Fetch.ai Raises $40 Million to Deploy Decentralized AI Machine LearningFetch.ai Price Prediction 2023-2032
- Fetch.ai Price Prediction 2023 – up to $0.57
- Fetch.ai Price Prediction 2026 – up to $1.75
- Fetch.ai Price Prediction 2029 – up to $4.98
- Fetch.ai Price Prediction 2032 – up to $15.00
In recent years, the world has witnessed many outstanding technological inventions. However, only a few are as peculiar and intriguing as the Fetch.ai network, a blockchain project employing artificial intelligence (AI). With this Fetch.ai Price Prediction, let’s see how to find light in this crypto winter.
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Fetch AI
While blockchain technology recently emerged in 2008 with the introduction of cryptocurrencies, the advent of artificial intelligence stretches as far back as the 1950s. Nevertheless, both technologies have contributed significantly to human development since their inception. At Fetch.ai, they intend to build a free, digital economic system by integrating blockchain technology with artificial intelligence.
Fetch.ai rolled out an end-to-end encrypted file-sharing platform dubbed DabbaFlow, facilitating and accelerating the potential of data sharing securely. DabbaFlow seeks to bridge the gap through encryption and decentralization for enhanced data management and monetization. How can Fetch. ai save you time and money, so you can do more of what matters to you?
We curated this guide to provide extensive details on Fetch.ai, its network, native token FET, its price overview, technical analysis, and price predictions for 2022-2031. Let’s go through the background of its native token, and determine whether to include FET in your investment portfolio based on what you’ve learned from the Fetch.ai price predictions.
How much is FET worth?
Today’s Fetch.ai price is $0.387264 with a 24-hour trading volume of $91,096,772. Fetch.ai is down 0.73% in the last 24 hours. The current CoinMarketCap ranking is #119, with a live market cap of $317,135,630. It has a circulating supply of 818,912,300 FET coins and the max. supply is not available.
Also Read:
- Fetch.AI to initiate token sales on 25th February this year
- Binance Launchpad commences with BitTorrent and Fetch AI ICOs
What is Fetch.ai?
Fetch.ai is an open, permissionless, decentralized network that combines machine learning and artificial intelligence to create an autonomous digital economy. This blockchain project is designed to connect people, devices, and services while enabling a safe data sharing mode.
Fetch.ai is based on the Cosmos-SDK and is equipped with a high-performance WASM-based smart contract language (CosmWasm). Fetch.ai network does various operations to produce consensus using a mix of Proof-of-Stake (“PoS”) and a protocol. The PoS protocol creates new blocks, with the transaction order defined by the work performed between two blocks. A directed acyclic graph (DAG) that builds between the blocks is used to record this effort. The importance of this protocol is explained here.
Fetch.ai: Blockchain and Artificial Intelligence
Fetch.ai was founded in 2017 by a UK-based developer team consisting of Toby Simpson, Thomas Hain, and Humayun Sheikh. On February 25, 2019, The project was launched via the Binance Launchpad platform, recording over $6 million in the sale of its utility token FET.
Fetch.ai aims to create a digital representation of a real economy. This blockchain platform consists of three vital components: autonomous economic agents(AEAs), Open Economic Framework (OEF), and the Fetch smart ledger.
As the name implies, autonomous economic agents are software capable of making independent decisions for themselves or their users in order to generate economic value. By employing artificial intelligence, these software agents can independently conduct a productive decision-making process directed toward well-defined goals stated by their users.
Autonomous economic agents can sell, buy, or negotiate deals on behalf of Fetch.Ai users. They execute such actions using a set of skills referred to as specialized software modules. With Fetch.ai, users can retain control over their data, as AEAs eliminate the need for unnecessary middlemen or intermediaries.
Furthermore, Fetch.ai operates an Open Economic Framework (OEF) in which users’ data can be traded among agents within the digital ecosystem using the Fetch.Ai native token FET. The OEF makes Fetch.ai a valuable innovation for data analysts or market experts tasked with providing information required to improve services.
However, all of Fetch.ai’s operation depends on the Fetch smart ledger, a blockchain innovation that integrates distributed ledger technology(DLT) with a directed cyclic graph(DAG). The Fetch smart ledger connects to the AEAs via machine learning and manages the market intelligence needed for the agents to operate. The Fetch smart ledger records all transactions on the Fetch.ai network; thus, it is responsible for safeguarding its integrity and reputation.
The Tech Behind the Fetch.ai Ecosystem
The infrastructure of Fetch.ai is built using multi-agent systems, a branch of artificial intelligence, allowing agents built by different developers for different purposes to interact productively with each other.
Although these agents are not designed to function as a single system, they innovate ways to cooperate and work together, thus promoting human-like behavior among agents within the Fetch.ai ecosystem.
While the Fetch.ai technology revolves around agents, the technology can be used to develop blockchain projects. These projects are part of the Fetch.ai ecosystem. They include:
- CoLearn: a blockchain-based collective learning module that enables multiple parties to collaborate on building machine learning models without any party having information on the other.
- Mettalex: the first decentralized exchange designed for traditional and crypto commodity derivatives.
- Resonate: a blockchain social network that employs artificial intelligence to provide a safe social experience for NFT enthusiasts. This application also features a unique NFT marketplace.
Other projects in the Fetch.ai ecosystem include Statfleit, Catena-X, Mobix, Atomix, and Axim.
Use Cases of Fetch.ai
There are various use cases of Fetch.ai due to the benefits of autonomous economic agents (AEAs). These applications include transportation and mobility, supply chain, decentralized finance, social networks, e-commerce, marketplaces, and e-commerce systems.
Utility of the Fetch.ai token
FET is an ERC-20 token, and it operates as the utility token of the Fetch.ai network with a range of uses:
- Transactions fees: FET is used to pay all transaction fees on the Fetch.ai network.
- Activation of AEA: While Fetch.ai allows developers to create agents, a certain amount of FET must be deposited to incorporate the software agent into the Fetch.ai ecosystem.
- Payment of services and data: On Fetch.ai, FET acts as the medium of exchange for all business transactions between agents.
- Staking: Fetch.ai users can stake FET via the network consensus algorithm to operate as validator nodes. Doing so, they contribute to network security while earning rewards on their staked coins.
- Investment tool: Like many cryptocurrencies, FET can be acquired to make a future profit as the coin gains value.
If you’re interested in buying FET, this token is traded on various exchanges, including Binance, Coinbase Exchange, KuCoin, and Gate.io.
Fetch.ai Price History
The total supply of FET is 1,151,441,226, with a circulating supply of 746,113,618. Over the last 24 hours, the token has gained by 5.54%, leading to a current market price of $0.08194 and a live market cap of $61,132,916. In addition, Fetch.ai’s 24 hours trading volume has also increased by 43.13% to $12,378,655.
Top 10 Fetch.ai Markets
Fetch.ai New Developments
Fetch.ai recently released its much-anticipated roadmap for 2023. However, the roadmap includes plans to continue innovating the web3 space with real-world solutions and beyond. Fetch.ai also plans to transition from product delivery, improving services, and enhancing technological competitiveness.
Fetch.ai Technical Analysis
FET token currently sits above its 100-day Moving Average but below its 50-day Moving Average. According to technical oscillators on its 1D chart, FET points to the sell zone area, asking investors to sell. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Fetch.ai is currently trading above the 200-day Simple Moving Average (SMA). The 200-day SMA has been signaling BUY for the last 92 days since December 21, 2022. Currently, the RSI value is at 45.33, indicating that the FET market is neutral.
Fetch.ai Price Prediction by Cryptopolitan
Fetch.ai Price Prediction 2023
Our Fetch.ai price prediction for 2023 is a maximum of $0.56. The FET coin is expected to trade at an average price of $0.51, while the minimum price forecast is expected to be $0.49.
Fetch.ai Price Prediction 2024
Our Fetch.ai price prediction for 2024 expects FET cost to reach a minimum of $0.69 and a maximum of $0.86. Again, the average trading price of the coin is expected to be $0.72 throughout the year.
Fetch.ai Price Prediction 2025
According to our Fetch.ai price prediction for 2025, FET is expected to trade at a maximum price of $1.22. In addition, the average trading price of the token is predicted to be $1.06, with a minimum price of $1.03.
Fetch.ai Price Prediction 2026
Our Fetch.ai price prediction for 2026 is that FET will reach $1.11 as its lowest price. As per our findings, the FET price could reach the maximum price of $1.36 with an average forecast price of $1.14.
Fetch.ai Price Prediction 2027
In 2027, our Fetch.ai price prediction expects the FET cryptocurrency to reach a minimum price of $1.41, with an average forecasted price of $1.46. The maximum price of the coin is expected to be $2.48.
Fetch.ai Price Prediction 2028
According to our Fetch.ai price prediction for 2028, FET is projected to attain a maximum value of $3.58 and an average trading price of $3.00 before the end of the year. However, the digital currency may trade at a minimum value of $2.89.
Fetch.ai Price Prediction 2029
According to Fetch.ai’s price prediction for 2029, the FET cryptocurrency might potentially attain a maximum price of $4.98. However, it is also essential to know that the coin is projected to trade at a minimum value of $4.12 and an average forecast price of $4.27.
Fetch.ai Price Prediction 2030
Our Fetch.ai price prediction for 2030 is that FET will continue on a bullish momentum. The cryptocurrency is expected to trade at a maximum value of $7.01 and an average forecast price of $6.14. Again, FET might also experience its lowest possible trading price at $5.97.
Fetch.ai Price Prediction 2031
According to our Fetch.ai price prediction for 2031, the coin might reach a maximum value of $10.30 and an average price of $8.84 by the end of the year. Fetch.ai is also expected to trade at $8.43, the year’s lowest price.
Fetch.ai Price Prediction 2032
According to our Fetch.ai price forecast for 2032, the price of FET is predicted to reach a minimum value of $12.74 in 2032. The Fetch.ai price could reach a maximum value of $15.00 with an average trading price of $13.09 throughout 2032.
Fetch.ai Price Prediction by Wallet Investor
Wallet Investor predicts that FET tokens are bad long-term investments. According to them, they expect the coin to decline and reach a price mark of $0.171. Wallet Investor predicts that FET will devalue by 97.824% in five years.
Fetch.ai Price Prediction by Coincodex
Coincodex uses deep technical analysis and also AI-driven price prediction to give a forecast to cryptocurrencies. However, the website has short and long-term price predictions for cryptocurrencies. According to short-term price prediction, the coin is expected to drop by 5.73% and reach $0.3631 by March 28, 2023.
According to the site’s technical analysis, the current Neutral, while the Fear & Greed index shows 53 (Neutral). Fetch.ai recorded 16/30 (53%) green days with 9.74% price volatility over the last 30 days. Based on Coincodex’s price prediction, now is an excellent time to buy this cryptocurrency. In one year, they predict the coin will be worth $2.06
In the long-term, Fetch.ai’s price prediction for the year 2026 is $2.39 if it follows Facebook’s growth. However, if it follows internet growth, Fetch.ai is expected to reach $0.27.
They also expect the coin to reach $0.586 if it follows Google’s growth.
Fetch.ai Price Prediction by Cryptopredictions
According to Cryptopredictions.com, FET is expected to reach a maximum price of $0.647 by 2023. By 2025, the coin is predicted to reach a maximum price of $0.932, with a minimum price of $0.633. The average trading price of the coin by then is expected to be $0.745.
Furthermore, FET is expected to continue its bullish run and reach a maximum price of $1.105 by 2026, with an average price of $0.884. However, the coin’s lowest price by then is expected to be $0.751.
By 2027, FET is expected to reach a maximum price of $1.250, with an average trading price of $1.00. The coin’s lowest price by then is expected to be $0.850.
Fetch.ai Price Prediction by Digital Coin Price
The Fetch.ai FET price prediction by Digital Coin Price is bullish. However, they predict that the coin will attain a maximum price of $0.85 with a minimum price of $0.35, by 2023. By then, the coin is expected to reach an average price of $0.73.
By 2028, they expect the coin to reach a maximum price of $2.10, with an average price of $1.38. The coin’s lowest price by then is expected to be $1.24.
Furthermore, Digital Coin Price expects FET to reach a maximum price of $3.76 by 2031. By then, the average and minimum price of the coin is expected to be $3.73 and $3.59, respectively.
By 2032, the coin’s price is expected to reach a maximum price of $5.10, with an average trading price of $5.04.
Conclusion
Fetch.ai is a blockchain-based machine learning and AI platform built to create an improved cryptocurrency economy. It provides an open, permissionless, decentralized network to achieve this goal. The project has successfully met its objectives – users can now leverage Fetch’s global data network to execute tasks with the help of AI, enabled by Fetch’s Digital Twin Metropolis and Open Economic Network. FET tokens are used to validate and power these processes.
With that in mind, we predict that FET cryptocurrency will do well in the future. Our long-term Fetch. ai price prediction for this token is $15 after nine years (end-of-year 2032) or an ROI of 3650% on your investment if market conditions remain bullish and you buy FET now. Even though we are bullish on this cryptocurrency, we advise you to do your own research before investing in it.
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