Fetch.ai Alliances and Partnerships
Fetch.ai has built several strategic alliances in the blockchain and AI space. Here are some of Fetch.ai’s key alliances:
1. Bosch: One of Fetch.ai's biggest partners, Bosch has supported Fetch.ai in developing autonomous AI solutions across various industries.
2. Fireblocks: Fetch.ai partners with Fireblocks to secure its network, focusing on digital asset trading and storage.
3. Blockchain for Europe: Fetch.ai is also involved in Blockchain for Europe, an organization that promotes blockchain development across Europe.
4. FET + IOTA Alliance: Fetch.ai partners with IOTA to deploy blockchain and IoT solutions, especially in the fields of smart transportation and energy.
Comprehensive Analysis By Stocknai
Qualitative Analysis
Fetch.ai is expanding its ecosystem with strong partners in the AI and blockchain industry. This lays the foundation for long-term growth, especially in the IoT and automation space.
Quantitative Analysis
With a market capitalization of over $3.4 billion and a very high daily trading volume, Fetch.ai is showing great liquidity and interest from investors. The potential for short-term price growth remains potential thanks to the stability of macro and technical factors.
Technical Analysis
• Current Price: FET is trading at $1.35, relatively close to its 24-hour high ($1.38), suggesting there may be further upside momentum.
• RSI and MACD: Technical indicators are currently showing that FET has not entered overbought or oversold territory, which could mean that the price could continue to move steadily in the short term.
Probability Analysis and Recommendations
• Short-term price increase probability: The possibility that FET price can continue to increase is around 70-75%, especially if the development and cooperation in the field of AI and blockchain is maintained.
• Recommendation: If you have entered an order, continue to hold and consider taking profit at the resistance level of $1.45-$1.50. If you have not entered an order, you can consider an entry point around $1.30 with a stop loss below $1.25 to manage risk.
Conclude
Fetch.ai is one of the most notable blockchain AI projects today, with strong alliances and steady growth. In the short term, FET is likely to continue to increase in price, but investors need to closely monitor market fluctuations and news from the project's major partners.