Grey release: Bittensor halving next week expected to push TAO token prices higher

Will Ogden Moore, research analyst at grey release, said: "Bitcoin's history shows that even with reduced rewards, reduced supply can boost network value, as Bitcoin's cyber security and market value are enhanced by four consecutive halves. Similarly, Bittensor's first halving marks an important milestone in the network's maturation as it moves towards a supply cap of 21 million tokens."
According to Moore, Bittensor is currently experiencing strong adoption momentum and rising institutional interest. Moore pointed to the launch of dTAO in February as a major achievement for Bittensor. This mechanism allows subnets to invest directly, resulting in a significant expansion in the total market capitalization of these subnets. "We believe that the early success of certain subnet-based applications, the increase in institutional capital in the Bittensor ecosystem, and the upcoming halving of the supply of TAOs could all be positive catalysts for price increases," Moore wrote.
Previously, it was reported that Bittensor will experience its first halving on December 14, when the daily issuance of TAO will be reduced to 3,600.