According to ChainCatcher, research firm 10x Research published an article on the X platform pointing out that Bittensor (TAO) is gaining momentum driven by both AI narratives and ecosystem expansion. TAO's current price has risen above the 7-day and 30-day moving averages, showing a double bullish signal from a technical perspective. It has risen by 19.8% in the past week, with the total amount of staking on subnets exceeding $620 million and the number of active subnets expanding to 128.
In terms of news, Nvidia CEO Jensen Huang mentioned Bittensor in a well-known podcast, while Grayscale reiterated this week that the Bittensor Trust private placement is now open to qualified investors, further strengthening institutional endorsement.
