Fetch.ai: What crossing this key price level means for FET predictions
FET's price surged by 15% in the last 24 hours alone, allowing it to go above the $0.58 mark for a short while.
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FET's price surged by 15% in the last 24 hours alone, allowing it to go above the $0.58 mark for a short while.
The Fetch.ai (FET) price increased by nearly 25% yesterday and reached a new yearly high of $0.62 today before falling slightly.
In a bustling crypto market, recent movements have signaled a temporary slowdown in the surging prices of major cryptocurrencies. Bitcoin, Ethereum, and other leading digital assets experienced a pullback after a sustained period of remarkable gains, reflecting cautious investor sentiment amidst uncertain market conditions.
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According to Kaiko data, AI-linked tokens surged past $2 billion in weekly trade volume for the first time since March. Gains were led by WLD and RNDR.
Fetch.AI price is retesting the high timeframe resistance of $0.54. However, there are strong bearish divergences on the MFII and RSI indicators.
AI tokens have been rising since the announcement of Sam Altman's return to OpenAI as the company's CEO.
Fetch AI (FET) has been riding the bullish artificial intelligence (AI) narrative following Sam Altman being ousted from OpenAI. Its native FET token has seen an impressive move upward since then, maintaining its bullish headwinds at the same time.
Buying pressure on FET was high even as its price increased. Whale confidence in FET declined, but several indicators remained bullish.
The Artificial Intelligence (AI) sector in the crypto space has enjoyed one of the most prominent rallies despite the debacle with OpenAI. The company behind ChatGPT fired one of its founders and CEO, Sam Altman, sparkling downside pressure for AI-based tokens, such as FET.
In the wake of the recent developments at OpenAI, including the dismissal of Sam Altman, there's been a notable increase in the value of cryptocurrencies associated with artificial intelligence (AI). While the crypto market is wavering in uncertainty, this news must gather the investor's attention back to AI tokens.
The crypto company, operating since 2019, is building a decentralized machine learning network that is expected to disrupt the way the crypto world approaches AI systems, promising unprecedented benefits and convenience.
Artificial Intelligence (AI) tokens' value pumped over the weekend amid increased attention brought to the industry by the leadership crisis at OpenAI, the leading generative AI company. Data from CryptoSlate shows that digital assets in the sector grew by more than 9% over the last day and by over 11% during the past week.
AI and big data crypto tokens have embarked on a recovery campaign shortly after former OpenAI CEO Sam Altman's layoff impacted their combined market valuation.
Developments in key AI companies sometimes drive gains in AI-focused tokens as traders bet on the long-term growth of such tokens.
Render (RNDR), Akash Network (AKT), SingularityNET (AGIX) and Fetch.ai (FET) tokens traded higher on Sunday as the broader crypto market tapped minor gains. While the global crypto market cap was at $1.45 trillion, only 0.7% in the past 24 hours, the crypto artificial intelligence (AI) market cap was up nearly 10% to $6.14 billion.
A crypto trader took to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks. The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength.
The AI hype still seems to exist in the world of digital assets, as Fetch.ai is once again outperforming most altcoins. Just when the investors thought that the AI narrative was dead, FET crypto orchestrated a major rally.
A trader who nailed the top of the 2021 Bitcoin (BTC) bull market believes rallies are in sight for Ethereum (ETH) and one additional altcoin. Pseudonymous analyst Pentoshi tells his 711,700 followers on the social media platform X that Ethereum looks poised to take out a resistance level that has held for over a year.
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A closely followed crypto strategist believes that two altcoins may be gearing up for breakouts as digital asset markets continue to show strength. Pseudonymous analyst Rekt Capital tells his 366,100 followers on the social media platform X that Ethereum (ETH) competitor Polkadot (DOT) is potentially in the midst of confirming a bullish reversal.
Several cryptocurrencies related to artificial intelligence surged in value after AI research company OpenAI announced new products and capabilities on Tuesday, Nov. 7, then went red as the market slumped.
After a week of unremarkable movements, FET's chart registered a bullish pattern.
Issued Monday, President Biden's executive order is aimed at potential threats posed by artificial intelligence, but critics of the White House action wonder if innovation could be stifled.