Top Bittensor Subnet Tokens to Keep an Eye On: Chutes, Proprietary Trading Network, and Targon
Top Three Bittensor Ecosystem Tokens Worth Monitoring During the Initial Week of May
Here's the lowdown on three noteworthy Bittensor subnet tokens - Chutes, Proprietary Trading Network, and Targon - that are making waves as we step into May 2025.
Chutes
Kick things off with Chutes, a slick AI compute platform built by the brains at Rayon Labs. It's designed to deploy, run, and size up any AI model in the blink of an eye. Plus, users can interact directly with Chutes or integrate it through a simple API, offering blazing-fast, flexible AI infrastructure without the hassle of server management.
Although Chutes is the biggest subnet token on Bittensor by market cap, it's taken a hit recently, slipping nearly 18% over the past week. After mounting a 67% rally between April 7 and April 12, the token took a 30% tumble from its peak. Its Relative Strength Index (RSI) now stands at 23.78, signaling some deeply oversold conditions that might hint at an imminent change in trend.
If Chutes dons its superhero cape again and recaptures its earlier momentum, being the reigning champ on the Bittensor subnet could boost its performance through network effects, possibly unleashing a powerful uptrend that towers the token back to the $0.40 range.
Proprietary Trading Network
Next up is Proprietary Trading Network, or Taoshi, a spiffy decentralized finance (DeFi) platform that's snuggled cozily within the Bittensor universe. It crafts dynamic subnetworks where clever AI and machine learning models sift data across multiple asset classes. This baby's mission is to democratize access to advanced trading strategies, combining AI, blockchain, and finance, all in pursuit of serving up sharp financial insights to regular folks like us.
The market cap of Proprietary Trading Network hovers around the $50 million mark. Its trading volume surged a whopping 160% in the last 24 hours, hitting $3 million. With the DeFAI narrative being among the hottest stories of 2025, Proprietary Trading Network is well-placed to capitalize on buzzing sectors like AI, Bittensor subnets, and trading. If the current momentum keeps charging ahead, the token could soon summit the $0.20 and $0.25 resistance levels with ease.
Targon
Last but not least, we've got Targon, a nifty Bittensor subnet token that's busy building an AI cloud platform to deliver high-speed, low-cost inferences for AI models. Manifold Labs is the architect of this baby, which offers a wide range of models optimized for completion and chat tasks through its Playground and API. Targon's emphasis is on speed, scalability, and cost-efficiency, making it a breeze for developers and companies to deploy and ramp up AI models without tripping over complex infrastructure.
Targon's market cap floats around $47 million, and its daily trading volume clocks in at a cool $1.33 million. In the past 24 hours, the token shed more than 9%. Its RSI has dipped to 19.23, suggesting oversold conditions that typically precede a bounce back. If fresh momentum swings into action and propels Targon to revisit prices from 15 days back, the token could jump as much as 48%.
Bottom Line
Here's the quick down-low on these sizzling Bittensor subnet tokens. While Chutes struggles through some oversold conditions, it has the power to recover and soar once more. Proprietary Trading Network is fueling up on the DeFAI narrative and seems poised for further growth. Targon, meanwhile, could find its footing soon and ride the wave to higher prices if the current momentum swings into action. Keep your eyes peeled for these awesome projects that are helping shape the future of decentralized AI.
- The AI compute platform, Chutes, despite being the biggest subnet token on Bittensor by market cap, has experienced a dip of nearly 18% over the past week.
- Chutes, built by Rayon Labs, offers users a simple API for integration, providing blazing-fast, flexible AI infrastructure.
- Proprietary Trading Network, also known as Taoshi, is a decentralized finance platform that aims to democratize access to advanced trading strategies.
- The market cap of Proprietary Trading Network hovers around the $50 million mark, with its trading volume surging 160% in the last 24 hours.
- Targon is a Bittensor subnet token focused on building an AI cloud platform for high-speed, low-cost inferences.
- Targon's market cap floats around $47 million, and its RSI has dipped to 19.23, suggesting a possible bounce back soon.
- In 2025, the DeFAI narrative is among the hottest stories, positioning Proprietary Trading Network to capitalize on sectors like AI, Bittensor subnets, and trading.
- If fresh momentum swings into action, Targon could jump as much as 48%, revisiting prices from 15 days back.
