Bittensor Welcomes Its First Halving: How High Can TAO Go After Daily Output Is Halved?

[Crypto World] Bittensor (TAO) is about to have its first halving since launching in 2021. The number of new tokens generated each day will be cut in half from 7,200 to 3,600, moving closer to the total supply cap of 21 million.

After the news broke, the market reacted quickly—TAO jumped 7.4% in a single day and is now hovering around $295. From a technical perspective, as long as a few key support levels hold, there’s still potential for further upside.

Put simply, halving makes the token scarcer. When supply tightens, it’s theoretically positive for the price. But whether the price actually goes up depends on the overall market environment and whether capital is willing to buy in.