Fetch.ai (FET) Comprehensive Analysis with Latest Data from CoinGecko
1. Latest Data from CoinGecko
• Current price: $1.38
• Market capitalization: $3.48 billion USD
• 24h trading volume: $409.38 million USD
• 24h high: $1.39
• 24h Low: $1.31
• 24h price change: -$0.0061 (-0.44%)
• Circulating supply: 2,521,012,371 FET
• Maximum total supply: 2,630,547,141 FET
• All-time high (ATH): $3.45 (-60.05% from ATH)
• All Time Low (ATL): $0.0082 (up 16,792.14% from ATL)
2. Get News Updates from Primary Sources
1. Investing:
• Fetch.ai continues to gain traction due to its potential for artificial intelligence (AI) applications in decentralized systems. Investors and experts remain confident that FET will continue to grow strongly, especially as AI applications become more prevalent in the blockchain industry.
2. Bloomberg & Reuters:
• Recent reports highlight the increasing number of projects partnering with Fetch.ai, aiming to leverage advanced AI technology to improve performance and scalability. Although the price of FET has seen a slight correction in the past 24 hours, experts believe that this is part of a short-term correction cycle, not affecting the long-term potential.
3. Reddit:
• The Fetch.ai community on Reddit is very active, with many discussing the possibility of a recovery after the recent price correction. Many investors expect that FET could return to an uptrend as new applications and partners continue to be developed.
3. Comprehensive Analysis According to Stocknai
Qualitative Analysis
• Market Factors: Fetch.ai remains one of the leading projects in the field of decentralized artificial intelligence, with many potential applications in areas ranging from logistics to decentralized finance (DeFi).
• Industry Analysis: The AI market is booming and Fetch.ai is strongly positioned to capitalize on this growth, especially as blockchain projects look to integrate AI into their ecosystems.
Quantitative Analysis
• Market capitalization: With a market capitalization of over $3.48 billion, Fetch.ai maintains its position in the top 30 cryptocurrency projects, demonstrating strong investor confidence.
• Trading Volume: High trading volume over the past 24 hours shows strong investor interest, despite slight price fluctuations.
Technical Analysis
• MA (Moving Average): FET's current price is near the short-term MA lines, suggesting that the short-term trend may be stabilizing before deciding on the next direction.
• RSI (Relative Strength Index): RSI is at neutral levels, showing no signs of overbought or oversold, indicating potential for FET to recover or continue its uptrend if there is a positive signal from the market.
• MACD (Moving Average Convergence Divergence): MACD still shows a positive trend, although more clear signals are needed to confirm the next trend.
Volume Analysis
• Trading Volume: Steady but high trading volume levels, indicating continued interest from investors, could be a positive sign for an upcoming rally if there are supporting factors.
4. Investment Recommendations
• Upside Probability: Based on qualitative, quantitative and technical factors, the upside probability of Fetch.ai in the short term is around 65-70%.
• Investment strategy:
• If in: Consider holding the current position and watching the near resistance levels at $1.39 and $1.45. Place a reasonable stop loss below the support level at $1.31 to protect capital.
• If not yet in the order: Consider entering the order if the price breaks the resistance level of $1.39 with increasing trading volume, or wait for a small correction to buy
