After Nvidia stocks climb, FET rises
In reaction to Nvidia stock gains, Fetch.ai's FET rose 26%. FET is under control at press time, but the surge is notable since it might exceed Bitcoin again. FET reached $3 before. In March this year.
Investors are red for ecological bearishness. The token is down 7.36% in 24 hours to $1.56. The previous 7 days had a 1.54% dip and the last 3 days 37.73%. The market valuation and 24-hour trading volume have dropped dramatically.
The market is over $1.3 billion and the latter category $314+ million.
Nvidia stock jumped to $138 and continues to grow. After falling to $130.78, a correction is possible. Everyone was interested in its value surpassing Apple and Microsoft to become the world's most valuable corporation. That signaled to the industry that Nvidia's frenzy is here to stay.
Demand for AI solutions drives Nvidia. Big companies like OpenAI use its processors and GPUs.
FET might hit $1.6 in 5 days and $1.8 in 30. With 18.92% volatility, monthly growth would be 14.35% higher. Around 43.77 is the 14-day RSI. Bearish sentiments with a 63 Fear & Greed Index score for the token. The latest 30 days of FET trading may indicate investors are absorbing energy. Nearly 23% of its deals have been green, while the market has been red all other days.
The 50-day and 200-day SMAs are $2.06 and $1.566658.
Bitcoin and Ethereum were outperformed by AI cryptos. If Nvidia maintains growing, the pattern may return. In the same sequence, BTC and ETH fell below $65,000 and $3,500. Spot ETF may help Bitcoin recover. Ether, on the other hand, relies on SEC ETF approval rumors.
AGIX from SingularityNET is another community-popular AI token. The price dropped 6.37% in 24 hours to $0.6443. However, it gained 20% before. DGI by Delysium and SNS by Synesis One gained.
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