Are the months of decline finally over? We'll see how the market is doing in the first part.

Prediction subnets are on fire: a good time to analyze Zeus, the future star of the sector.

In the October 7 edition, we talked about the zone between 0.99 and 1.02 and the two possible scenarios.

In the last edition (October 21), we were at 1.02, after going up to 1.05.

This week, we are at 1.05 (6.06% above the bottom at 0.99) after reaching 1.08.

We see this as an interesting pattern that points toward the bullish scenario for the Sum of Alpha prices.

TAO: top performer

TAO has been on fire for weeks, drawing the crypto market’s attention.

This strength highlights Bittensor and its ecosystem, feeding momentum to subnets.

It comes just when subnets need it most.

We use Mentat Minds indexes. Details on calculation are on this page. Mentat 5 and Mentat 15 cover the leaders, while Mentat 70 gives a wider picture of the subnet market.

The three indices have performed similarly since October 13: they have remained stable despite some peaks along the way.

It is positive to see low volatility on these indexes. In trading, low volatility tends to characterize bottoms, while tops are more characterized by high volatility.

The vertical that beats the market

The prediction index is up 26% since October 13. Sportstensor (+75%) and Synth (+85%) drive growth.

Perfect timing for prediction hype. The subnet next in our analysis, sits at the heart of this sector and could catch the upside.

Let's break down Zeus.

Zeus stands at a key phase.

The subnet tests a level it lost weeks ago. A move back above the pruple zone would be bullish.

Rejection could push it to retest pre-Spetember breakout levels (red zone).

Zeus aggregates forecasts from the most advanced weather AIs worldwide to create a unique API, delivering top-tier meteorological predictions at any time.

It leverages a full range of climate variables: temperature, precipitation, wind, solar irradiance, and cloud cover. Agriculture, energy, logistics, and finance rely on this data every day.

The subnet currently ranks 28th, with a market cap of $13.27 million, a volume of $847.46k in the last 24 hours, making it the 21st most traded token.

The token is therefore closely watched by investors despite its market cap.

The top three wallets hold 22.95% of the supply, which is standard for Bittensor.
These wallets are passive and apply not significant selling pressure.

The first two wallets never sold, the third wallet sold for 10 TAO from Zeus since its creation.

A statement was made by Zeus five days ago:

What is x402?

Imagine selling your data or API services in a second, without any intermediary and no friction.

x402 is an open protocol that activates HTTP 402 "Payment Required" code to let AI agents and applications pay directly, in real time, for access to APIs or data, with no human intervention, accounts, or subscriptions.

The client (agent or human) requests a resource or data; if payment is required, the server replies with a 402 containing transaction details: amount, destination, accepted token.

The client signs the payment and gets immediate access to the data, thanks to fast, automated blockchain verification.

Why is this useful for Zeus?

x402 streamlines every payment for the Zeus API: no account, no subscription. Agents and platforms pay on demand for the data they want, access is open and fast.

The protocol enables pay-per-call usage. Payments are instant and validated on-chain.

Why is this positive?

All of this is positive, but no buybacks (inflow) have been made in the last 30 days.

The subnet product is still new, their API was released recently, and the team is still in the testing phase before onboarding clients.

Zeus has therefore not yet generated significant revenue to enable buybacks.

Sapho insight: They’re currently finalizing a partnership that should bring in direct client-side revenue.

Few subnets have adopted x402, even though the integration is easy and its potential is high. Zeus is ahead on trends and marketing compared to most subnets, a real strength in a space that is still under the radar for most of the market.

Thank you for reading this newsletter. If you are interested in the subnet market, please feel free to click on the following link.

Disclaimer: This newsletter does not constitute investment advice. It is a tool designed to help you understand the Bittensor subnet market. Always do your own research before investing.