Is Bittensor Set to Skyrocket Past $400? Nvidia’s Praise Could Power a $1.5B Surge!

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Will Bittensor price surge past $400 in April as subnet valuation approaches $1.5 billion?

The price of Bittensor more than doubled in March, driven by increased use of its subnets and a positive mention from Nvidia’s CEO, Jensen Huang.

Summary

  • Bittensor price surged over 100% in March, driven by growing subnet utility, AI model advancements, and a high-profile endorsement from Jensen Huang.
  • Subnet ecosystem growth pushed cumulative token valuation close to $1.5 billion, reinforcing demand for TAO through staking and participation mechanisms.
  • Technical indicators remain bullish, with price holding an ascending channel and targeting $400, while a drop below $300 could trigger a deeper correction.

Bittensor (TAO) saw a significant price increase, jumping over 121% to reach a year-high of $371 on March 25, according to crypto.news. As of this writing, the price has come down slightly to $318.

There are three main catalysts that have been driving Bittensor’s price this month.

As an analyst, I’ve been following Bittensor closely, and the recent public praise from Nvidia CEO Jensen Huang was a significant moment. He specifically highlighted their decentralized training of the Covenant 72B model – a very complex AI – as a real technical breakthrough. This endorsement wasn’t just positive for the crypto community; it significantly boosted Bittensor’s credibility with a wider audience and seems to be attracting interest from institutional investors.

Furthermore, the successful launch of Covenant 72B, a powerful AI model with 72 billion parameters, on the Templar network demonstrated the network’s capability to manage demanding AI tasks. Initial findings suggest Covenant 72B performed better than Meta’s Llama 2 (70B) in certain tests, and it was trained using over 70 independent computers.

In late March, the total value of all tokens associated with Bittensor’s subnetworks approached $1.5 billion. Because users need to use TAO to join or support these subnetworks, this created a cycle where more demand for TAO naturally arose.

Bittensor price analysis

Since late February, the price of Bittensor has been moving within a clear upward channel. This pattern usually indicates a consistent, positive trend, with the price repeatedly finding support and resistance along the channel’s upper and lower boundaries.

Other technical indicators also point to continued strength in the market, suggesting buyers are still in control. Specifically, the Supertrend indicator recently turned positive, and the Aroon Up indicator is much higher than the Aroon Down indicator, confirming this upward trend.

Based on current trends, the price of Bittensor (TAO) is likely to increase, with an initial target around $340. This level corresponds to a key technical indicator, the 50% Fibonacci retracement. If the price rises above $340, it could encourage further buying and potentially push the price up to $400.

However, if the price of Bittensor drops below $300 – a level indicated by the 38.2% Fibonacci retracement – its recent upward trend could end, potentially causing a more significant price decrease towards earlier support levels.

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2026-03-30 16:58