TAO (Bittensor) 24-hour amplitude 27.5%: NVIDIA CEO Jensen Huang praises achievements driven by decentralized AI technology
Bitget Pulse2026/03/20 16:11Volatility Brief
In the past 24 hours, the price of TAO rebounded from a low of $243.60 to a high of $310.50, with the current quote at $276.80, reaching a fluctuation amplitude of 27.5%. Trading volume saw a notable increase to $684 million, up 115.40% from the previous day.
Analysis of the Drivers Behind the Move
- Public Praise from NVIDIA CEO Jensen Huang: On March 20, NVIDIA CEO Jensen Huang commended Bittensor Subnet 3 for its “impressive technological achievement” in distributed training of the 400M parameter Llama model, directly driving TAO to surge over 21% within 24 hours and push the price to a $305.70 high.
- Network Subnet Milestone: Subnet 44 (based on Score’s Vision AI) achieved an 85% human detection target, demonstrating rapid on-chain ML workload scaling.
- Staking Growth: Weekly staking value of TAO rose by 33%, the highest among major assets.
Market Perspectives and Outlook
Overall market sentiment is optimistic. The community sees NVIDIA’s endorsement as a catalyst for the AI narrative, with mainstream opinions predicting TAO may challenge $500. However, technical indicators show signs of overbought conditions in the short term, suggesting a potential further pullback to key supports. Analysts warn of volatility risks but remain bullish on the long-term potential of decentralized AI.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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