• Fetch AI (FET) has seen a +525% gain as the crypto winter continues to lift.
• The project aims to create an ecosystem for the design and deployment of AI ‘agents’ (bots).
• FET has rallied 40% so far this week alone, with strong upwards potential.
What is Fetch Ai?
Fetch AI is a Cambridge-based AI project that aims to create an ecosystem for the design and deployment of AI ‘agents’ (bots). Led by entrepreneur Humayun Sheikh, the team has been enabling innovation in 2021 – from deep parking integrations with Tesla to partnerships with West Ham United. With the goal of becoming the premier launchpad for commercial AI automated agent systems, Fetch Ai has leaped from strength to strength.
Fetch Ai Price Action
The FET token currently sits at a trading price of $0.54 at time of writing. After a difficult 2022 for FET price action, it bottomed out after the FTX collapse in November ($0.05). Attempts to save the promising project from capitulation saw slim movements throughout December and January saw the start of a rally which tracked closely with Bitcoin (BTC). February saw explosive volatility as FET posted +228% by month end, with support now sitting high above the 200-day MA at levels between $0.25 – $0.30.
Upside Potential
With such strong rally momentum, there is good upwards potential for further growth in FET price action. A push higher would likely see a break up to $0.75, flipping it from resistance to support level once again and opening up further upside potential beyond this point.
Other Altcoins To Watch
As well as watching developments in Fetech Ai’s price action, there are other altcoins that might 10x this year due to increasing digital adoption and dovish monetary policies across global markets providing tailwinds for cryptocurrency growth generally speaking: ChatGPT and Google’s recent announcement of BART both show promise as upcoming projects on which investors may wish to keep an eye on progress over time..
Conclusion
Overall it is clear that 2021 will be an exciting year for blockchain technology and cryptocurrency prices more broadly speaking; with new projects emerging every day and established ones like Fetech continuing their impressive performance streak – there is something here for everyone looking to make money within these markets!