The ecosystem of Fetch.ai has remained dynamic since the coin’s inception. This article will examine and discuss the fundamental, historical, and technological reasons that have influenced the evolution of the Fetch.ai protocol.
It also covers a FET price prediction, which will aim to forecast the best possible conclusion for this coin, which had an excellent run in 2022.
Fetch.ai Price Prediction | Introduction
At the time of writing, FET’s value was around $0.084, with a market cap of over $63 million, and a 24h trading volume of almost $14 million.
Fetch.ai was founded in 2017, and two years later it launched its native cryptocurrency, called FET.
Fetch.ai is a blockchain-based AI (artificial intelligence) and ML (machine learning) platform founded to enable and improve the growth and development of the digital economy without human interface.
Fetch.ai Price Prediction: Technical Analysis
Although FET has experienced some dramatic value changes (e.g., after its launch on March 2, 2019, it lost more than half of its value by the end of the month), Fetch.ai’s native token can still recover, according to its price prediction.
|Year||Minimum Price (USD)||Average Price (USD)||Maximum Price (USD)|
Below is an outline of the coin’s trends in the last 6 months:
|Month||Open Price||Closing Price||Month High|
The source of the historical data can be checked here.
Fetch.ai Price Prediction: Market Opinions
While FET is currently in a bearish trend, there are some optimistic predictions about its future, with most anticipating it to set a new all-time high.
According to Wallet Investor, FET is a “poor” long-term investment. It anticipates that the utility token will be valued at $0.03 in a year and will not recover significantly from that point.
Gov Capital is more optimistic about the price potential of the AI coin. Its Fetch.ai price estimate for 2023 is that the token will exceed $0.60 in November.
Meanwhile, PricePrediction.net predicts a slower rise. It expects FET to rise from an average of $0.091 in 2022 to $0.29 by 2025. Its average Fetch.ai pricing projection for 2030 is $1.78, growing to $2.62 the following year.
Digital Coin Price also predicts a slow growth rate. According to its FET coin price projection, it will only reach a maximum of $0.22 in 2025. FET is unlikely to hit $1 in the next 9 years, according to the platform, which predicts an average price of $0.59 in 2031.
The FET token is centered on utility: businesses may use it to automate their operations, whether in transportation or Defi. FET’s future will be determined by how many enterprises Fetch.ai can add to its platform.
Fetch.ai Price Forecast for November – December
DigitalCoin’s Fetch.ai price prediction for 2023 shows that FET may face intense selling pressure as paper hands exit the broader market and open short positions. However, Fetch.ai’s price forecast for the rest of the year in 2022 remains between $0.0826 and $0.10.
Wallet Investor reports that FET currency has found considerable support against the make-or-break price level of $0.90. According to the Fetch.ai price estimate for the remainder of the year, a considerable amount of short positions will be opened near this level, but FET will feel pressure to move higher and test $1.15.
Fetch.ai Price Forecast for 2023
According to technewsleader.com, the projected price for 2023 is quite optimistic. Analysts predict that FET will achieve a maximum price of $0.16 by the end of 2023. Also, depending on the market, the anticipated average price of FET will be about $0.14 in 2023.
FET has much room for expansion according to bitcoinwisdom.com. Experts believe that its value will reach $0.207 next year, following the possible announcements for various new partnerships and activities.
Cryptocurrency Experts and Influencers
Cryptonewsz.com’s FET price prediction for 2023 indicates that the token’s value will trade at around $0.53 at the beginning of the year. By the end of 2023, FET’s value would reach $0.55. FET coin’s average price will be $0.47.
Latest News about Fetch.ai
Yahoo Finance reports that Fetch.ai has recently added 40,000 new users to its network. They were onboarded from Get My Slice, and the platform intends to include more users in the coming months.
This move was part of its efforts to scale an active user base and its ecosystem of dApps (decentralized applications). Fetch.ai’s newest update follows the opening of its $150 million development fund with cryptocurrency exchanges ByBit and MEXC Global.
The Fetch.ai network’s team is focused on integrating Web 2.0 platforms into an interconnected ecosystem of dApps. These efforts seek to improve data privacy while also developing smarter automation technology.
What Is Fetch.ai?
Fetch.ai is a cutting-edge platform that connects IoT algorithms and devices for collective learning. It is based on a shared ledger with high throughput. Fetch.ai’s architecture offers a distinctive smart contract capacity that may deploy artificial intelligence or machine learning solutions, allowing for decentralized problem-solving.
Fetch.ai’s native cryptocurrency, FET, is available on multiple crypto exchanges, including Binance and Coinbase.
What Is Fetch.ai Used For?
Fetch.ai is a platform for developing and modifying decentralized, autonomous AI networks capable of performing complicated coordinating tasks. Its mission is to integrate digital and physical economies for automation to revolutionize the way we utilize data.
Fetch.ai Price Prediction: Verdict
Fetch.ai has transformed various industries since its launch. However, from the analysis cited in this article, it is clear that price predictions are rather contradictory.
Indeed, future potential growth is dependent on multiple factors, including announcements, new technologies developed by the company, legal status, the crypto ecosystem in general, and many more.