Bittensor’s native token TAO has been on a strong run this month, rising 46% and trading near $277.
What’s driving the surge isn’t hype—it’s real progress.
The network has successfully rolled out its Covenant-72B model on Subnet 3, marking a major step forward in its capabilities. This isn’t just a future promise—it’s a live, high-performance AI model now running on-chain.
And the market has taken notice.
A Breakthrough That’s Fueling Demand
Covenant-72B is a 72-billion-parameter large language model, significantly more powerful than anything Bittensor has deployed before.
This upgrade allows the network to handle enterprise-level compute workloads, which directly increases demand across the ecosystem.
As activity surged on Subnet 3, the impact was immediate:
The subnet’s native token τemplar jumped nearly 200% in under a week
Demand for staking and network participation increased
More capital began flowing into the ecosystem
This shift shows that TAO is evolving beyond a simple governance token—real utility is now driving its price action.
Subnet Growth Signals a Bigger Trend
Interestingly, the biggest gains weren’t in TAO itself—but in the subnet economy around it.
When subnet tokens like τemplar outperform the main token, it often signals a new phase where applications and real use cases start leading growth.
Trading activity supports this trend:
TAO recorded over $250 million in 24-hour volume
Volume-to-market-cap ratio remains strong at 17–19%
This suggests the rally isn’t just speculative—it’s backed by active participation and liquidity.
Can TAO Break Above $300?
Right now, TAO is consolidating just below the $300 psychological level, a key resistance zone.
Bullish Scenario
A strong daily close above $300
Momentum could push price toward $350
Continued volume above $250M keeps the rally intact
Bearish Scenario
Rejection at $300 leads to a pullback toward $240
Losing $265 weakens the current bullish setup
Price may move sideways if broader altcoin momentum fades
The Bottom Line
Bittensor’s recent rally is being driven by something the market rarely ignores for long—real utility and technological progress.
With Covenant-72B now live and subnet activity booming, the ecosystem is entering a new phase. The next big test is whether TAO can break past $300 and sustain its momentum.
