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$FET is an AI coin own by a Cambridge -Based AI company. Currently two other AI companies (SingularityNet AGIX and Ocean Protocol OCEAN) are forming a merge with FET to produce a single coin called Artificial Superintelligence Alliance ASI, although the coin is not yet launched, but holders of AGIX and OCEAN have been asked to swap their tokens to FET, this could be the reason FET is surging in price of over 70% in a month.
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As these three powerful AI companies are teaming up to produce a single coin, it could only mean that the coin ASI will blow up this bull run. Although details of ASI have not been released yet, but if it has same supply as FET, which has a total supply of about 2.7 million and a market cap of about 4.4 billion, given it's current price of $1.7 it will have to reach a market cap of 261 billion to hit $100 which is about 59Ă, of which is very possible due to the merge.
This price target is very feasible in my opinion, although it's a speculation.
Let me know what you think of FET.
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