Bittensor (TAO) jump 140% for 6 weeks as retail sentiment still dey measured
Bittensor (TAO) don rise about 140% for six weeks, extend di strong run after e don do 105% move since March 8 and don reach roughly di 26th-largest crypto by market cap. Social activity dey near record highs for X, Reddit and Telegram, but TAO sentiment look unusually balanced (about 1.5 positive comments for every 1 negative), mean say retail no dey chase di rally like normal altcoin craze.
Di move dey linked to renewed attention on decentralized AI. Bittensor dey run subnet-based AI marketplace where models dey compete and dey earn rewards based on performance, make compute and model outputs "tradable" through TAO token. One analyst still point to ongoing ecosystem progress for Subnet 3 "Templar", including completion of Covenant-72B (they describe am as big decentralized large-language-model pretraining run), wey dey support di bullish story.
For traders, di main question be whether TAO fit hold above prior breakout resistance and consolidate instead of just going vertical. With only around 19% of TAO currently deployed in subnets (many supply dey inactive), get upside if on-chain utilization quicken with di hype cycle—though crowd behaviour so far show less immediate froth.
Bullish
TAO get strong uptrend wey don dey for many weeks and e dey supported by narrative catalysts (like progress for decentralized AI/subnet marketplace such as Covenant-72B for Subnet 3 “Templar”) plus steady attention. Even though sentiment never yet show any extreme retail “froth” wey fit reduce immediate blow-off risk, the calm crowd behaviour fit also mean say price go more likely consolidate above key levels instead of sharply reverse. Another structural point be say only about ~19% of TAO dey deployed into subnets right now, which fit give upside if on-chain utilization increase, supporting continuation once TAO hold resistance and form base. Short-term volatility still fit happen after the earlier spike and pullback, but overall setup favor trend continuation rather than breakdown.