TAO (Bittensor) 24-hour amplitude 27.5%: NVIDIA CEO Jensen Huang praises achievements driven by decentralized AI technology

Volatility 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.