Bittensor (TAO) price has increased following a strong growth prediction made by an influential investor, despite short-term pressure on the asset. In spite of reduced market activity, interest in its decentralized AI potential supports a positive long-term outlook for TAO.
At the time of writing, TAO is trading at $236.28, down 3.86% over the last 24 hours. The token recorded a daily trading volume of $394.55 million and held a market capitalization of approximately $2.61 billion, according to CoinMarketCap.
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Bittensor Price Gains Attention After Bold 200x Prediction
On June 18, 2026, discussions about Bittensor price increased when crypto analyst Crypto Patel pointed out remarks made by investor Jason Calacanis. According to Patel, Calacanis expects that TAO can turn into one of the best-performing cryptocurrencies in the next five to ten years.
TAO is expected to generate up to 200x returns on its current valuation, pushing the coin towards a price tag of $32,000 with a market cap of $500 billion. Calacanis explained that TAO can be seen as an alternative offering of value to the Bitcoin narrative, which could see the project reach the heights of blockchains like Ethereum and Solana.
However, there are indications that Patel pointed out that Calacanis himself is directly involved with the project since reports show that he has personally put money into the project to the tune of $500,000. Calacanis is said to be working as a consulting partner at Stillcore Capital, which is an investment company for Bittensor.
Why Bittensor Continues to Attract Interest
Although there may be varied views on future valuations, some other aspects that continue to contribute to the project’s popularity include the fact that the number of Bittensor tokens is fixed at 21 million, equal to Bitcoin’s maximum supply. Additionally, the project conducted its first halving event in December 2024.
Interest in decentralized AI has only helped make the network even more visible. Decentralized AI is a concept that has the backing of Nvidia CEO Jensen Huang. This has lent some legitimacy to the industry and helped Bittensor gain visibility.
Crypto Patel further added that individuals belonging to his community became aware of the TAO buy signal when the token was being traded in the range of $150-$160. So far, this asset has gained over 160% returns for its early adopters.
Bittensor Price Faces Lower Market Participation
Although the long-term conversations continue to remain lively, recent market data has shown poor participation levels. The volume of trades decreased by 12.03% to reach $582.90 million, showing that there is less participation in the markets among investors. In addition, open interest fell by 10.65% to stand at $242.17 million.
Despite low volumes and open interest, the OI-weighted funding rate stayed positive at 0.0010%. This means that buyers retain an edge in the derivatives market. At the same time, the small value of the funding rate indicates that there is not much confidence regarding the potential rebound of the Bittensor price.
For now, the Bittensor price is still one of the most important issues for investors, since market players are waiting to see if TAO will be able to gain traction again within the booming sector of decentralized AI.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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