The coin TAO of the decentralised machine learning network Bittensor briefly achieved success, rising above 300 USDT before reverting to 299.4 USDT. The 24-hour gain in the token was more than 24%. The quick increase and subsequent fall in TAO’s value were evident in Bitget’s market data. A decentralised network called Bittensor uses blockchain technology to enhance machine learning. Within the ecosystem, TAO, the native token of the network, is utilised for staking, rewards, and governance among other things.
The recent increase in TAO‘s value is indicative of the increased interest in decentralized machine learning networks and the range of industries in which they may find use. It is anticipated that as technology advances, more users and investors will become interested in initiatives like Bittensor and its native coin TAO.