In this guide, we will voice our own and the market’s opinion on FET’s future while discussing the Fetch.ai price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Fetch.ai.
Now, let’s head into it. Before we delve deep into the Fetch.ai price prediction and answer questions if FET is a good investment or not, why will FET succeed or fail or why will Fetch.ai price rise or drop, let’s quickly throw a glance at what is FET and its to date history?
What you'll learn 👉
There’s quite a lot of hype around Fetch.ai, that’s for sure. Publishing a short and somewhat braggadocios introductory Medium post back in 2018 which simply said “We’re the world’s first smart ledger” was more than enough to tickle the imaginations of many crypto enthusiasts. Their imaginations were further enticed by a pretty strong marketing effort that was made to promote the project ever since it originally launched.
Here are some key features of Fetch.ai that make it a good investment:
- AI-Driven Platform: Fetch.ai is an AI-driven platform that uses machine learning algorithms to automate tasks and improve efficiency. This makes it a unique and innovative platform with disruption potential across industries.
- Multi-Chain Support: Fetch.ai supports multiple chains like Ethereum, Binance Smart Chain, and Polkadot. This makes it versatile for developers and businesses on different blockchains.
- Strong Partnerships: Fetch.ai has partnerships with Bosch, Ocean Protocol, Datarella and more, providing access to new markets and resources to drive growth.
- Growing Network: Fetch.ai has a growing network of users and developers, a positive sign for future potential.
- Useful Applications: Fetch.ai offers useful applications like Co-Learn, Axim, Atomix, MOBIX, and more, providing real-world use cases to drive adoption.
- Positive Price Predictions: Experts predict Fetch.ai’s price could reach $0.67 by end of 2023 and $3.57 by 2030, suggesting solid growth potential.
In summary, Fetch.ai’s innovative platform, versatility, partnerships, network growth, real-world use cases, and price potential make it a promising investment. However, cryptocurrencies are volatile and past performance is no guarantee of future results.
The technology side of the project is where we get into the meat of the matter. Fetch.ai wants to create a hybrid of blockchain and AI technologies, one that would have the world’s first self-adaptive and self-regulating decentralized ledger manage people’s transactions. Their model is structurally divided into three elements:
Autonomous Economic Agents — AEAs
These are the “digital citizens” of the Fetch.ai network which will be in charge of receiving and using the network’s digital data. Basically, they will act as fully-abled AI representatives of individuals, businesses, organizations, and even IOT devices; AEAs will collect the data and then sell it to those agents who want it.
The entire interaction is automated and done through 5 key steps: search and discovery, communication, negotiation, collaboration, and execution/trust. As artificial intelligence usually does, AEAs will learn as they go, meaning that each interaction/mistake they make will help them become better at what they do.
The project expects to see its AEAs transform all the industries that require data, transportation, and energy; their market potential is huge as there isn’t a single industry that doesn’t heavily rely on at least one of these.
Open Economic Base
Each agent’s behavior will be “governed” by the Open Economic Framework (OEF), a combination of APIs, directories of services and agents, previous transactions, wallets, and agent positions. It is designed to present agents with semantic, geographic, and economic views on the world.
OEF will store relevant information and use artificial intelligence to optimize the use of that information for predictions/support for the AEAs. OEF will be self-adaptive and will depend on special “trusted” nodes that will receive token rewards for providing their services.
Fetch.ai’s Smart Ledger will be a combination of the traditional blockchain architecture and the DAG (direct acrylic graph) technology that was presented by the IOTA project.
Many are comparing it to Zilliqa on the basis that it will have sharding; unlike traditional sharding, in Fetch’s Smart Ledger we have so-called resource lanes. A transaction may be assigned to several different lanes simultaneously.
The system will shard in a manner similar to chain forking, where new lanes can be created to ease off the pressure on a cluttered transaction pool. Old lanes will be referred to by two new ones, creating a DAG-like structure that allows for blockchain data consistency.
Fetch.ai can form a transaction block by referring to the previous block hashes in the groups that are defined in the transactions resources. Overall it’s a complicated system aiming to deliver unparalleled scalability, stability, useful economic work, and quality information which you can learn more about by reading their technical whitepaper or their Fetch.ai Ledger Yellowpaper.
Fetch.ai will utilize what they call Useful Proof of Work (uPoW) consensus mechanism which combines the elements of PoW, PoS, and DAG.
The DAG system will deem any transaction valid once it is confirmed by two nodes, leaving computational resources free to train the AI. Additionally, low-power nodes can earn blockchain rewards by validating low-value transactions. They also talk a lot about machine learning and AI, which will be heavily featured in the entire protocol. Methods such as process mining, long short-term memory, and recurrent neural networks will be built into the protocol to ensure authenticity/ optimal performance and allow for involved parties to trust the network.
Fetch.ai token uses the ticker FET and is your typical ERC-20 launched through a token generation event. It will have a total issued supply of 1,152,997,575 tokens (further divisible), with the distribution being handled as follows:
- Foundation – 19.99%
- Founders and Team – 19.99%
- Public ICO – 6%
- Private sale – 6.38%
- Seed sale – 5.24%
- Advisors – 10%
- Mining Rewards – 15%
- Future Releases – 17.4%
You can check out which ones will have any lockups or other special conditions attached to them here. During seed/SAFT private sales, just a bit more than 11% of tokens were sold to early investors. Those funds were spent in the following way, according to the team:
- Team – 25%
- Development resources – 45%
- Partnerships – 10%
- Marketing – 10%
- Professional Services (whatever that meant) – 5%
- Miscellaneous – 5%
The tokens of the advisors and founders will be unfrozen gradually, over a period of three years. The public sale of FET tokens began on the 25th of February and lasted only 10 seconds, as this was enough time to sell the entire private sale supply of 69,204,152 FET. Investors were required to use BNB tokens to purchase FET. The token was sold at a price of $0.0867 per token, with a minimum purchase of $20. The Fetch team also set a maximum personal purchase cap of $3,000 to ensure more people are able to get a piece of the pie.
The project raised an additional $6 million through this ICO (which was Binance Launchpad’s second project), confirming that interest for public coin offerings certainly hasn’t waned as much as many crypto naysayers would like you to believe.
The token will play a crucial role in the Fetch.ai network, driving its economy and data exchange. Agents will need FET to pay for data, access services, and infrastructure, develop algorithms, etc. It will also be used as “gas” on the Fetch.ai network.
Fetch.ai Price Prediction
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. By 2024, significant regulatory clarity is expected. The approval process for Bitcoin exchange-traded funds (ETFs) has seen multiple rejections from the SEC due to concerns over volatility, fraud, and insufficient investor protections. However, the comprehensive ETF application outlines details like custodial arrangements, liquidity, and tracking accuracy for SEC evaluation. If deemed adequate after public commentary, an ETF could be approved and listed rapidly. Several factors have fueled this crypto rebound. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval. Experts predict the SEC will decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. Analyst James Seyffart sees the 8th and 9th as the most likely dates for approval orders, while others estimate a 90% chance of success by the 10th. The SEC seems to have positioned applicants favorably by that deadline. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. 2023 has been defined by increased crypto regulation, while 2024 expectations hinge on further policy moves. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with predictions of an impending Wall Street earthquake expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $41,000 for the first time since April 2022, Bitcoin has climbed over 150% year-to-date. Ethereum has also grown significantly - an 85% increase since January, 2023. Several factors are driving this volatility, including potential Bitcoin ETF approvals, surging demand for tech products, and failing tech-focused banks. Specifically, speculation around the imminent approval of spot Bitcoin ETFs has fueled Bitcoin latest price surge. The majority of investors, traders, and crypto influencers are hoping that the real crypto bull run will finally commence in 2024.
FET Price Prediction For The Next 90 Days
Below is a tabular overview of how will FET develop in the short-term (for the next 90 days), according to our prediction model:
Fetch.ai Price Prediction 2023
Looking at the first quarter of 2024, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 150% gain in 2023 and renewed institutional interest indicate positive momentum. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.6 trillion. Anticipation is high for a positive and prosperous period ahead, with experts closely monitoring market trends and institutional crypto activity, especially potential Bitcoin ETF approvals in early 2024.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2024:
FET Price Prediction 2025
Our prediction model sees FET reaching $2.46 in 2025.
What will FET be worth in 5 years?
The price of FET in 5 years could lie around $1.12, according to CaptainAltcoin’s prediction model.
What Experts Predict
- According to CoinCodex, the 2025 Fetch.ai price prediction ranges between $0.241475 on the low end and $0.554443 on the high end.
- AMBCrypto’s 2023 analysis shows Fetch.ai pricing ranging from $0.28 to $0.43, averaging around $0.35.
- CryptoNewsZ predicts Fetch.ai will trade at an average of $0.41 in 2023, with a maximum of $0.59. By 2025, they forecast the price reaching $0.70.
- DigitalCoinPrice expects Fetch.ai’s value to increase 246.17% to $0.85 by end of 2025. They predict the price could be up to $0.53 in 1 year, nearly 2x the current price.
- PricePrediction.net estimates Fetch.ai could hit a high of $8.34 by 2030.
These are just predictions and cryptocurrencies are volatile assets, so past performance does not guarantee future results. It’s important to do your own research before investing.
Fetch.ai Price Prediction 2030 – 2040
What Fetch.ai will be worth in 2030?
Our forecasting model sees Fetch.ai reaching $6.14 in 2030.
What Fetch.ai will be worth in 2040?
Our forecasting model sees Fetch.ai reaching $12.28 in 2040.
Will Fetch.ai replace / surpass / overtake Bitcoin?
No, Fetch.ai will not replace or overtake BTC.
Can Fetch.ai reach $10?
Yes, it is possible that Fetch.ai can reach $10 but only in a distanced future, after 2030.
Can Fetch.ai reach $100?
No, our prediction model sees no possibility for Fetch.ai to reach $100 in the short or mid-term period.
Is Fetch.ai worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Fetch.ai is worth buying.
Is Fetch.ai a good investment?
Fetch.ai is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Fetch.ai be worth?
For the short-term future, it could reach $0.3224. In the long-term (8-10 years), it could jump to $6.14 or even higher.
Why will Fetch.ai succeed and go up in price?
Fetch.ai has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Fetch.ai rising up to $6.14 in 2030.
Why will Fetch.ai fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Fetch.ai go?
Our forecasting model sees Fetch.ai price exploding and reaching $12.28 in a distant future.
What is the short-term prediction for Fetch.ai?
Fetch.ai will reach $0.3224 in the next 90 days, which is a 37% change over the current price which hovers around $0.5117.
Can Fetch.ai make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Fetch.ai millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Fetch.ai could make you a millionaire.
Fetch.ai Price Prediction Today - What will be the price of Fetch.ai tomorrow?
Fetch.ai will hover around $0.5206 tomorrow.
Will Fetch.ai keep going up?
Fetch.ai will keep climbing up in 2022 and beyond. It will surge up to $6.14 in 2030.
When to sell and exit Fetch.ai?
That depends on your trading profile. If you believe in Fetch.ai and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Fetch.ai, cashing out a portion of the funds is not a bad move.
Can Fetch.ai explode?
Yes, our algorithm sees Fetch.ai taking off and skyrocketing in 2022 with an increase of 42.5% over the current price.
Could Fetch.ai crash and go to zero?
Fetch.ai almost certainly will not collapse and crash. People are usually worried that the coin might go to zero if the price of their investment is lagging or going down. That is a natural osciallation in any trading market, prices soar and dip all the time.
What will be the price of Fetch.ai in 10 years?
Fetch.ai price in 10 years will hover between $6.14 and $12.28.
Fetch.ai Price Prediction 2023 - What will Fetch.ai be worth in 2023?
Fetch.ai will reach $0.9738 in 2023, which is a 90.31% change over the current price.
Fetch.ai Price Prediction 2024 - What will Fetch.ai be worth in 2024?
Fetch.ai will reach $1.55 in 2024, which is a 202.81% change over the current price.
Fetch.ai Price Prediction 2026 - What will Fetch.ai be worth in 2026?
Fetch.ai will reach $2.77 in 2026, which is a 441.2% change over the current price.
Fetch.ai Price Prediction 2027 - What will Fetch.ai be worth in 2027?
Fetch.ai will reach $3.51 in 2027, which is a 585.2% change over the current price.
Fetch.ai Price Prediction 2028 - What will Fetch.ai be worth in 2028?
Fetch.ai will reach $4.24 in 2028, which is a 729.2% change over the current price.
Fetch.ai Price Prediction 2029 - What will Fetch.ai be worth in 2029?
Fetch.ai will reach $4.98 in 2029, which is a 873.2% change over the current price.
Fetch.ai Price Prediction 2050 - What will Fetch.ai be worth in 2050?
Fetch.ai will reach $18.91 in 2050, which is a 3596% change over the current price.
Can Fetch.ai reach $1?
Yes, Fetch.ai can reach $1 by the end of 2024.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com