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 2022 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?
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.
Just type in “Fetch.ai” in YouTube and you’ll find several well-produced videos that market the project and attempt to hook in potential investors. Additionally, the project was featured on pages of mainstream publications such as The Telegraph, The Economist, The Guardian, Business Weekly, and TechCrunch, which certainly helped raise its public profile.
And while the hype is certainly strong, this doesn’t necessarily translate that well into real-world performance or investment. The project is still far from having a fully working product. They promised to have a testnet ready before the ICO; said testnet was launched with a slight delay (as was the ICO). That doesn’t have to mean much, as plenty of legitimate projects slightly overshot their deadlines and had rocky starts to their crypto journeys. Fetch.ai did explain their delays, citing the worsening market conditions and desire to prepare the infrastructure properly as their main reason for missing their set timelines.
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 whole crypto world is on a verge of a full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
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 2022
The majority of experts agree that this bear market will last at least for the first quarter of 2022 before we see some stabilization and small trend reversals. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022:
FET Price Prediction 2025
Our prediction model sees FET reaching $ 0.2072 in 2025.
What will FET be worth in 5 years?
The price of FET in 5 years could lie around $ 0.1884, according to CaptainAltcoin’s prediction model.
Fetch.ai Price Prediction 2030 – 2040
What Fetch.ai will be worth in 2030?
Our forecasting model sees Fetch.ai reaching $0.5180 in 2030.
What Fetch.ai will be worth in 2040?
Our forecasting model sees Fetch.ai reaching $1.04 in 2040.
Will Fetch.ai replace / surpass / overtake Bitcoin?
No, Fetch.ai will not replace or overtake BTC.
Can Fetch.ai reach $1?
Yes, Fetch.ai can reach $1 by the end of 2022.
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 $0.0492. In the long-term (8-10 years), it could jump to $0.5180 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 $0.5180 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 $1.04 in a distant future.
What is the short-term prediction for Fetch.ai?
Fetch.ai will reach $0.0492 in the next 90 days, which is a 39.4% change over the current price which hovers around $0.0813.
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 $0.0874 tomorrow.
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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