Bittensor surges to top 30 cryptocurrencies

What happened

Bittensor (TAO) has surged to a nearly $3 billion（約4800億円） market cap and now ranks among the top 30 cryptocurrencies. The article outlines a scenario where it could reach the top 10 by the end of 2027 if its value triples while Dogecoin (the current #10 cryptocurrency with a nearly $15 billion（約2.4兆円） market cap) loses 50% of its value.

Why it matters

Unlike Dogecoin, a meme coin with no underlying use case, Bittensor is backed by tangible real-world applications in decentralized AI, supported by 128 different specialized blockchain networks. Its much smaller circulating supply of 11 million coins (capped at 21 million lifetime) means rising demand for AI investments could push the price significantly higher through basic supply and demand mechanics.

What to watch

The article cites Hyperliquid as a recent example—it launched at the end of 2024 and has already become the ninth-largest cryptocurrency by capturing mainstream appeal through its dominance in perpetual futures trading. Bittensor would need a similar catalyst, such as major IPOs from OpenAI or Anthropic, to attract enough investor money to overtake Dogecoin's market cap by the end of 2027.