Overview
- TAO has risen more than 100% in March and now trades around $318–$330, with market value near $3.2–$3.5 billion and one-day volume reported at 1.79 million TAO, about 18.7% of supply.
- Bittensor’s subnet tokens together approached a $1.4–$1.5 billion value in late March, and the need to stake TAO to join these subnets is fueling steady token demand.
- The Templar subnet released the Covenant‑72B language model trained across roughly 70 decentralized nodes, and Nvidia CEO Jensen Huang was reported to have praised the effort, with some tests said to top Meta’s Llama 2 (70B).
- On-chain data from CryptoQuant shows buyers have led spot flow since the February low near $154, signaling accumulation rather than a move driven mainly by leveraged bets.
- Chart watchers note $340 as near resistance with a possible path toward $400 if broken, though past golden‑cross cycles have often been followed by ~40% pullbacks and DexCheck rates sell risk as medium with a 77% UPCR.