Bittensor Price Surge Following Coinbase Announcement

The Bittensor price surged to an intraday high of $430.4 following Coinbase’s announcement to list the TAO cryptocurrency.

On February 19, Coinbase, one of the leading cryptocurrency exchanges, confirmed it would support Bittensor (TAO) on its platform, with trading set to begin on or after 9 AM PT on February 20, 2025.

> “Trading will begin on or after 9 AM PT on February 20, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our TAO-USD trading pair will launch in phases,” Coinbase wrote on X.

Bittensor Price Reaction

The news of the Coinbase listing acted as a catalyst for TAO’s price, which not only jumped by more than 25% to hit a new weekly high but also managed to recoup losses from previous days when the broader altcoin market mirrored Bitcoin’s struggles.

Following the listing news, TAO’s trading volume spiked by 70% to $258.75 million, indicating heightened investor interest and market activity. The listing is a major boost for the AI token, which is currently down 33% over the past twelve months.

Analysts expect further gains for the token as it regains its footing amid a positive crypto outlook with the pro-crypto Trump administration in the US.

Bittensor, which launched in 2019, has been making waves in the AI-powered blockchain space, advocating for a decentralized approach to AI development. With a market cap now at $3.46 billion, it ranks among the top AI tokens, only behind NEAR, according to CoinMarketCap.

Bittensor’s backing by heavyweight venture capital firms such as Pantera Capital, Digital Currency Group, and Lyrik Ventures further solidifies its market position. The recent release of the Dynamic TAO whitepaper hints at significant upgrades, which could enhance its utility and appeal within the AI sector.

The listing on Coinbase is a testament to Bittensor’s growing stature and a pivotal moment that could lead to further traction. Analysts from Grayscale note Bittensor’s role in promoting transparency and democratizing access to AI technology, contrasting it with centralized AI initiatives like DeepSeek, which raise concerns about data security and biases.

As TAO finds its place on mainstream cryptocurrency exchanges, its potential influence at the intersection of AI and blockchain continues to grow. As of now, it stands at $413.03 after the surge, with the community and investors closely watching if this Coinbase listing will propel it to new heights.

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