The post Can FET Price Hit $3 Amid 5M Token Burn Plan & Soaring AI Hype? appeared on BitcoinEthereumNews.com.

Fetch AI, now the Artificial Superintelligence Alliance (ASI) after merging with Ocean Protocol and SingularityNET, is poised for growth amid recent developments. The planned burn of 5 million FET tokens in January 2025 aims to reduce supply, sparking optimism among investors. With the growing hype around decentralized AI, many are speculating that FET price could hit $3 soon. Impact of the 5M Token Burn on FET Price On January 4, Fetch AI’s co-founder Humayun Sheikh announced that a significant 5 million FET token burn is scheduled to take place on January 10. This initiative aims to reduce the total supply of FET tokens, which is expected to enhance their value by creating scarcity in the market. Token burns are typically viewed positively by the crypto community, as they often lead to increased demand for the remaining tokens, driving up prices. By actively managing its token supply, It signals a strong commitment to improving the long-term value of its ecosystem. First burn of 5m $fet will be on the 10th of Jan 25. 🔥@Fetch_ai @ASI_Alliance — Humayun (@HMsheikh4) January 4, 2025 In addition to the token burn, Fetch AI has already completed its strategic merger with Ocean Protocol and SingularityNET, resulting in the formation of the Artificial Superintelligence Alliance (ASI). This merger strengthens its position in the decentralized AI sector, offering a competitive alternative to the centralized control over AI development by tech giants. The alliance combines the resources of Fetch AI, SingularityNET, and Ocean Protocol to accelerate the development of decentralized AI technologies. The merger also paves the way for the ASI token, a combined token for all three projects. It could further boost the FET price and impact the market. The community’s high expectations for its price growth make this a crucial period for the project. What’s Next For…

---

Filed under: News - @ January 4, 2025 3:17 pm