FET, the native cryptocurrency of artificial intelligence (AI) lab Fetch.ai, is up 108% over the past week after topping $1 for several years. Over the past 24 hours, Fetch AI's price increased by another 42% to reach its new all-time high of $2.75 with a market cap of $2.27 billion.
With this, FET officially enters the list of top 50 cryptocurrencies by market capitalization. Additionally, 24-hour trading volumes for Fetch AI also soared 80% to $1.22 billion.
Recovering AI Price May Grow 20x, Says Analyst
Lately, many crypto analysts have expressed optimistic opinions about the long-term prospects of Fetch.ai. Crypto Rover, a leading analyst, remains bullish on $FET, suggesting there is ample room for growth ahead.
In a recent tweet, Rover revealed that it purchased $FET at $0.70 and indicated no plans to sell in the near future. Additionally, Rover shared a bold prediction, stating: “Its market cap is now $2 billion. I think it will be between $40 billion and $60 billion. 20x from here seems reasonable.
