This article dives into the future prospects of FET, recently merged into the Artificial Superintelligence Alliance (ASI) alongside OCEAN and AGIX. It offers price predictions for 2024, 2025, and even 2030, while unpacking the project’s background and functionality.
Key Points:
- The Merger: On July 1st, FET transformed into ASI, marking phase 1 of the merger. Phase 2 involves migrating FET to ASI on a new network, with a completion date yet to be announced. (as of August 19, 2024)
- Price Predictions: The article utilizes two methods for price prediction: fractal analysis and wave count analysis. Both suggest a potential upward movement for FET by the end of 2024.
- Fractal analysis predicts a range of $3.70 to $6.40 for 2024.
- Wave count analysis predicts a range of $0.10 to $0.90 for 2025 (considered more bearish).
- A long-term prediction based on historical growth suggests a range of $10 to $15 for 2030.
- Technical Analysis: The article analyzes the daily FET chart, highlighting a potential breakout from a resistance trend line. This breakout could lead to a rise towards $1.75.
- FET’s Performance: Compared to other AI tokens (NEAR, TAO, RENDER), FET has shown significant growth in the past year (+337.9%).
- Investment Considerations: The article acknowledges FET’s past success but emphasizes the importance of conducting your own research before investing.
Additional Insights:
- The article explores the purpose of the ASI alliance: fostering decentralized Artificial Superintelligence (ASI) development through a combined network of resources.
- It details how the three merged projects (SingularityNET, Fetch.AI, Ocean Protocol) contribute their unique functionalities to the ASI ecosystem.
Overall, this article provides a comprehensive analysis of FET’s (now ASI’s) future prospects, offering price predictions based on technical analysis and historical data. It also reminds readers to conduct their own research before making any investment decisions.