🚀🔥 Nvidia to Unveil Financial Results: A Catalyst for FET and AI Token Price Surge! 🔥🚀
The so-called “world’s most valuable company,” Nvidia (NASDAQ: NVDA), due today for its second-quarter results, is getting all the attention. Crypto projects focused on AI development—led by the Artificial Superintelligence Alliance ($FET )—are capturing massive investor attention.
👉 And this is not the first time! Nvidia's quarterly results have already had a positive impact on AI-related crypto projects, even without being directly affiliated with the company.
🔸 FET Price Well Positioned for New Bull Run
Since the crypto crash on August 5, FET price has rebounded significantly. From a technical perspective, FET price against the dollar has already broken a descending logarithmic trend. Moreover, the altcoin has consistently closed above the 50-day Moving Average (MA), suggesting that bulls are gradually regaining control.
However, FET price could see a retracement towards the support level around $1 before moving towards a new all-time high. Moreover, the daily Relative Strength Index (RSI) was rejected at the 70% level and could retrace again towards 50%.
🔸 A growing ecosystem
💬 ASI Alliance CEO and SingularityNET CEO & Chief Scientist Ben Goertzel joined @mattzahab on the cryptonews podcast to discuss the future of AI and blockchain, the history and future of AI, and how AI and blockchain work together! — Artificial Superintelligence Alliance
The intersection of AI and blockchain has enabled FET to become a mid-cap altcoin project, with a diluted valuation of approximately $3.3 billion and an average daily trading volume of $368 million.
🔸 A market to watch closely
The bullish scenario for FET price will be largely determined by the long-awaited moment of the altcoin season. From a technical point of view, the next bullish signal of this season could be triggered by the reversal of Bitcoin’s weekly dominance.
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