Bittensor [TAO] rallied over 80% in April and jumped 30% last week

Bittensor [TAO] recovered over 80% in April and jumped 30% last week, outperforming top assets like Bitcoin [BTC] and Solana [SOL]. But what's the catalyst behind the explosive upswing?

Bittensor [TAO] recovered over 80% in April and also jumped 30% last week, outperforming top assets like Bitcoin [BTC] and Solana [SOL]. But what was the catalyst behind the explosive upswing?

One factor could be the growing demand for Bittensor subnets (communities building new AI projects on the chain), according to Mark Jeffrey. In his X (formerly Twitter) post, he stated,

“$TAO Subnet total market cap just crossed $500M. That’s a full 10x from 9 weeks ago.”