The Bittensor price has lost 30.7% in the last 30 days. According to CoinGecko, the Bittensor price is showing a downward trend. TAO has lost 20.4% in the last seven days.
The price of Bittensor (TAO) has dropped 30.7% over the last 30 days, according to CoinGecko.
The token, which is designed to power an Artificial Intelligence (AI) network, reached its local all-time high (ATH) for the last 30 days on May 23, reaching $482.90.
After peaking, the price of TAO began to decline, dropping to $375.62 on Jun. 3. There was a brief surge again when TAO almost recovered its May ATH, stopping at $433.75.
However, the price was unable to stay in the $400 range and continued to fall. At the time of writing, TAO is trading around $261.48.
Bittensor price history for the last 30 days. Source: CoinGecko
Bittensor is one of the major crypto projects in the AI sector, but it is not very active on its social media. On May 18, it announced the Bittensor Wallet, which includes staking.
On Jun. 17, Bittensor revealed an updated roadmap, which includes a new Commit Reveal feature.
However, both the Bittensor Wallet and the updated roadmap have not had a positive long-term impact on the price.
Crypto analyst Koryo described the price action as a “capitulation” but also highlighted an opportunity for long-term investors.
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