Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook
The token associated with Fetch.ai, an open-source decentralized machine-learning network, has seen a notable price resurgence over the past few days. Specifically, the Fetch.ai (FET) token has climbed over 5% in the last 24 hours, with the latest market data showing FET trading at $0.984881 as of this writing.
This upward momentum comes as Fetch.ai has enjoyed some positive developments that could be fueling further adoption and interest in the project. Popular crypto analyst Crypto Tony noted that he was able to get back into a FET position at $0.58. With prices currently hovering around $0.98, his timely buy-in has already led to a nearly 80% return in just days.
Binance Promotion Fuels Investor Interest
Additionally, in a promotional campaign running from February 19 to March 3, leading global exchange Binance has included FET among several eligible AI-themed tokens tied to a $20,000 rewards giveaway. Users who trade any of the selected tokens, like FET, can potentially claim a share of that prize pool.
Consequently, influential figures in the crypto space have taken notice of Fetch.ai’s recent traction. Crypto Rover, a top crypto analyst, tweeted that FET “is trying to print new ATHs,” referring to the token potentially setting new all-time highs if the momentum continues.
Overall, Fetch.ai’s underlying technology focused on enabling permissionless decentralized access to AI and machine learning, paired with the project’s recent spotlight and usage incentives, appears to be catalyzing the present FET price resurgence.
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Show more +With increased attention on the network, some experts predict the token could push toward fresh record highs. However, as with most cryptocurrencies, investors are still advised to conduct thorough research before exposing portfolios to risky assets.
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