Bittensor (TAO), an AI cryptocurrency with a $2.8 billion market cap, could move into mainstream adoption through potential surpassing of Shiba Inu's valuation or the launch of new spot ETFs.

Bittensor, up 15% to start the year, currently has a market cap of $2.8 billion and ranks among the top 35 cryptocurrencies. The token could soon surpass Shiba Inu (valued at $3.2 billion) and move into the top 25 cryptocurrencies if that occurs.

Bittensor uses subnets (specialized networks optimized for specific areas of artificial intelligence), including one focused on training new LLMs (large language models, which are AI systems that understand and generate text) that attracted attention from Nvidia CEO Jensen Huang.

New spot Bittensor ETFs could make the token more available to retail and institutional investors and drive price increases, similar to the $70 million that recently flowed into Hyperliquid after its new spot ETFs launched.

Bittensor has a circulating supply of 11 million coins with a maximum lifetime supply of 21 million, matching Bitcoin's lifetime supply cap.