Bittensor TAO rallies above $300 as AI-crypto bid returns

Bittensor’s TAO surged above $300, trading around $310–$315 (reported near $314.65) and up about 16% in 24 hours. Reported 24h volume is very high—about $640M to $750M across major data feeds—while market cap is around $3B, outperforming a weaker broader crypto tape. Multiple indicators suggest this move is driven by renewed AI-sector accumulation rather than a short-lived squeeze. The article highlights: - TAO rose from roughly $262.35 (Mar 23) to around $302.29 (Mar 24), extending a month-long uptrend of ~32.2%, even as the broader market fell. - Derivatives and on-chain positioning point to dip-buying/rotation into AI exposure. - Bittensor’s AI-infrastructure narrative: TAO is used for inference/training in a decentralized AI network. - Tokenomics: capped supply (21M) and a halving-style issuance schedule, with prior market focus around the $280–$300 area as traders priced a structural supply shock. Contextually, the piece also notes that exchanges such as MEXC have recently framed TAO as a core AI rotation asset, and that growing “subnet”/ecosystem token activity is leading investors to treat TAO as a base holding for a broader AI-crypto stack. For traders, TAO’s breakout above $300 is the headline, with momentum supported by elevated spot volume and a contained leverage backdrop—favourable for trend continuation, but still sensitive to any sudden risk-off in altcoins.