Ocean Protocol

Artificial Intelligence

AI Crypto

Fetch

The Artificial Intelligence (AI) industry has long been dominated by major corporations backed by governments and Big Tech.
However, the trend has recently permeated the cryptocurrency market, allowing ordinary investors to participate through projects like <a href="https://fetch.ai/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Fetch AI</a>.
This optimistic outlook is reflected in Fetch AI’s impressive price surge over the past year.
According to CoinGecko, Fetch AI’s price has soared by 537% over 12 months, reaching $1.45.
Despite a 7.7% drop in the past week, the overall trend remains positive, mirroring the volatility seen in other AI-related cryptocurrencies.
Fetch AI distinguishes itself as an open-source protocol designed to support a “permissionless, decentralized machine learning network with a crypto economy.”
The developers aim to democratize AI technology on a platform where anyone can access secure datasets using “autonomous AI to execute tasks that leverage its global network of data.”
A significant development in the ecosystem is the merger of three notable AI crypto projects: Fetch AI, Ocean Protocol, and SingularityNET.
This merger, known as Superintelligence, has the potential to revolutionize the sector, especially with Crypto.com announcing its support.
READ MORE: <a href="https://www.cryptointelligence.co.uk/runes-token-transactions-drop-88-amid-bitcoin-blockchain-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Runes Token Transactions Drop 88% Amid Bitcoin Blockchain Challenges</a>
Under this merger, Ocean Protocol and SingularityNET will be integrated into Fetch AI, leading to the delisting of OCEAN and AGIX tokens from various platforms.
Fetch AI is poised for a significant price increase, potentially rising by 36% from the inverse head and shoulders (H&amp;S) pattern resistance at $1.7.
With the current price retracing to $1.45 after surpassing $1.7, more traders are likely to go long on Fetch AI, aiming for a breakout to $2.34.
The Relative Strength Index (RSI) supports this breakout, rallying into the overbought region.
If the RSI remains above 70 and moves toward 100, Fetch AI’s price might reach higher levels.
Other indicators, such as the Exponential Moving Averages (EMAs), also support the uptrend.
The 200-day EMA at $1.75 provides support in case of a sudden correction, while the 20-day EMA in blue crossing above the 50-day EMA in red further confirms the bullish trend.
The area around $1.6 will be crucial if losses occur due to profit-taking.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Fetch AI Price Prediction: Major Surge Anticipated Amid AI Crypto Merger and Market Optimism

Crypto Intelligence

Muita 3. heinäk. 2024 julkaistuja artikkeleja

Fidelity, Sygnum partner with Chainlink to bring NAV data onchain

Top Crypto Gainers Today Jul 03 – Helium Mobile, ArcBlock, Chromia, Oasis Network

Why Bitcoin Falls To $60K After A Weekend Pump?

Indian Crypto Exchange CoinDCX Acquires BitOasis

Airdrop: UXLINK Unveils Eligibility Criteria For Major Crypto Rewards

Taliban jailed 8 traders for holding and using crypto

Join our free newsletter for daily crypto updates!