Benzinga – by Benzinga Insights, Benzinga Staff Writer.

In the last 24 hours, the price of Bittensor (CRYPTO: TAO) has dropped by 11.45% to reach $529.75, continuing its downward trend from the past week, during which it saw a 6.0% decrease, transitioning from $576.78 to its current value.

The following chart illustrates the price fluctuations and volatility of Bittensor within the past 24 hours (left) compared to the movement over the previous week (right). Bollinger Bands, depicted by the gray bands, indicate the volatility of both the daily and weekly price changes. A wider band or a larger gray area signifies higher volatility.

The trading volume of the coin has surged by 171.0% over the last week, accompanied by a marginal 0.1% rise in the total circulating supply of the coin, now exceeding 6.60 million units, representing approximately 31.43% of its maximum supply, set at 21.00 million. Currently, TAO holds the #31 position in market cap rankings with a value of $3.49 billion.

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