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FET price has been in a steep decline, dropping over 40% in the last 30 days and another 20% in the past week. This sharp correction follows the broader weakness in artificial intelligence tokens, with technical indicators pointing to continued bearish momentum.
After delivering massive returns and causing a storm - is this just the beginning?
The emergence of China's artificial intelligence (AI) model, DeepSeek, has caused turmoil in both the stock and cryptocurrency markets, alongside the technology sector.
Bitcoin (BTC) bounced following comments from Federal Reserve Chair Jerome Powell at the FOMC meeting, signaling that banks could serve crypto customers if they comply with risk disclosure requirements. As a result, the crypto market registered notable gains, with BTC up nearly 3% as it crossed the $105,000 mark.
AI agent tokens are experiencing a resurgence after suffering a $5 billion loss this week due to DeepSeek's sudden popularity.
FET's price was testing a critical $1 support level, with on-chain metrics sparking bearish trends and undervaluation.
Artificial Superintelligence Alliance (FET) has seen a significant drop in value over the past week. As of this writing, the AI Agent token trades at $1.08, its lowest since September 2024.
Artificial Intelligence cryptos are facing significant pressure, with their total market cap dropping 10% in the past 24 hours to $37.4 billion. Four of the top five AI coins have suffered heavy losses, with RENDER and VIRTUAL both down over 13%, and FET and INJ dropping 9% and 11%, respectively.
TL;DR Donald Trump announced a historic $500 billion private investment in artificial intelligence infrastructure and advanced technological development. A joint venture named Stargate will be created, led by OpenAI, SoftBank, and Oracle, with ambitious plans to build 20 data centers. The investment promises to generate 100,000 jobs, transform the U.S.
FET prices have surged 20% since retesting a key support level fueled by surging whale and trading activity.
Against the backdrop of a broader crypto market recovery on Wednesday, AI Coins like FET, RENDER, and TAO have stolen the spotlight by witnessing a considerable pump. Notably, these tokens are surging amid broader AI-related developments such as Donald Trump's ‘Stargate' formation and tech giants injecting massive investments in the industry.
FET profited from the rest of the market's bullishness, but is there more they can do?
AI agents could launch their own brands, products, music and movies, driving value to social media platforms, the researchers wrote.
The total market cap for AI coins shows a decrease of nearly 22% over the past month, recording a value of $48.07 billion. The total trading volume of the tokens has also followed the same downward token, with a steep decline of nearly 50% to $2.88 billion.
Supply distribution of MANA showed that some of the larger cohorts of holders were accumulating the token since late November.
As cryptocurrencies close the week with a bearish note, attention has switched to specific segments, and artificial intelligence seems poised to dominate crypto trends in the coming weeks and months. Fetch.ai joined the top-trending alts this week after launching an accelerator fund to support AI startups.
Cryptocurrencies remained downbeat on Thursday, with most assets reflecting significant losses on their daily charts. While the crypto Fear & Greed Index switched from greed to neutral, Fetch.ai, Dogecoin, and Toncoin topped altcoin trends for various reasons. Let us find out more. Fetch.ai launches startup fund Crypto AI firm Fetch.
Fetch.ai's accelerator could significantly enhance global AI and tech innovation, fostering cross-border collaboration and commercialization. The post Fetch.ai launches startup accelerator to boost AI and emerging tech innovation appeared first on Crypto Briefing.
Fetch.ai has launched a $10 million accelerator program to empower startups in AI agents, quantum computing and high-performance technology.
From all the options, Altura ($ALU), Fetch.ai ($FET), and SingularityNET ($AGIX) look like the top picks. Here's a simple breakdown of why these coins are worth watching.
AI tokens are struggling to perform despite bullish sentiment around AI stocks in traditional markets.
The cryptocurrency market often thrives on unpredictability, and Fetch.ai's FET token has become a beacon of intrigue in recent days. Amid market turbulence, FET has stood out, delivering a 7.5% gain in the past 24 hours.
With current market sentiment, FET could soar by 30% to reach the $2.05 mark.
Artificial Superintelligence Alliance (FET) has displayed a recovering price pattern on its chart, posting a 25% gain this week. While the uptick might seem encouraging, underlying bearish cues suggest the cryptocurrency could be preparing for a significant drawdown.
