As the bleak crypto winter progresses, FET token has registered a massive gain of +525%. What’s Up With Top Altcoin Fetch Ai?
The brainchild of Cambridge-based AI entrepreneur Humayun Sheikh, bring ai Aims to create an ecosystem for the design and deployment of AI ‘agents’ (bots).
Innovation has been on the steering wheel for a long time. 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 leapt from strength to strength. by deep parking integration with Tesla to partner with West Ham Joint.
But after a tough 2022 action for FET price action, the internet has finally caught up. The AI hype train has left the station with the rise of ChatGPT and the recent announcement of BART by Google.
Fetch AI (FET) Price Analysis
At the time of writing FET is currently trading higher with a trading price of $0.54.
The last time FET saw this level was back in April 2022, before breaking out into a protracted slow down over the course of last year. The downward price action has finally come to an end after the collapse of FTX ($0.05) in November.
Efforts to save the promising project from capitulation saw slow progress throughout December. The Bollinger Bands tightened into the new year as sellers’ pressure continued to mount at lower levels.
By the end 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 a bullish Fed ignited the markets.
January saw the start of this rally, the first time it tracked BTC movements. But Fetch AI quickly gained ground on the pivot of blockchain and AI technologies. FET posted +228% by the end of the month.
The rally turned skyward in early February, as the Bollinger Bands widened in explosive volatility. The price action ran away from the support at the 200 day MA and went into an upward price exploration.
And the descending of the hammered green candles hasn’t stopped. FET is up 40% so far this week – a complete recovery from the 2021 lower support levels.
Local support is now above the 200-day EMA with support levels between $0.25 – $0.30.
With such strong rally momentum, there are good prospects for FET. A push higher could see a break to $0.75.
Flipping $0.75 from resistance to support will position the FET inline with a 2021-style bullish chart structure. A strong foundation to test at a new ATH above $1.
This week has seen large candles which are foreshadowing even larger movements for FET. This has not gone unnoticed on the RSI 14 Indicator.
Currently scoring a high reading 77 – a classic overbought bear signal from the RSI. This indicator has come close to overheated on the most recent move.
Yet the January rally heated up at a similar level with FET’s RSI moving towards $0.20. This did not stimulate downward action.
Rather gave way to a 14-day consolidation period at our local support level ($0.25 – $0.30).
Thus it can be read that the RSI calls for a consolidation cool-off period before the bullish momentum resumes.
The MACD for FET is also trading unusually high at 0.0133. This is bullish, indicating a breakout zone and extreme momentum from immediate buying pressure.
Predictions suggest that FET is looking to consolidate and consolidate the gains of the rally. This could include a retracement to test our local support at $0.30. Nevertheless, with bull pressure remaining high – and skyrocketing volatility hard to predict – a run to $0.75 is likely.
A move to $0.75 would be a +40% gain from here. A drop to the local support at $0.30 would result in a loss of -44%. With a risk:reward of 0.9, there appears to be more downside risk in the current price action.
Which other altcoins could 10x in 2023?
Meta Masters Guild ($MEMAG) – Pre-Sale Almost Over
The Meta Masters Guild is a decentralized GameFi ecosystem that aims to provide high-quality, blockchain-integrated mobile games.
Current presale price: $0.021 USDT
CEX Listing Price: $0.023 USDT
There is only one basic currency of the ecosystem, the meta masters guild Token ($MEMAG), which will be used in all MMG games and players can earn rewards in the form of Gems, which can be converted into $MEMAG.
The system incentivizes players to invest both their time and money into the ecosystem for fair compensation. MMG prioritizes fun and sustainable gameplay over profit-maximizing economics and introduces Play and Earn (P&E) gaming to the crypto web3 game space.
Players truly own the in-game assets, and there is a strong focus on community engagement with the native $MEMAG token set to control the governance of the ecosystem. MEMAG addresses issues in the gaming industry by creating a decentralized and fair ecosystem that puts players first.
The first game, Meta Kart Racers, is set to launch soon, with many more like Red NFTs in the pipeline!
Visit the Meta Masters Guild here
Fight Out ($FGHT) – Pre-Sale ends soon
Are you looking for a way to get in on the ground floor of the future of sports? to fight FGHT Token is your answer. With a unique combination of technology, community and value, this token is set to disrupt the world of traditional exercise and revolutionize the way individuals interact with their fitness!
Pre Sale Price: $0.020 USDT
CEX Listing Price: $0.033 USDT (April 5!)
Fight Out is a move-to-earn (M2E) fitness app and gym chain that gamifies fitness by rewarding users for completing workouts and challenges, growing the community, and growing their avatars. The platform tracks real-life workouts to improve a user’s avatar stats.
Fight Out aims to introduce a large web2 audience to the metaverse and m2e on web3 by using user-friendly technology and socially engaging digital avatars. The platform offers workout classes, on-demand sessions, and personalized routines.
Users earn $REPS, an in-app off-chain currency, for healthy activity and can redeem $REPS for items in the Fight Out store, discounts and personal benefits. $FGHT is an in-app native utility token that can be used to buy more $REPS and access elite perks.
Click on the link to know more about Pre-sale, enter Pre-sale Contest to win $250kAnd secure your spot in the next big thing in exercise.
C+ charge ($CCHg)
c+ charge Carbon Credits is a cutting-edge cryptocurrency startup that is revolutionizing the way the industry operates. With the carbon credit industry projected to be worth $2.4 trillion by 2027, C+Charge is well positioned to take advantage of this massive growth.
Pre-Sale Price: $0.013
CEX listing price: $0.023
The company is building a blockchain-based P2P payment system for EV charging stations, allowing EV drivers to earn carbon credits and reap the benefits of this thriving industry.
Currently, only large EV manufacturers such as Tesla are taking advantage of carbon credits.
However, C+Charge aims to democratize the carbon credit market and put more of these rewards into the hands of EV owners.
with pre sales cchg token Running now, early investors have a unique opportunity to get in on the ground floor of a promising eco-friendly cryptocurrency project.
The tokens are currently selling for just $0.013 each, making this an investment opportunity not to be missed. Tokens will increase in price by up to 80% until the end of the pre-sale, so act fast!
If you are looking for a socially responsible investment that has the potential to deliver great returns, then C+Charge is the right choice. Don’t let this incredible opportunity pass you by- Add C+ Charging Revolution Today!
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