FETUSDT trade ideas
TOP ASSETS of the AI NARRATIVEThe release of ChatGPT into an open test version allowed everyone to use AI for their own purposes and needs. We were able to independently evaluate all of the benefits of AI. This trend has resulted in a surge in the number of projects in the crypto industry that use AI technologies. This idea is about the most effective and promising projects.
FETCH.ai
A product ecosystem in which the flagship products are:
CoLearn – joint creation and training of a neural network
Axim – combining and analyzing ML-based data
Atomix – providing stable liquidity and getting profit from the income generated by the protocol
Metrics of the $FET token:
Price: $0.27
ATH price:$0.9475
Market.cap: $220m
ATH market.cap: $708m
FDMC: $930m
Over the past 2 months, the $FET token has grown 4 times.
SingularityNET
A network of decentralized interconnected AI that can be combined to form a single AI that outperforms separate private components. Singularity NET is also a project incubator for AI-based projects in a variety of fields.
Metrics of the $AGIX token:
Price: $0.2
ATH price: $1.03
Market.cap: $235m
ATH market.cap:$452m
FDMC: $400m
Over the past 2 months, the $AGIX token has grown 2 times
Artificial Liquid Intelligence
A network that aims to create a metaverse called Noah's Ark in order to preserve humanity's culture, history, and collective intelligence. AlethiaAI developed iNFT technology for AI-powered NFT avatar creation, animation, and generation
Metrics of the $ALI token:
Price: $0.036
ATH price: $0.12
Market.cap:$58m
ATH market.cap:$86m
FDMC: $362m
Over the past 2 months, the $ALI has grown 3 times
Ocean
A data monetization protocol based on ERC-721 and ERC-20 data tokens. Any user can buy and sell datasets on the project's marketplace
Metrics of the $OCEAN token:
Price: $0.26
ATH price:$1.7
Market.cap: $164m:
ATH market.cap: $322m
FDMC: $378m
Over the past 2 months, the $OCEAN token has grown 2 times
ORAICHAIN
Layer 1 blockchain for AI-powered data economy and Oracles. Oraichain combines AI and blockchain for innovation and, as a result, should revolutionize both directions to make them compatible and integrable. Oraichain focuses on providing decentralized platforms for data and AI, standardizing methods to validate AI-based calculations on the chain, and ensuring AI correctness. In the field of blockchain, Oraichain focuses on the scalability and compatibility of its oracle solutions and services with other networks in order to expand the usefulness of the Oraichain ecosystem
Metrics of the $ORA token:
Price: $4.24
ATH price: $102
Market.cap: $8.7m
ATH market.cap: $77m
FDMC: $83.9m
Over the past 2 months, the $ORAI token has grown 4 times
BitTensor
Bittensor is an open source protocol that provides a decentralized blockchain-based machine learning network. Machine learning models are co-taught and rewarded in TAO based on the information value they provide to the team. TAO also provides external access, allowing users to extract information from the network and tailor its activities to their needs.
$TAO is not traded on DEX or CEX; the only way to purchase $TAO is through the OTC market and transfer tokens to the polkadot wallet. Since the beginning of trading in $TAO in July, the price of the token has increased nearly tenfold
Conclusion
The advancement of AI adoption and usage, as well as the benefits that it provides, ensures the growth of AI projects in addition to the positive market. We implement and use AI for our operational tasks as a company that wants to be successful in the market and gain advantages. Write in comments your thoughts about mentioned projects and ways of using AI for you! Thanks for reading
Fetch.ai (FET) - Bullish divergenceSome alt-token sell offs are ridiculous. Have no idea who is selling after a 90% correction. The secret is to buy low, sell high.
On the above 1-day chart price action has corrected 90% since last November. Now is a excellent moment to be long. Why?
1) The ‘incredible buy’ signal.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.
3) RSI resistance breakout.
4) Price action tests past resistance (see weekly chart below).
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: Don’t know.
Weekly chart - Price action testing past resistance
Candlesticks are in a spike phaseFET has registered more than 22% price growth in the past day. Strong buyers did not react negatively to the resistance of the $0.2116 range, and this level has now turned into support. Another resistance in the $0.380 to $0.405 can be the next target for buyers. The price is still in the overbought range in the daily timeframe, and the negative divergence is not observed. On the other hand, Candlesticks are in a spike phase, and this upward movement has slowed down. But the high power of buyers is still observed. Therefore, the levels you see on the chart can be the formation area of a range trend in the future.
FET : THE AI COIN THAT CAN EXPLODE TO 1 USD :CHATGPT FUNCTIONSWe did add before about the impact of AI, before the chat GPT was ready at END Nov 2022.
AI seems to become a trend, and more people getting interested in the view of AI.
One of the coins that are at the top of AI is FET
There are some trends that show that this coin has the possibility to become 1 USD with the hype of AI.
we will follow the coin for the coming time to see if it can break out.
FET Towards $0.3400Looking at the daily chart of FET/USDT, the FET price was swinging from $0.08231 to $0.1683 within the past 30 days after going to its lowest of the month at $0.08231. Bouncing back from the support level, FET seem to aim towards to the previous order block at $0.31. If FET is able to break out of the order block and rises higher, we can expect FET to reach $0.3400.
Meanwhile, our long-term FET price prediction for 2023 is bullish if it cannot break the support level. We can expect FET to reach $0.5 this year.
FET/USDT Chart Hi, I try to post often so if you could follow and boost the idea it would mean a lot to me.
In the past week AI coins have been performing very well but how high can they go? For me it can take a while until these coin 5X or 10X, for now its just a money grab and a mid term play. The coins have a lot of potential, but for me there will be better entries. FET has a great run, but I think I am finally confident on shorting these one. The market of the coin is overvalued and the coin will go below the 0.19$ area. We can also spot a bearish divergence in the 4H chart. This is NFA.
Good luck in your trades!