Fetch.ai is a DeFi platform that uses AI that help people automate their chores. It’s kind of like Siri on steroids. The platform is based on blockchain technology, and it will provide you with a bot that will do the mundane tasks for you.
If you want to arrange your stay for your next trip, this bot, called by the apt name, digital twin, will negotiate prices for you with the hotel booking aggregators and strike you a deal. Of course, you can preset the parameters, deciding what type of accommodation you need. Fetch.ai is powered by its native utility token FET.
This article is your complete guide to the Fetch.ai platform and FET. I will walk you through all the major features of the platform take a deep dive into the economics of the token and discuss its investment potential. Let’s dive in without any further delay.
Key Features of Fetch.ai
| AI Agents | Fetch.AI is a network for AI agents, which can be programmed to perform specific tasks. |
| Self-learning bots | Automating purchases is not new. But the bots of Fetch.ai can learn on their own and from other bots to do what is in the best interest of you. |
| AI Engine | Fetch.ai has an AI engine that leverages large language models, for understanding, coordination, planning, and problem-solving of the bot. |
Functions of FET
FET Tokenomics
The FET token was launched in an initial exchange offering (IEO) in March 2019. It was originally an ERC-20 token before Fetch.AI built its mainnet. The total supply of FET is 1,152,997,5752. The latest reports from the company suggest that the existing supply is 819,880,422 FET.
FET Price History
As I am penning this piece, the price of FET stands at $0.9563 which adds up to around $800 million in market cap. The 24-hour trading volume is at $387 million. Let’s take a look at the token’s past price movements.
In March 2019, FET was listed on Binance at an opening price of $0.41. The price has gradually dropped to sub-0.05 levels and stayed there throughout the year 2020.
The token entered a bull run in early 2021 and briefly touched $0.63 and $0.94 in March and September respectively. It was followed by a correction. However, FET started to gain steam again in the last quarter of 2023.
FET Price Prediction 2024
The technical indicators suggest that the market sentiment is bullish and the Fear & Greed Index scored s good 72 indicating greed. FET had 19 green days out of the last 30 making up 63% green. The token had a price volatility of 13.34% during this period. The price of Fetch.ai is expected to rise by 1.47% and reach $ 0.972559 by next week.
FET Price Prediction 2025
With the next halving of Bitcoin ahead, our expert team predicts that, in 2025, FET will be traded between $ 0.796987 and $ 2.10. If we compare that with today’s price, that will be a return of 119.71% if the prices meet our upper bound forecasts.
FET Price Prediction 2030
This is a long shot but thanks to the increased adoption of blockchain platforms and web3 applications, the crypto space is expected to grow in value in 2030 and it could be reflected in the crypto asset prices.
The Fetch.ai price in 2030 is expected to stay between $ 2.25 on the lower end and $ 3.85 on the upper end. Compared to the current price, this will be translated into a 301.83% return on investment.
Where to buy FET?
FET is a publicly listed cryptocurrency and you can buy the asset from a crypto exchange of your choice. A few options include Binance, Zedcex Exchange, OKX, Bybit, and CoinTR Pro.
How to Buy FET?
This is how you can buy Fetch.ai from Kraken.
- First, you need to create a Kraken account by giving your basic details. If you already have an account with Kraken or any other exchange, you can use that.
- Choose between, a credit card, debit card, or bank account transfer for the transaction.
- Find the currency pair by typing in the search box on the top.
- Enter the number of FET tokens you want to exchange.
- Hit ‘buy’ and hit ‘confirm’.
- Your tokens will now be reflected in your Kraken wallet. You may choose to move them to a personal wallet for additional security.
Conclusion
Fetech.ai pitches itself as a next-generation task automation tool. The platform has attracted a growing number of users and its utility token has piqued the interest of investors in the crypto ecosystem. The price forecast of FET is generally bullish and the token is expected to see big moves in the upcoming months.
To add some caution, always remember that cryptocurrencies are prone to extreme price volatility and government regulations can make a significant impact on their existence. Hence, the reader should have a deep understanding of the market if he is planning to make investments in the crypto market. Also, one should never invest with borrowed money or divert emergency funds for the same.
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