Coinbase Boosts Bittensor (TAO) to $430.4 High

The price of Bittensor (TAO) surged to an intraday high of $430.4 following Coinbase's announcement to list the cryptocurrency on its platform. The leading cryptocurrency exchange confirmed the listing in an announcement issued on February 19, with trading set to begin on or after 9 AM PT on February 20, 2025, subject to liquidity conditions.

The news of the Coinbase listing acted as a catalyst for TAO's price, which jumped by more than 25% to hit a new weekly high. The token managed to recoup losses from previous days when the broader altcoin market mirrored Bitcoin's struggles. Following the listing news, TAO's trading volume also spiked by 70% to $258.75 million, indicating heightened investor interest and market activity.

Analysts expect the token to experience further gains as it regains its footing amid the improved crypto perspective 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 as one of the top AI tokens by market capitalization, only behind NEAR according to CoinMarketCap.

The recent release of the Dynamic TAO whitepaper hints at significant upgrades, potentially increasing its utility and appeal within the AI sector. The listing on Coinbase is not just a testament to Bittensor's growing stature but also a pivotal moment that could lead to further traction. Analysts from Grayscale have noted Bittensor's importance 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 more mainstream cryptocurrency exchanges, its potential to influence the AI and blockchain intersection grows. While it currently stands at $413.03 after the surge, the community and investors alike are watching closely to see if this listing on Coinbase will propel it to new heights.