Fetch.ai (FET) Price to Rise Following Integration with Artificial Superintelligence Alliance (ASI)?
Together with SingularityNET (AGIX), Ocean Protocol (OCEAN), and Fetch.ai (FET), they form the Artificial Superintelligence Alliance (ASI). The main goal of this project is to expedite the study and creation of Artificial Superintelligence (ASI) and Decentralised Artificial General Intelligence (AGI).
Because of this, it is anticipated that the Artificial Intelligence (AI) category will garner a lot of interest and importance in the future moment. Are you curious about the project’s phase-by-phase analysis?
Scroll down to read about the pricing analysis of Fetch.ai (FET) and the phased implementation of the Artificial Superintelligence Alliance (ASI) in this article.
Integration Of FET, AGIX, and OCEAN In Phases To Create ASI:
Notably, on July 1, 2024, these three tokens will unite as part of phase one. There will be no disruption to FET trading after the merger. In the meanwhile, exchanges will begin to delist the current AGIX and OCEAN tokens.
Data aggregator websites and exchanges will be the main focus of the first phase to ensure a seamless transition during the rebranding the ASI procedure on all significant and minor cryptocurrency platforms.
The second phase will concentrate on ASI and community development. Migration contracts for the unconverted tokens across several blockchains will be accessible during this period. Additionally, during the next upgrade, all FET mainnet tokens will automatically ASI.
The duration of this process is set for a number of years to provide users and investors enough time to convert their holdings.
Fetch.ai (FET) Cost Evaluation:
For a little while, the FET price remains in a confined range between $1.285 and $1.8, suggesting a slight bullish influence. Additionally, with a 7.89% decline
The AI token is about to test its critical support, with an uncertain outcome, during the last day.
View of Trading: FET/USDT
The green histogram of the Moving Average Convergence Divergence (MACD) shows a continuous fall, signifying a rise in the selling-over-buying pressure in the cryptocurrency market. Additionally, the averages indicate a strong likelihood of a bearish convergence, implying a dismal forecast for the AI token this week.
However, the FET price chart in the 1D time frame is consistently met with resistance by the SMA indicator, indicating a strong bearish mood in the cryptocurrency market Will the Price of FET Rebound?
The bulls will regain momentum and test the resistance level of $1.855 shortly if the market maintains the Fetch.ai price above its crucial support level of $1.285. Furthermore, the FET coin price will be ready to challenge its upper level of $2.369 if the bulls maintain the price at that level.
But if the bears triumphed over the bulls, the price of FET would breach its critical support level of $1.285 and fall to this month’s low of $0.816.
Source : coinpedia