Focusing on FET, its burn plan is very likely to inject a shot of adrenaline into market sentiment. From the perspective of the burn mechanism, FET will burn 5 million tokens, a move that will undoubtedly reduce the circulating supply in the market.
Generally speaking, this situation is seen by the market as a positive signal, which will help drive up the price of FET.
In terms of market sentiment, the current popularity of artificial intelligence themes is continuing to rise, and combined with this burn event, it is very likely to attract more speculative funds into the market.
Regarding current price analysis, FET's price is hovering around 1.6. Stimulated by this news, its price is likely to fluctuate in the short term.
However, it is important to note whether the market's enthusiasm can be sustained after the burn plan is officially implemented.
Investors are advised to closely monitor market dynamics and not to blindly chase prices.
It is advisable to patiently wait for a price correction, or to cautiously consider operational strategies after confirming a breakout has occurred.
