10x Research: Bittensor subnet staking scale exceeds $600 million, possibly driven by a strengthening AI narrative

On March 28, research firm 10x Research posted on X, stating that Bittensor (TAO) is strengthening its momentum driven by both the AI narrative and ecosystem expansion. TAO's current price has surpassed its 7-day and 30-day moving averages, presenting a dual bullish signal technically. Its price has increased by 19.8% in the past week, with subnet staking scale exceeding $620 million and the number of active subnets expanding to 128. On the news front, Nvidia CEO Jensen Huang mentioned Bittensor in a well-known podcast, while Grayscale reiterated this week that subscriptions for the Bittensor Trust private placement are open to accredited investors, further reinforcing institutional endorsement.