- On Saturday, the Bittensor price recorded a drop of around 3% on a daily chart, declining its value below $264 despite positive sentiment in the crypto market.
- One of the major trigger points of the drop in cryptocurrency was the departure of Bittensor’s biggest subnet team, Covenant AI.
- Covenant AI founder Sam Dare slammed the network’s founder, saying that Bittensor is not fully decentralized.
Amid the weekend and de-escalating situation in the Middle East, the Bittensor (TAO) price once again got stuck in the consolidating pattern with no major price movement. On April 11, Bittensor experienced a drop of 3.48% on a daily chart despite a positive sentiment in the crypto market.
In the last 7 days, the TAO price has plunged by over 14% and experienced a low of $253. At the time of writing, the TAO is currently trading at around $264.95 with a market capitalization of around $2.86 billion, according to CoinMarketCap. The daily trading volume also plunged by over 73% on a daily chart.
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