Bittensor (TAO) Price Surges as Demand for Subnets Increases

As the third quarter of 2023 concludes, the Streamr project is making significant strides towards enhancing its application layer, particularly with StreamrTV. The Governance Council has announced a strategic shift in operational leadership, appointing Mark Little as the new CEO and Petri Savolainen as CTO. This transition aims to leverage their expertise to bolster the project's market execution while ensuring continuity with co-founders Henri and Nikke. The focus on StreamrTV is evident as the project seeks to monetize content and improve user engagement through new features such as payment rails for tipping and an interactive chat sidebar. Key achievements during this quarter include the successful launch of payment functionalities for StreamrTV, allowing broadcasters to monetize their content through 'Super Balloons.' Additionally, a chat feature has been introduced, enhancing viewer interaction. The project also conducted network scaling tests, confirming its reliability across thousands of nodes globally. Financially, Streamr minted approximately 7.5 million DATA tokens, raising $442,689 from token sales, while managing to reduce overall expenses to $499,000, reflecting a strategic focus on cost efficiency amid challenging market conditions. Looking ahead, the project anticipates the next governance checkpoint proposal in December 2025, with plans to unlock additional tokens for development. The Data Ecosystem fund remains intact, with no disbursements made this quarter. Streamr is actively working to attract users from both Web3 and Web2 communities, utilizing product analytics to refine its offerings. Despite facing technical complexities, the team is optimistic about overcoming challenges related to many-to-many video streaming in the upcoming quarter. Overall, Streamr's commitment to innovation and user engagement positions it well for future growth in the blockchain space.

The Hivemapper Network has introduced a new proposal for region-based staking, allowing participants to stake HONEY tokens in specific geographic areas to earn weekly rewards based on the activity in those regions. This innovative approach encourages stakers to commit to particular areas, rewarding them when those regions achieve significant mapping progress and real-world data consumption. Each week, 10% of global emissions, reallocated from MIP-22, will fund the staking pool rewards, which are distributed exclusively to regions with active stakes. The rewards are divided into two categories: 70% based on regional mapping progress and 30% based on actual network consumption, ensuring that resources are directed to areas generating genuine activity. The mechanics of region-based staking involve a soft cap for each region, preventing excessive concentration of stakes. The mapping progress pool rewards regions based on how much of their soft cap is filled, while the consumption pool allocates rewards based on actual HONEY burns from network usage. This dual approach not only incentivizes mapping contributions but also aligns the interests of stakers and mappers, fostering a sustainable ecosystem. Unclaimed rewards from inactive regions will be permanently burned, further promoting active participation and fair competition across all regions. Overall, region-based staking is designed to transform HONEY into a tool for active network participation, driving growth and sustainability within the Hivemapper ecosystem. By directing capital to high-potential regions and linking token value to real-world utility, this initiative aims to create a decentralized mapping network with committed participants. The community is encouraged to engage in discussions about this proposal on Hivemapper's Discord server, with feedback being collected until November 2, 2025, to refine the network's design and ensure its long-term success.

The Akash Network's native token, AKT, experienced a remarkable surge of 31% over the weekend, largely driven by a broader recovery in the cryptocurrency market. Bitcoin's resurgence above $115,000 played a significant role in lifting AKT's price, but as of the latest updates, it struggled to reclaim the $1 mark. While there was optimism about the potential for AKT to reach $1.5 if it could first stabilize above $0.85, profit-taking activities appeared to be hindering further gains. This recent upswing in AKT's price coincided with notable whale activity, as reported by CryptoQuant. The presence of large orders in the spot markets suggested that significant players were engaging with AKT, contributing to its sharp rally. Additionally, the timing of this surge followed a major outage at Amazon Web Services (AWS), which affected numerous Web3 applications. Akash Network, as a decentralized cloud provider, capitalized on this situation by positioning itself as a reliable alternative, emphasizing the importance of avoiding single points of failure in cloud services. Despite the positive momentum, the market showed no signs of excessive froth that could lead to liquidation risks. Current indicators suggest that the market is in a 'Cooling' phase, which may prevent drastic reversals. However, the influx of tokens into exchanges indicated that profit-taking was prevalent during the weekend's price pump. Until this profit-taking subsides, AKT may continue to face challenges in breaking through the $1 barrier, with bulls needing to regroup for another attempt at higher targets.

LunarCrush, an AI-driven platform that analyzes digital assets, has unveiled its ranking of the Top 10 Decentralized Physical Infrastructure Network (DEPIN) Projects based on social activity. This ranking considers metrics such as Engaged Posts and Interactions to gauge the popularity of various cryptocurrencies. Leading the list is Chainlink ($LINK), which boasts an impressive 8.7K Engaged Posts and 2.9 million Interactions, showcasing its dominance in the DEPIN space. Following closely is Bittensor ($TAO) with 8.4K Engaged Posts and 1.1 million Interactions, indicating a strong demand for both projects in the crypto market. In the third and fourth positions are Internet Computer ($ICP) and Zebec Network ($ZBCN), with 2.3K and 1.8K Engaged Posts, respectively. However, the difference in Interactions is significant, with Zebec Network outperforming Internet Computer by a margin of 244.6K, achieving 558.4K Interactions compared to Internet Computer's 313.8K. Additionally, XPIN Network ($XPIN) and Boundless ($ZKC) also made the list, with 1.6K and 1.4K Engaged Posts, and 202.7K and 56.0K Interactions, respectively, further illustrating the competitive landscape of DEPIN projects. Render ($RENDER) and Siacoin ($SC) are noted for their close engagement levels, with 1.4K and 1.2K Engaged Posts. However, Render significantly outshines Siacoin in Interactions, achieving 235.4K compared to Siacoin's 41.7K. Lastly, Walrus ($WAL) and Grass ($GRASS) secured the bottom two spots, each with 1.1K Engaged Posts, but differing in Interactions at 122.3K and 81.1K, respectively. This ranking highlights the dynamic nature of social engagement in the cryptocurrency sector, reflecting the ongoing interest and activity within these DEPIN projects.

The price of TAO has surged by 6% today, reaching approximately $395 and boosting its market capitalization to $4 billion. This increase follows the recent demonstration of Bittensor's Novelty Search: SN50 Synth, which showcases predictive intelligence applications in financial markets. The unveiling has generated renewed enthusiasm among traders, who view it as a sign of innovation within the Bittensor ecosystem. As a result, the TAO price chart reflects growing optimism, supported by increased trading volume and social media engagement. Bittensor's ecosystem is evolving, with subnets playing a crucial role in delivering unique AI-driven use cases. The introduction of a subnet SDK and EVM compatibility has accelerated developer activity, making it easier for projects to deploy decentralized AI models. Notably, the Hippius subnet was recently listed on a centralized exchange, accompanied by a 50,000 USDT reward pool, which is expected to enhance market engagement. These developments indicate that Bittensor continues to attract interest from both retail and institutional investors, with forecasts suggesting a positive outlook for TAO's long-term scalability. Adding to the bullish sentiment, Grayscale has filed for a Bittensor Trust with the SEC, potentially paving the way for TAO to become a regulated investment product. This could attract significant institutional inflows, reflecting a historical trend where similar filings have increased liquidity and price stability in the crypto market. Furthermore, the upcoming halving event in December 2025, which will reduce daily issuance from 7,200 to 3,600 TAO, mirrors Bitcoin's scarcity model, potentially setting the stage for a post-halving rally. Technical analysis shows that TAO has broken out of a descending triangle pattern, with a medium-term target of $800 in sight if current momentum continues.

The global cryptocurrency market remains stable at approximately $3.7 trillion, recovering from a recent downturn caused by the United States imposing 100% tariffs on Chinese tech exports. Bitcoin is currently trading around $108,000, while Ethereum is near $3,900. Investors are increasingly focusing on infrastructure-driven projects as the market shifts towards a narrative centered on innovation in artificial intelligence, privacy, and scalability. Three projects leading this charge are Bittensor (TAO), Zcash (ZEC), and BlockDAG (BDAG), each addressing critical needs in the blockchain ecosystem and potentially representing top investment opportunities for 2025. Zcash (ZEC) is making a significant comeback, emphasizing the importance of privacy in the cryptocurrency space. Recently, ZEC surpassed $270, experiencing daily gains exceeding 8%, which has pushed its market capitalization to around $4.1 billion. This surge is attributed to heightened regulatory scrutiny, sparking renewed interest in privacy-focused blockchains. Zcash's shielded pool supply has exceeded 4.5 million tokens, enhancing its scarcity. Institutional interest is also growing, particularly through the Grayscale ZEC Fund, which holds over $85 million in assets. Despite facing resistance near $297, the overall outlook for ZEC remains positive as transaction volumes and mining difficulties rise. Bittensor (TAO) has emerged as a standout performer, trading near $435 and up more than 35% this month. Its unique model combines AI computation with blockchain consensus, creating a decentralized market for data training. With over 70% of TAO's circulating supply staked, confidence among validators is evident. Institutional interest is on the rise, particularly from Grayscale’s Decentralized AI Fund. Meanwhile, BlockDAG (BDAG) is establishing itself as a key player in Web3 scalability, having raised over $430 million and achieving significant technical milestones. With its hybrid consensus model, BlockDAG can process multiple transactions simultaneously, making it an attractive option for developers. Together, these projects highlight a shift towards fundamentals in the crypto market, focusing on utility and long-term growth potential.