While Fetch.ai Price Explodes, These 3 Altcoins Might 10x This Year
As the bleak crypto winter continues to lift, FET token has posted a whopping +525% gain. What's going on with top altcoin Fetch Ai?
The brainchild of Cambridge-based AI entrepreneur Humayun Sheikh, Fetch AI aims to create an ecosystem for the design and deployment of AI 'agents' (bots).
Innovation has long been at the steering wheel. This project was enabling AI art in 2021 - before it was cool. But this is just one use case for the rockstar project.
With the simple goal of becoming the premier launchpad for commercial AI automated agent systems.
Fetch AI has leaped from strength to strength. From deep parking integrations with Tesla to partnerships with West Ham United.
But after a difficult 2022 for FET price action, the internet has finally caught up. The AI hype train has left the station - with the rise of ChatGPT and Google's recent announcement of BART.
Fetch AI (FET) Price Analysis
FET is currently sat high with a trading price of $0.54 at time of writing.
The last time FET saw this level was back in April 2022, ahead of a long slow bleed out throughout last year. Downwards price action finally bottomed out after the FTX collapse in November ($0.05).
Attempts to save the promising project from capitulation saw slim movements throughout December. Bollinger bands tightened into the New Year as price wrestled constant bottom seller pressure.
By the turn of 2023, FET had broken back into support at a more comfortable support level between $0.08 - $0.10.
But macro sentiment from Bitcoin (BTC) and the increasingly dovish Fed ignited markets.
January saw the start of this rally, unassuming at first as it tracked BTC movements. But Fetch AI gained ground quickly at the axis of blockchain and AI technologies. FET posted +228% by the
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