Ocean Protocol

Coin

<ul class="wp-block-list news-points"> 
 <li>FET’s price has dropped significantly but its merger with other AI projects offers future potential.</li> 
 <li>Technical indicators suggest the dip may be temporary and FET could be oversold.</li> 
 <li>The upcoming ASI Phase 2 development could boost FET’s price in the long run.</li> 
</ul> 
Artificial Superintelligence (FET) has plunged a whopping 12.28% amid a broader crypto market crash. Notably, the digital asset sector is eyeing higher prices for the altcoin after the merger between SingularityNET, Fetch.ai, and Ocean Protocol was finalized in July. 
As per the <a href="https://coinmarketcap.com/currencies/artificial-superintelligence-alliance/" target="_blank" rel="nofollow">data</a> from CoinMarketCap, FET has a market capitalization of $2.1 billion and is ranked as the 33rd largest digital asset in the crypto space. The 24-hour trading volume of the altcoin stands at $101 million, and the cryptocurrency dropped from a high of $0.9196 to $0.84. 
Artificial Superintelligence is expected to print big gains once the market resumes uptrend and as per the chart provided by TradingView below, the token is up 316.27% since August 2023.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclygjOGwoP3fEzlDvUEe7AwJ32PU5P3K_rCIBrvTHT4xAdzzUS96lfruscH9TGWPKEPSfyz-lLbMMHRhb7_qJvq2Eys9vu8PbbTpCCW1O8cpZ5sgOPRSQ4YUkgM6QAEuXSpdPwC6nbjFIgAcOgFbjGN6L-?key=tmiAMKHPwaHKUbPx0Fr7tw" alt="">
</figure> 
As seen from the daily chart above, FET price action has been following a downtrend for quite a while, and the digital asset has declined more than 25% in the past one …
The post <a href="https://coinedition.com/dont-panic-sell-fet-heres-why-the-dip-could-be-temporary/">Don’t Panic Sell FET: Here’s Why the Dip Could Be Temporary</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Don’t Panic Sell FET: Here’s Why the Dip Could Be Temporary

Coin Edition

Other articles published on Aug 12, 2024

Layer 1 Canto Outage Incident Causes Network Downtime After New Upgrade

Bitcoin Whale Places $1 Million Bet That This Ethereum Token Trading At $0.01831 Will Rise To $1 ...

TeraWulf Q2 Earnings: Revenue Beat, EPS Miss, Bitcoin Mining Down 21% And More

Since Embracing Bitcoin 4 Years Ago, Michael Saylor's MicroStrategy Has Outperformed Warren Buffe...

XRP Required to Make $1k, $10k, $100k, and $1m If Price Rallies 100,000%

Solana and DeFi Backed by Crypto Funds Despite Market Downturn

Join our free newsletter for daily crypto updates!