Bittensor (TAO) and Internet Computer (ICP) lead the AI crypto price rally

As the broader cryptocurrency market faces renewed volatility, AI-focused cryptocurrencies led by Bittensor (TAO) and Internet Computer (ICP) are defying the trend with notable price strength and ecosystem growth. Their recent performance has captured attention from both retail and institutional investors, highlighting rising adoption and growing strategic relevance within the decentralised AI space. Bittensor (TAO) holds firm after explosive April rally Bittensor’s native token, TAO, drew the spotlight earlier this year following a rapid rally from roughly $130 to over $420 within weeks. Since that peak, the token has entered a consolidation phase, stabilising between $350 and $375 as traders watch for signs of the next breakout. Market analysts, including Crypto Eagles, point to $350 as a critical support level—a kind of “invalidation zone” that will likely determine TAO’s short-term trajectory. Crypto Eagles @CryptoProject6 · Follow After a strong bullish expansion phase in April $TAO , price entered a corrective structure, forming a consolidation near the previous highsWe’re now approaching the lower bound of the invalidation zone, showing early signs of demand stepping inIf this level holds, the current 1:22 PM · Jun 8, 2025 188 Reply Copy link Read 42 replies Despite the cooling momentum after April’s surge, the token has avoided sharp declines, suggesting sustained investor confidence in Bittensor’s ecosystem. Moreover, early signs of renewed buying interest are emerging. As TAO remains comfortably above its support zone, speculation grows that another upward leg, possibly toward the $500–$550 range, could be on the horizon. Bittensor subnet growth and institutional interest drive bullish sentiment Long-term optimism around TAO is further bolstered by Bittensor’s rapid expansion of its decentralised infrastructure, reaching a new milestone of 118 active subnets as of June 2025. This milestone marks significant developer engagement and deepening ecosystem activity, even amid broader market uncertainty. Data from Taostats.io confirms that increasing subnet participation correlates strongly with technical adoption. More AI researchers and machine learning engineers are contributing, growing Bittensor’s decentralised intelligence marketplace and reinforcing its role in advancing Web3 AI innovation. Beyond ecosystem growth, institutional interest is now shaping TAO’s outlook. Nasdaq-listed Oblong Inc. has announced plans to raise $7.5 million through a private placement specifically aimed at acquiring TAO tokens. This rare direct investment by a publicly traded company adds new legitimacy to Bittensor’s protocol and reflects a broader shift in corporate attitudes toward blockchain assets linked to cutting-edge technologies. Oblong’s move, which comes amid another such private placement from Synaptogenic Inc., underscores the increasing intersection between traditional finance and blockchain innovation, positioning TAO at the forefront of AI infrastructure and decentralised systems. brody (human) @brodydotai · Follow two publicly traded $tao treasury acquisition vehicles have just hit: $oblg & $snpx , both valued at $5.2 million .additional $tao treasury companies, privately held and soon to be publicly traded:– TaoBase– xTAO– Safello– TensorSuisse… and many more coming down the 5:52 PM · Jun 9, 2025 143 Reply Copy link Read 6 replies BitGo also recently added support for institutional TAO staking through a new partnership with Yuma Group, allowing clients to stake TAO and access Bittensor’s decentralised AI network to build, train, and validate AI models. Internet Computer (ICP) rallies on hype around its AI-powered Caffeine platform As Bittensor (TAO) maintains its bullish momentum, Internet Computer (ICP), another AI crypto, has staged a strong rally, climbing over 30% from its year-to-date lows, fueled by excitement surrounding its AI-driven development platform, Caffeine. Unveiled at the World Computer Summit in Zurich , Caffeine empowers users to create blockchain applications using natural language input, effectively lowering barriers to entry by removing the need for traditional coding skills. The alpha release of Caffeine, backed by the Dfinity Foundation, has triggered renewed whale accumulation of ICP. Santiment data shows that large holders—those controlling between 1,000 to 1 million tokens—are actively increasing their stakes. This accumulation has sparked fear of missing out (FOMO) among retail investors, driving up daily trading volumes and reinforcing bullish momentum across the ICP ecosystem. Technical indicators also support this optimistic outlook. ICP recently broke above a long-standing descending trendline and now trades above its 50-day simple moving average, suggesting sustained buying pressure. The AI crypto market is rising as the broader market drops Overall, the AI-focused crypto market capitalisation surged by 4.3% today, reaching $28 billion even as the broader crypto market slipped to $3.49 trillion, according to Coingecko . Besides Bittensor (TAO) and Internet Computer (ICP), other notable AI-related tokens such as Near Protocol (NEAR), Render (RENDER), Artificial Superintelligence Alliance (FET), and Virtuals Protocol (VIRTUAL) have also posted gains. VIRTUAL rose 4.4%, RENDER climbed 3%, FET advanced 2.7%, and NEAR increased by 2%. This collective strength underscores growing investor enthusiasm for AI-driven blockchain projects, especially as decentralised networks and institutional interest continue to expand. The post Bittensor (TAO) and Internet Computer (ICP) lead the AI crypto price rally appeared first on Invezz

Source: Invezz