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Information about Fetch.ai (FET)
Fetch.ai is a platform designed to connect algorithms and Internet of Things (IoT) devices to enable automated economic activities. Fetch.ai creates an ecosystem where economic activities in energy, supply chain, hotels, and transportation can occur autonomously by combining Blockchain technology and artificial intelligence (AI).
Fetch.ai’s technology has a three-layer structure: Autonomous Economic Agents (AEA), Open Economic Framework (OPF), and Smart Ledger. With this mechanism, Fetch.ai allows automating internal operations and creating a marketplace for information, data, energy, supply chain management, or hardware sharing services.
As a platform that combines future technologies, Fetch.ai creates an automated economy and can connect data, hardware, people, and infrastructure and bring efficient results optimally.
Fetch.ai token (FET) is a utility token of the Fetch.ai ecosystem, operating on the Ethereum platform according to ERC20 standards and used for the following purposes:
News
FET has surged by 53% in just 11 days as of April 21, 2025, reflecting robust buying interest along with market balance.
Key technical signals, including the DMI and MACD, indicate a bullish trend, reinforcing the potential for further price increases towards the target of 0.75 USD.
Despite the bullish momentum, it’s prudent for traders to remain cautious due to possible market volatility that may arise.
During the last 24 hours, TAO surged by 12.5% and FET jumped by 10.14%, reflecting strong demand for AI-centered cryptocurrencies. In Q1 2025, AI tokens garnered 35% of global investor focus, surpassing memecoins’ appeal.
Nvidia’s CEO visited China amid trade tensions, yielding positive sentiments in AI cryptocurrencies. Bitcoin’s firm performance contributes to the elevated interest in AI and memecoins, fostering a bullish environment for these assets.
All top five Crypto AI tokens have turned profits, following a 10% rise in Nvidia’s stocks since April 9, which went from 94.50 USD to 114 USD.
SEI has become one of the most searched assets in Coingecko, contributing to its price rally potential as capital inflows increased due to favorable US CPI data.
Render Network leads with a 45.6% gain, Bittensor at 30.4%, FET at 35%, and ICP with 10.3%, showcasing a robust week for Crypto AI tokens.
FET has rebounded nearly 50% after hitting a low of 0.34 USD during recent market declines, demonstrating strong demand from investors.
Market makers consider 0.34 USD a significant support level, suggesting that if capital inflows continue, FET could push towards the resistance level of 1.00 USD.
Despite signs of accumulation, high selling pressure still poses a threat to the 0.34 USD support, with FET being undervalued at the moment.
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