Bittensor Eyes $1,000: Analyst Predicts 10x Surge Amid AI Boom and Valuation Gap

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Bittensor Tries to Break Its SMA50 as Crypto Analyst Eyes $1,000

Key Takeaways

  • Van de Poppe: Bittensor unique AI infrastructure play, target $1,000-$2,000.
  • Token down 70-80% from peak while ecosystem expanded: valuation gap thesis.
  • TAO trading at $271.6, attempting to reclaim SMA50 at $276: 1.6% gap.
  • SMA100 at $254.5 held the most recent price drop: next support if SMA50 fails.

What Bittensor Actually Is

Bittensor is a decentralized network for machine learning. It’s built on smaller, independent AI marketplaces where different models compete to deliver the best results, according to what’s publicly known about how it works.

Users lock up TAO tokens to help verify and reward valuable information within these smaller networks. Van de Poppe highlights this structure as truly different from other AI infrastructure projects, explaining that the sub-net system is what sets Bittensor apart from more basic AI platforms.

The system’s design caused problems in April when a part of the network failed, leading to concerns about how Bittensor is governed and requiring some rules to be checked and improved. Despite this issue, van de Poppe continued to support Bittensor, which suggests he felt the response to the failure was sufficient and didn’t indicate a fundamental weakness in the system, although he didn’t directly say so.

The Valuation Argument

As a researcher following Bittensor, I see Van de Poppe’s valuation argument as less about complex technical analysis and more about a fundamental disconnect. He points out that despite significant growth in the Bittensor ecosystem, the token price has dropped 70-80%. This creates a substantial gap between the project’s development and its current market valuation – essentially, he believes the market isn’t accurately reflecting what Bittensor has achieved.

He predicts the price could fairly reach $1,000 to $2,000, based on the growth the protocol has already experienced. He isn’t just speculating; he believes this price range is justified by the protocol’s ecosystem development alone, regardless of overall market trends. He uses this same reasoning when considering NIRS, highlighting both Bittensor and NIRS as promising infrastructure projects in the artificial intelligence space worth investing in.

. shares thoughts on Bittensor ($TAO):

“I’m not surprised if for instance Bittensor goes to $1,000 or $2,000 from here.”

— CoinDesk (@CoinDesk)

What the Chart Shows Right Now

As of now, TAO is trading at $271.6, a 2.41% increase for the day. It’s trying to break through its 50-day Simple Moving Average (SMA) at $276.0, which is currently $4.40 (about 1.6% of the current price) above the current level. Whether TAO closes the day above $276 will give an initial indication of whether this recent price increase can overcome this key technical barrier, though a sustained move above this level would be needed to confirm a more significant trend change.

The 50-day Simple Moving Average is trending downward, while the 100-day Simple Moving Average, currently around $254.50, is increasing. The price recently fell but found support near the 100-day SMA, briefly dropping to around $254-$255 before bouncing back.

TAO’s price is currently positioned between its 50-day Simple Moving Average (SMA50) at $276 and its 100-day SMA at $254.5. The 200-day SMA at $259.4 is trending downwards and is now close to the 100-day SMA. If TAO can’t break above the $276 level and instead drops lower, the area between the $254.5 and $259.4 SMAs could act as a combined support level, with a difference of just $4.90. For the price to fall significantly below its recent low, it would need to move below both of these moving averages in the $254-$259 range.

The Relative Strength Index (RSI) is currently at 47.05, while its signal line is at 50.60. This places the RSI just below the 50 level, with a difference of 3.55 points. This suggests momentum is currently neutral, leaning slightly negative, which aligns with the price showing early signs of recovery but not yet confirming it.

As I see it, if Bittensor continues to grow its sub-nets and network usage throughout the next quarter of 2026 without any major governance issues, the undervaluation currently highlighted by van de Poppe could become a long-term characteristic, not just a short-term anomaly. However, if we see network activity slow down, or if another governance problem causes sub-nets to leave the network, the core argument for Bittensor’s growth potential will be weakened, as the supporting evidence will no longer be there.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. It’s essential to do your own research and talk to a qualified financial advisor before making any investment choices.

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2026-05-23 19:43