The post Fetch.ai (FET) Volume Surges 209% Leading up to ASI Alliance Initiative appeared on BitcoinEthereumNews.com.

Fetch.ai (FET) surged by 27% yesterday, with trading volume doubling, inspired by a broader market rally that saw Nvidia eclipse Microsoft and Apple to become the world’s largest company. The upcoming merger with SingularityNET and OCEAN has excited investors, but token holders remain confused about the process and timelines. Fetch.ai (FET) surged on Thursday amid a broader AI market rally led by Nvidia, the firm whose chips power today’s AI revolution. Nvidia made history this week after a stock surge that saw the chipmaker surpass Microsoft and Apple to become the world’s largest company by market capitalization. At $3.34 trillion, its market cap had shot up over ten times in the past 18 months. In the crypto sector, AI-focused tokens defied the broader market to clock gains on Tuesday, Wednesday, and Thursday. Fetch.ai (FET), whose $4 billion market cap makes it the largest in the space, shot up from a weekly low of $1.12 to hit a high of $1.73. It has since dipped slightly and trades at $1.58 at press time amid a 4.2% loss in the past 24 hours. The token’s trading volume also surged as investors jumped in to ride the wave, doubling to surge past $400 million on Thursday. It has since dipped to $260 million. According to one analyst, the next target is the $1.95-$2.55 range. In the six weeks to early April, Fetch.ai had surged by 600%, dwarfing most cryptos in the space. However, it then dipped to hit its lowest since March before finding support. The analyst believes that it will only surge higher from there. He told his 113,000 followers on X: It bounced nicely off $1.15 and is now looking to get back to $1.95, potentially going straight to $2.55 would not surpise me, because of the upcoming merge with OCEAN…

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Filed under: News - @ June 22, 2024 7:20 am