FET Price Prediction: What’s Next for Fetch.ai after 10.1% weekly rally?

• Co-founded by Humayun Sheikh in 2017, Fetch.io, as a decentralized platform, aims to connect the Internet of Things (IoT) to enable secure sharing and transactions based on global data.
• The FET Crypto was rising by 10.95% at the time of writing, according to CoinMarketCap.
• The Fetch.ai crypto on 13 December was trading at $0.581620 with a 24-hour trading volume of $30,71,30,006.

The FET crypto has been on a prodigious rally over the past month or so. After registering a rally of over 40.8%, the token hasn’t shown any signs of slowing down, rallying by 10.1% over the past week or so, according to CoinGecko.

The token has been rising by 10.95% at the time of writing, according to CoinMarketCap. Fetch.ai is a decentralized platform that aims to connect the Internet of Things (IoT) to enable secure sharing and transactions based on global data.

Why is FET crypto rallying?

While the exact reason for the FET crypto is still unknown, it has been one of the bright spots within the trailing crypto market. But it seems to be on the back of the launch of its AI software programs that are autonomously intelligent and can transform our interactions with technology.

Co-founded by Humayun Sheikh in 2017, Fetch.io is a decentralized platform that aims to connect the Internet of Things (IoT) to enable secure sharing and transactions based on global data. With the help of AI, the Cambridge-based project can build a throughput shard ledger that offers smart contract capabilities, enabling firms to provide solutions to complex issues related to the modern economy.

Investors interest on high at the moment

The investor’s interest in the token has been piqued due to the interest it generates across its platform. The developers can train autonomous agents by accessing machine-learning-based utilities, and its validation nodes enable the staking of FET tokens, which help the users earn passive income.

As a result of the interest, there is a significant demand within the investor community, with the RSI showcasing it to be in an overbought zone of 59.79 at the moment. With the Fear and Greed Index in the greed phase at 73, the market sentiments still showcase a positive buying sentiment.

Image Credit: Trading View

Even the MACD indicators mimic the RSI indications, with the MACD line rising upwards despite the minor dip. The indicators suggest that the momentum is strong in the token, and if the current trend continues, it may result in more price increases.

How is FET crypto faring?

The Fetch.ai crypto on 13 December was trading at $0.581620 with a 24-hour trading volume of $30,71,30,006. The 104-ranked token enjoyed a live market cap of $47,93,08,876 with a circulating supply of 82,40,92,799, according to CoinMarketCap.

Disclaimer

The information discussed by CoinCryptoverse does not offer any financial advice. This is for educational, entertainment, and informational purposes only. Trading in cryptocurrencies involves high risks, including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are highly volatile and may be affected by external factors such as financial, regulatory, or political events.