Fetch.ai Price Prediction

What is Fetch.ai?

Fetch.ai is an innovative platform that connects internet of things devices and algorithms for collective learning. It is built on a high throughput shared ledger. The architecture of Fetch.ai delivers unique smart contract capability that can deploy machine learning or artificial intelligence solutions, which helps in decentralized problem-solving.

Fetch.ai Overview

Cryptocurrency Fetch.ai
Ticker Symbol FET
Price $ 0.60599
Price Change 24H -1.03%
Price Change 7D -13.05%
Market Cap $ 416,731,787
Circulating Supply 688,117,805 FET
Trading Volume $ 34,938,294
All-Time High $1.19
All-Time Low $0.00827
Fetch.ai ROI +791.98%

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Open-source tools provided by the Fetch.ai platform allow users to create diverse ecosystem infrastructure and deploy new commercial models. Fetch.ai includes an international team of engineers working on the convergence of blockchain, artificial intelligence, and multi-agent systems. It works on a highly scalable next-generation distributed ledger technology and combines machine learning. The ecosystem of open access tokenized decentralized machine learning networks for smart infrastructure includes multi-agent systems, machine learning, and cryptography to facilitate a decentralized digital economy.

Fetch.ai was founded in 2017 with a team of experts, including Humayun Sheik, the CEO and co-founder of the project, and Toby Simpson, Thomas Hain, and Jonathan Ward. The company’s main partners include BOSCH, german manufacturing, and technology work with Fetch.ai to launch a fully-functional blockchain network V2.0 Mainnet. ‘Festo’ team partnered with Fetch.ai to launch a decentralized manufacturing marketplace. Catena-X, innovative telecom laboratories, Fireblocks, YOTI, etc., are other main partners of the ecosystem. Fetch.ai has joined with OpenDAO and OCP. The holders of FET on Binance Smart Chain can use them for staking and the exchange of OMNIC token, Minting USDO stable coin.

Uniqueness and Use Cases of Fetch.ai

It is important to know how users perform tasks on a website, what are the use cases. Through intelligent data sharing and artificial intelligence, Fetch.ai tries to solve the everyday problems of companies that use ML and AI. With the help of use cases, it helps to improve the efficiency through optimization of existing systems.

Autonomous AI Travel Agents

They help establish a direct connection between consumer and provider, thereby minimizing the cost of intermediaries, which reduces the role of centralized aggregators and services. FET power AI travel agents that connect the customer directly with the provider ensure privacy, better value, and personalized experience. Customers can transfer the necessary data needed for bookings directly with the hotel or provider. There is no need to enter that in a third-party website. This also avoids hidden charges or payments arising from the side of the third-party site. Fetch.ai helps the customer for a significant cost reduction, time-saving, keeping privacy with sensitive data.

Delivery Agents

A decentralized delivery network (DDN) provides infrastructure for delivering packages, pizza across the globe. DDN was established as a result of two years of hard work from Fetch.ai to connect the supply chain network, agents, autonomous vehicles, delivery network, and UK train infrastructure. Creating and experimenting with strong partnerships and experimenting with the setup of multi-agents systems was a hardship for the company.

Smart Cities Field Trial

With the help of multi-agent blockchain-based AI digitization services, Fetch.ai provides mobility solutions to real estate properties. The AI helps to notify available parking lots, calculate the parking charge and help for the easy transaction of parking fee. Hence users can avoid searching for a parking lot, waiting time on taking parking tokens, and delay with payments.

Commodity Exchange and Decentralized Finance

Help the traders to simplify digitalized trading of steel, base metals, commodities through the use of tokens. It gains access to a new risk management tool and maintains high-level security on transactions. It also allows hedging between raw materials and finished products.

Collective Learning

It is a tool that enables different parties to trail the ML model without sharing the underlying data. It is most useful when personally identifiable information is involved. It has an application in a wide variety of areas include hospitals and health services also.

Signs AgentsĀ 

It helps the vehicles to search and know the traffic-related information, traffic signals on the specified area where the vehicle is planning to travel. This traffic agent has the additional ability to communicate with the vehicle to add more insightful information to the journey.

Supply Chains

It helps the supply chain to plan, better know the partnership firms, analyze future patterns. Enable them to navigate disruption months in advance.

Driving Technology of Fetch.ai

The aim is to provide a fully autonomous agent-based digital economy. The building technology of Fetch.ai mainly concentrates on the machine-to-machine economy. The same is facilitated by a generic framework for building off-chain protocols using multi-agent systems and novel blockchain techniques. The agent framework can be used for oracles, interchain transfers, state channels and is tightly integrated with the Fetch ledger.

Fetch.ai FET technology stack is built using principles derived from multi-agents. The technology enables multiple decentralized parties to achieve a common goal. The Fetch.ai technology stack mainly includes distinct parts and an Agent framework that provides modular and reusable components for building multi-agent systems. Open economic framework with peer-to-peer networking tools. And the last one is Agent metropolis. It is a collection of smart contracts that run on a WASM and, finally, the Fetch.ai blockchain.

Fetch.ai Mainnet was live from January 2020. It supports services such as staking, governance, and identity that supports the deployment of agent application. Its blockchain is based on Cosmos SDK, and it enables inter-chain communication. Fetch.ai V2.0 ledger is also built using Cosmos SDK. Fetch.ai consensus is based on Cosmos Tendermint’s implementation. It is characterized by a decentralized random beacon for selecting block-producing nodes.

To reduce storage cost and speed up synchronization, the entire network uses compact multi-signature and a slot proof of stake consensus. It reduces computational issues and helps to protect validators from operating nodes at a loss. It has an agent registry to build the agents faster than ever, and an agent framework is a development suite in Python.

The smart ledger of Fetch.ai FET has two major components, smart contract, and data for decisions and predictions. The contract is on the ledger, and the data is on the DAG. Smart ledger programs are specifically designed to deliver tests, advanced coordination, and prediction. All the services and provision to buy token is available on the Fetch.ai official website.

The Overview of Fetch.ai Cryptocurrency

The native cryptocurrency of the Fetch.ai ecosystem is called FET. It is the key to unlocking all the services and facilities of the Fetch.ai network. Based on the past data, there are 1,152,997,575 FET coins generated initially. Fetch ai cryptocurrency is required to find autonomous training agents and is essential for smart contracts and all other transactions of the economy. The major five usages of Fetch.ai coin are listed below:

  1. This is an access deposit token that helps to connect agents and nodes to the network.
  2. Infinitely divisible FET coin is required for value exchange between two agents regardless of where they are sitting.
  3. Access to the digital world and access to the digital services provided by Fetch.ai is facilitated by FET.
  4. It enables access to a broad range of ML and AI tasks
  5. Operation costs in Fetch.ai are decoupled with FET.

Technical Analysis of FET Token

The technical analysis of the Fetch ai coin on the daily chart designates the current price of FET $0.95 with a 24-hour trading volume of $144,186,429 across major platforms. Fetch.ai price is 0.35% up than the previous trading session. The highest price of the trading session is $1.02, and the lowest price is $0.85. Fetch.ai has a total market cap of $706,057,438 with a circulating supply of 746,113,681 FET coins.

Technical Analysis of FET

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The Fetch.ai price has touched an all-time high of $1.19 on September 8, 2021, the day after which most cryptocurrency and altcoin crashed due to the announcement of Bitcoin as a legal tender in EI Salvador. After the highest price, the coin traded bearishly, and the FET price hung in a $0.5 to $1 range with an average of $0.65 most of the time with relatively low volume.

Weekly Analysis of FET

Technical analysis on the weekly chart shows that after a sharp ‘V formation, it has a successive price drop for the next four weeks. Later the trend is converted to green. FET has given around 8% return in last month. The current trading week is massively volatile but expected to end up in green as per our forecast system. Interestingly, the price-volume oscillator is almost stable from September to November, even though markets crashed and flourished many times. The FET coin was completely neutral and continued the sideways momentum with relatively small variations in its prices.

Fetch.ai Price Predictions: 2021-2026

Historical data shows that the Fetch.ai price has dropped from $0.4045 to $0.0323 in late September 2019. The Fetch.ai price fell further to an all-time low of $0.0083 on March 13, 2020.

Fetch.ai Price Prediction

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Analysis on the monthly chart of Fetch.ai indicates that the FET coin hasn’t given any good sign in markets for a two-year time frame after the initial coin offering, rather than minute price movements. The value of the FET coin was comparatively low. The market has given a green signal for Fetch.ai FET from the beginning of 2021. The coin marked a price increase and touched an all-time high later in September 2021.

Fetch.ai Price Forecast

The beginning of 2021 was a good time for the entire cryptocurrency market. Altcoins rally, and some of them sustained momentum. The price of Fetch.ai FET has begun to rally from 2021, and the price of Fetch.ai tested maximum and subsequently witnessed a correction and trading on sideways. The future analysis, forecast, and own research of major financial advisors in markets recommended that the Fetch.ai price can be a good investment opportunity for profitable returns in the future.

FET Price Prediction

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Since the price hanging within the parallel range, support and resistance are placed very nearby. An immediate resistance level is $0.95; FET has tested this resistance level for three trading sessions. Crossing this resistance level can take it into the next resistance level placed at $1, which is crucial for FET to escape from sideways movement. It is a significant resistance level that can take the FET price to cross the highest levels.

Immediate support is placed at $0.87; any fall below this will end up Fetch.ai at $0.81. The major support is placed at the level of $0.60624, which was tested on September 21 & 22, but the bullish engulfing formation has created a bounceback and trend reversal in FET price. Then, the coin started to move at an average price within a horizontal range. $0.707 to $0.6625 act as a support zone; Fetch.ai took support in this range for many trading sessions.

Technical Indicators of FET

Technical indicators on chart: Relative Strength Index (RSI) is around 63, which is an average indication. MACD crossed the signal line since the current price of FET moved sideways. The average directional index is in an upward direction. The three significant indicators are slightly bullish, not showing any signals of an immediate fall as per the most reliable cryptocurrency forecast. Since the indicators look positive, aggressive buyers can take an entry on an appropriate level as per our Fetch.ai price prediction.

Fetch.ai Technical Indicators

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Examining some of the additional technical indicators: FET is moving above its 20 EMA, 50 EMA, and far above its 200 EMA, which is a positive sign for investors. On Balance Volume (OBV) is showing a good indication, and the Fear & Greed (F&G) indicator is around 52, which means the traders and investors of FET are confident. Indicators are positive, and candles are strong and bullish based on our analysis and short-term prediction.

However, it is noticeable in the chart that, in most of the daily trading sessions, the wick of the candle is large and the body is small, there is not much difference between opening price and closing price for a day, which means FET is highly volatile on single trading sessions. But as per our forecast, traders can look for a profitable trade with these movements.

The last week of October has witnessed an uptrend till $0.99 failed to cross $1, but the first week of November shows a mixed trend with slightly bullish indicators. Based on our price forecast, FET is expecting an upward price action in the near future if it can break the $0.99 resistance. Short-term investors and traders can look into an opportunity by making an investment on a dip. The long-term investors can wait for either crossing the $0.9505 or make an entry on a dip and wait for the uptrend.

Fetch.ai FET Price Prediction 2021

Since the beginning of the year, Fetch.ai was trading at $0.03 to $0.05 ranges, and early days of February 2021, prices started increasing, investors are started investing then the value of the FET beats the Fetch.ai price forecast. The average price at which FET tokens might trade throughout the year is $1.25. It is expected to reach the maximum price level of $1.4 by the end of the year.

Fetch.ai price predictions 2022

Fetch.ai price predictions for 2022 are anticipated to start with $1.29 at the beginning of January. Further movement to $1.55 in the first quarter. The average price is expected to be around $1.45. The maximum price of fetch.ai FET will be around $1.68 as per our Fetch.ai coin price prediction.

Fetch.ai Price Prediction 2023

Fetch.ai FET price prediction for 2023 shows that the token’s value will be trading around $1.7 in the beginning. The price of Fetch.ai will touch a maximum of $1.95 by the end of the year. The average price level of FET coin may vary between $1.6 to $1.8.

Fetch.ai Price Prediction 2024

Fetch.ai price prediction for future investment opportunities of 2024 shows that the value of FET crypto will touch a maximum price level of $3 in 2024. The average price of Fetch.ai is expected in the range of $2.1 to $2.5. Based on our forecast, traders can generate hefty money long-term if they invest at the current price level.

Fetch.ai Price Prediction 2025

FET price prediction for 2025 is predicted to be very bullish. Those who have Fetch.ai cryptocurrency in their portfolio can expect a good return by 2025. The FET price will touch a maximum of $3.8, and if investors are bullish and the crypto market favors, any positive news happening on Fetch can boost price action to make a spike at $4 as per our forecast. The average price of Fetch.ai for 2025 is predicted at $3.58 levels.

Fetch.ai Price Prediction 2026

Even though Fetch.ai’s future price trend is looking positive, investing in the cryptocurrency market involves an ample amount of risk because it is highly volatile. Traders can invest their money but, their own research and proper investment advice are necessary before investing. They should consider the market trend of Fetch.ai FET price, news, global cues, crypto economy when to invest so that they will get a good return.

According to our price forecast of Fetch.ai, the coin price is forecasted to reach around a minimum value of $4. The Fetch.ai value can reach a maximum level of $5.45 with an average trading value of $5.

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Frequently asked questions

Is FET crypto a good investment?

Yes, Fetch.ai (FET) will be a good investment. The FET crypto price prediction for the future is bullish, revealing the token has long-term earning potential. Based on the predicted price levels, it can be considered a long-term profitable investment. According to historical data, FET crypto has given a 90% return in the last six months. However, like every other cryptocurrency, Fetch.ai price forecast may also vary based on market conditions.

Where can I buy fetch.ai FET Token?

The FET crypto is trading in all the major crypto exchanges. Some of them include Binance, BiKi, BiONE, BitAsset, HitBTC, etc.

What will Fetch.ai be worth in 2030?

Based on the current price trend, past data, and our forecast, the price of the Fetch.ai token might cross the $10 mark by the end of 2030.

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