Investors eagerly await Nvidia's financial results.
American chipmaker #nvidia Nvidia, a company with a market value of US$ 3.48 trillion and which competes with #Apple for the title of most valuable in the world, releases its results for the third quarter of fiscal year 2025 on Wednesday (20), after the closing of Nasdaq.
This data, if positive, can boost the crypto market, making projects#artificialinteligence and#DePIN benefit in the short term.
In light of this significant positive catalyst, on-chain metrics further support the bullish outlook for FET. According to on-chain analytics firm IntoTheBlock, the large transaction volume for$FET increased by 61%, indicating strong participation from whales and institutions amid the bullish sentiment and the recent breakout.
In addition to trading volume, FET open interest has increased by 8.5% over the past 24 hours, indicating increasing positions from traders as market sentiment begins to shift.
After the merger of $FET to ASI, many investors viewed this move with suspicion, causing the value of the token to plummet. Currently, the protocol has been slowly recovering, following the enthusiasm phase of the cryptocurrency market.