sentiment might be a giant catalyst to look at as investments in Bittensall funds additional show traction.