TRUTH BEHIND #fet.ai
$FET price experienced a sharp decline on Monday following an announcement from #Binance to delist the asset. The ensuing FUD resulted in selling pressure building on the asset, driving the price to a low of $1.104. However, the price of FET began picking up on Wednesday.
👉According to Binance News:
the AI Super Intelligence Alliance has announced that the ASI token merger plan will commence on July. This will done in two phases,
1. The first phase will temporarily merge $AGIX and $OCEAN into FET, which will later be converted into ASI.
2. The second phase will deploy cross-chain deployment of ASI tokens, and the FET network will be upgraded to no longer support the conversion of AGIX and OCEAN into FET. Instead, it will open FET, AGIX, and OCEAN to ASI migration contracts.
👉WHO TOOK ADVANTAGE::???
Whales took advantage of the market panic to buy in low, resulting in an explosive surge in price for FET. ASI-associated tokens also skyrocketed, with SingularityNET (AGIX) increasing by 25% in the last 24 hours.
According to the official Fetch AI website, ASI will launch at a $7.5 billion market cap and will be among the top 20 largest cryptocurrencies.
RISING OF AI:
The rise of AI and subsequently the success of Nvidia may trickle down to #AI-based cryptos such as #RNDR: , FET, AGIX, and OCEAN surging in price. As the bull market matures, AI cryptos will only continue to rise, offering massive gains.
