- FET outperformed other AI coins over the past fortnight, with a 48.16% surge
FET continued to enjoy positive market sentiment, positioning the altcoin to attempt $1.5 stubborn resistance level.
As a seasoned researcher who has navigated through the tumultuous seas of the crypto market for years, I must admit that the recent performance of Artificial Superintelligence Alliance [FET] is nothing short of impressive. Having closely monitored its progression over the past month, I can confidently say that FET’s meteoric rise is not just a fleeting trend but a testament to its underlying potential.
The Artificial Superintelligence Alliance’s AI-focused cryptocurrency [FET] has seen rapid expansion in the last month. Currently, it is being traded at $1.21. This represents an increase of 5.38% compared to the previous day.
Earlier, FET had been steadily decreasing for a week, with a drop of approximately 16.48%. But in the last month, it has shown a significant increase of around 13.1%, bouncing back from a local low of $0.7 to reach $1.2, demonstrating a strong upward trend.
FET outperforms other AI coins
In the recent two-week period, FET has not only surpassed its peers but also exceeded both Bitcoin (BTC) and Ethereum (ETH) in terms of performance during the last 24 hours.
While FET had experienced 5.38% growth, BTC rose by 2.26%, and ETH rose by 2.72%.
Initially, Near Protocol (NEAR) saw a minimal growth of 1.18%, but later it experienced a decrease of 3.19%.
What the price charts says
According to AMBCrypto’s examination, FET has seen a robust increase in value during the past month. Interestingly, FET stood out among other AI-focused cryptocurrencies, benefiting from favorable investor attitudes.
According to AMBCrypto’s analysis using data from Coinglass, the number of FET‘s long positions being closed out due to market conditions has significantly decreased over the last five-day has noticeably, it’suggests a significant drop in these positions over the past five days.
The value of the liquidated long position dropped from $354,000 to $6,700 at the current market price. This indicates that investors have faith in the cryptocurrency’s trajectory – a positive sign.
Further, the exchange inflow has declined over the past seven days, falling from $3.74 million to $23.1k as of this writing.
Read Artificial Superintelligence Alliance’s [FET] Price Prediction 2024–2025
A decrease in the flow of exchanged funds meant fewer tokens were being placed into trading platforms. This suggests that investors are choosing to hold onto their tokens with the intention of selling them later, indicating a positive outlook on the market.
Thus, it appears that FET is more popular in the market than other AI-centric cryptocurrencies. If the present market trends continue, this altcoin could potentially overpower the $1.5 resistance barrier.
Read More
- DOP PREDICTION. DOP cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- DAO PREDICTION. DAO cryptocurrency
- Don’t Worry, Baldur’s Gate 3 Fans – Dungeons & Dragons Wants More Astarion, Too
- WBTC PREDICTION. WBTC cryptocurrency
- The Umbrella Academy season 4 soundtrack: Full list of songs in Netflix series
- DODO PREDICTION. DODO cryptocurrency
- Jujutsu Kaisen Confirms Its Final Battle’s “Climax” Is Near
- BADGER PREDICTION. BADGER cryptocurrency
2024-09-03 19:04