TAO (Bittensor) increased by 4.63% in the past 24 hours

Gate News Bot Message, January 09, according to CoinMarketCap data, as of press time, TAO (Bittensor) is trading at $284.09, up 4.63% in the past 24 hours, with a high of $300.09 and a low of $242.60. The 24-hour trading volume reached $255 million. The current market capitalization is approximately $3.003 billion, an increase of $133 million compared to yesterday.

Recent Important News about TAO:

1️⃣ Accelerated Development of Developer Ecosystem Bittensor has officially partnered with HackQuest to launch the Build on Bittensor global developer program, marking an important step in the project’s ecosystem expansion. The program focuses on Subnet development, guiding global developers, researchers, and builders through structured learning paths and practical participation to promote engagement in a decentralized AI ecosystem. Previously, the touring activities attracted over 500 developers and AI researchers, demonstrating ongoing interest in Bittensor’s subnet mechanism and decentralized incentive design.

2️⃣ Launch of the First Global Developer Program The Bittensor Subnet Ideathon, an essential part of Build on Bittensor, has been officially launched. Participants will design and build subnet solutions around the Subnet architecture, gaining practical understanding of decentralized incentives and miner validator collaboration mechanisms, with opportunities to receive cash rewards and ecosystem support. This initiative aims to expand the project’s developer base and promote more innovative applications from concept to deployment.

3️⃣ Market Performance Amid Increasing Competition in AI Sector Amid intensified competition in the AI crypto asset sector, TAO maintains a relatively steady upward trend. Although tokens like RENDER and other AI concepts have experienced stronger gains, TAO demonstrates ongoing fundamental development through deepening ecosystem construction and advancing developer programs. The expansion of the developer base and the improvement of the subnet ecosystem provide support for TAO’s medium- and long-term growth.

This message is not investment advice. Investors should be aware of market volatility risks.