An altcoin from the artificial intelligence (AI) sector of digital assets has outperformed most of the crypto markets over the last week as the project readies new updates.
Fetch.AI (FET) is a blockchain that aims to use AI to help automate certain tasks in various business sectors.
According to crypto insights firm Messari,
“Their platform allows users to build, deploy, and connect smart agents for automating web3 systems and transforming business models. Through their technology, users can create open services using automation and AI in various sectors such as supply chain, finance, travel, and predictions. Fetch Network aims to reinvent the way we live and work by enabling agents to learn, predict, and undertake meaningful tasks in the real world.”
At time of writing, FET is up 69% in the past seven days, and at one point was up 72% after it rallied from $0.22 to $0.38.
FET’s price action comes as Fetch.AI gears up to release its new DeltaV technology, a large language model (LLM)-based chatbot for performing tasks.
According to Fetch.AI,
“DeltaV is a new search-based AI chat interface powered by Fetch.ai’s innovative AI agent technology. It leverages natural language conversations to enable it to automatically handle end-to-end tasks for the user positioning DeltaV as a frontrunner in the AI economy.
The introduction of DeltaV marks the next phase of our mission to revolutionize commerce. By enabling a direct engagement between businesses and customers for tasks like booking transportation, travel arrangements, cleaning agents, and more – Fetch.ai promises to transform the current aggregator-dependent landscape and deliver the next generation of seamless AI-powered commerce that consumers expect today.”
FET is currently trading for $0.3709.
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With a particular emphasis on Fetch.ai (FET), the findings made by the pseudonymous crypto analyst Rekt Capital indicate that the artificial intelligence (AI) cryptocurrency project is poised for a bright trajectory in the future.
In addition to having a huge following of 377,500 people on the social media network X, the analyst makes an optimistic prognosis, indicating that Fetch.ai is on the verge of reaching a new all-time high (ATH).

The analysis conducted by Rekt Capital reveals that the machine learning platform is now witnessing a significant upsurge as a result of a successful retesting of a crucial price level.
Analysis of technical aspects sheds light on the momentum of Fetch.ai
The focus that has been made on the retest of Fetch.ai is indicative of a technical analysis perspective in which the price behavior of the project at this significant level serves as a major indicator of potential future gains.
As of the cryptocurrency watchlist, Rekt asserts that the value of FET has climbed by more than 300 percent. The price of the artificial intelligence cryptocurrency increased from $0.53 on December 9 to $0.67 on December 16 following a period of volatility in pricing.
In addition, the technical analysis paints a favorable picture for the cryptocurrency Fetch.ai, which has seen sixty percent of trading days that are considered to be "green." In addition, approximately thirty different technical indicators are indicating that Fetch.ai is in a bullish position.
More and more people are becoming aware of the opportunities that lie at the intersection of blockchain technology and artificial intelligence, as seen by the proliferation of cryptocurrencies that are centered around AI.
The large increase in the value of Fetch.ai (FET) that occurred as a result of its cooperation with SingularityNET (AGIX) is a case in point that illustrates this concept.
It is quite probable that the partnership between Fetch.ai and SingularityNET is a strategic engagement with the objective of utilizing the technology synergies that exist between the two businesses.
SingularityNET is a platform that simplifies the process of producing artificial intelligence services and exchanging them. The expertise and knowledge that SingularityNET possesses might be beneficial to Fetch.ai.
Many investors believe that the combination of blockchain technology and artificial intelligence (AI) has the potential to usher in a new wave of innovation in the cryptocurrency market. This alliance is evidence of the rising utilization of both of these technologies.
According to statistics provided by Coingecko, the price of FET was $0.76 at the time of this writing, representing a rise of 7.5% in the previous twenty-four hours and a weekly gain of 10% over the course of the previous week.
There is a possibility that FET will achieve highs that have never been seen before, which would be a difficult task. To successfully break through the red resistance and transform it into a level of support, which would mark a turning point in the price trend of FET, is the critical next step in achieving this potential, according to Rekt. This would be the most important stage in the process of realizing this potential.
When establishing their pricing projections for Fetch.ai, knowledgeable professionals in the business took into consideration all of this information. They believe that the value of Fetch.ai will reach $0.77 by the end of the year 2023, which would make it an attractive cryptocurrency to keep an eye on due to its potential.
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