The Bittensor protocol’s native token (TAO) is up more than 55% in the past seven days and is trading near $283, its highest price in over six weeks.
This rally makes TAO One of the best performing assets on the market so far in March.
The following graph provided by the CoinGecko platform is TAO actions in the past 7 days.
The main driver of this price increase was technological.. On March 10, the company’s Templar team announced the completion of Covenant-72B. They say this is the largest distributed pre-trained broad language model (LLM) ever with 72 billion parameters.
Training was completed entirely on subnet 3 of the Bittensor network, with no centralized cluster or whitelist, and was free for anyone with a GPU to participate. The demonstration that the network could run enterprise-scale AI workloads without centralized infrastructure was interpreted by the market as fundamental validation of the project.
At the same time, the rise in TAO, a virtual currency (no relation to Bitcoin) dubbed by many investors as the “Bitcoin of artificial intelligence”, has rippled through broader sectors. Several AI-linked tokens drive weekly gains of cryptocurrencies. In this context, RENDER and the Alliance for Artificial Superintelligence (FET) stood out.
Institutional investor interest also increased upward pressure. Established in December 2025, the Grayscale Bittensor Trust (GTAO) fund has become a vehicle for increased accessibility for institutional investors. Additionally, Grayscale and Bitwise are in the process of filing the TAO Spot ETF with the U.S. Securities Commission (SEC).
Technical analysis shows that TAO is trading above its 50-day and 100-day moving averages, and the Relative Strength Index (RSI) is in the bullish zone (which could be considered overbought depending on your criteria).
However, the risk remains. Bitcoin (BTC) correctioncurrently trading at around $72,000, It could cause all altcoins to fall.
Commenting on the Bitcoin price, Carolina Gama, Argentina country manager of the BitGet exchange, commented in a statement sent to CriptoNoticias: “From a technical perspective, the weekly RSI is currently at 34, indicating a recovery move from oversold territory and starting to move upwards. This indicates that the selling pressure may be losing strength. If this trend continues, this indicator could signal scope for an extended recovery in the coming weeks, especially if the macro environment does not deteriorate.”
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