Fetch.ai Price Prediction 2023-2030: Will FET Price Hit $1 Soon?

• Bullish Fetch.ai (FET) price prediction ranges from $0.13 to $0.55.
• Analysis suggests that the FET price might reach above $0.5 soon.
• The FET bearish market price prediction for 2022 is $0.09.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Fetch.ai (FET) is one of them.

The Cosmos-SDK-based Fetch.ai network uses a high-performance WASM-based smart contract language and is an interchain protocol (CosmWasm). As a result, the Fetch.ai network may act as both an interchain bridge to the rest of the blockchain community and a layer-1 network for Ethereum.

If you are interested in the future of FET and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Fetch.ai (FET) Overview

What is Fetch.ai (FET)?

Fetch.AI is an artificial intelligence (AI) lab developing an open, permissionless, decentralized machine learning network with a crypto economy. It was founded in 2017 and debuted via IEO on Binance in March 2019. With a permissionless network that anyone can join and use to obtain secure datasets, Fetch.ai democratizes access to AI technology. It uses autonomous AI to carry out tasks using its extensive global data network. The optimization of DeFi trading services, transportation networks (parking, micro-mobility), smart energy grids, travel, and virtually any other intricate digital system that depends on sizable datasets are among the use cases that the Fetch.AI paradigm is based on.

The utility token FET from Fetch.ai was created to locate, build, deploy, and train digital twins and is a crucial component of the platform’s smart contracts and oracles.

Users can create and deploy their digital twins on the network using FET. Developers can obtain machine learning-based tools to train autonomous digital twins and deploy collective intelligence on the network by paying with FET tokens.

Staking FET tokens also enable validation nodes, facilitating network reputation and validation.

The four distinct components of the Fetch.ai technology stack are as follows:

The Digital Twin Framework offers modular building blocks that assist teams in developing markets, competencies, and intelligence with which digital twins can interact.

Digital twins have access to search and discovery features through the Open Economic Framework. The Digital Twin Metropolis is a group of smart contracts that function as an immutable record of agreements between digital twins and are executed on a WebAssembly (WASM) virtual computer.

The Fetch.ai Blockchain blends multi-party cryptography with game theory to offer safe, censorship-resistant consensus and quick chain-syncing to support digital twin applications.

The network is decentralized thanks to blockchain technology. Differential privacy adds another layer of protection by preventing the release of users’ private data sets when creating updates. The multi-party cryptography and game theory supported by the Fetch.ai blockchain offers secure and censorship-resistant consensus.

Analysts’ View on Fetch.ai (FET)

A crypto analyst on Twitter tweeted that although many people who have started taking a long positions already closed their trades, he is still holding his long position.

Weak hands selling $FET

I am not here to make 50%

Many Will regret. Patience. Thats why $luna retired me and many didnt. Cauz i held from 0.15 all the way up to $95#builddiff

Send it back. pic.twitter.com/xaQfxr52OG

— WIZZ ( beware scammers ) (@CryptoWizardd) January 7, 2023

Another analyst tweeted that FET has gained 100% growth within a month. Is there anything more for FET to come?

$FET +100% in One Month, More to Come.. 🤔#Crypto #FET #FetchAI pic.twitter.com/drTwWwNER6

— Captain Faibik (@CryptoFaibik) January 8, 2023

Also another tweet by Elizy showing that FET has more space to rise and investors should stop getting fear of missing out by looking at other people’ tweets.

don’t be a brainless chicken…don’t be guided by fomo tweets…here you wait $FET pic.twitter.com/V4JClgwAp9

— EliZ¥ (@eliz883) January 8, 2023

Fetch.ai (FET) Current Market Status

According to CoinMarketCap, Fetch.ai (FET) is hovering over $0.1517 at the time of writing, with a total of 818,912,300 FET in circulation. FET has a 24-hour trading volume of $92,214,752, with a 19.18% decrease. And during the past 24 hours, the price of FET decreased by 7.6%. 

The most popular exchanges to trade Fetch.ai (FET) are Binance, Coinbase, Kraken, KuCoin, Bitstamp, Bitfinex, and others. Let’s continue with our FET price research for 2023.

Fetch.ai (FET) Price Analysis 2023

By market capitalization, FET ranks 156th on CoinMarketCap’s list of the biggest cryptocurrencies. Will Fetch.ai’s most recent improvements, additions, and modifications help the FET price rise? First, let’s focus on the charts in this article’s FET price forecast.

Fetch.ai (FET) Price Analysis – Keltner Channel

The Keltner Channel can be used to identify a trend when volatility bands are placed on either side of an asset’s price. It is possible to forecast the price of Fetch.ai (FET) using the FET/USDT Keltner Channel signals. People are purchasing FET rather than selling it because the price is in the first half of the channel. We should wait for a downturn or a better entry point to increase the reward-to-risk ratio in order to achieve a better risk-free situation.

Fetch.ai (FET) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI.

In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 71.28. The RSI tends to remain above 30 and should frequently reach 70 during an uptrend. 71.28 means that FET is reaching the overbought region. Investors should wait for a market retrace and take the entry for a better risk-to-reward ratio.

Fetch.ai (FET) Price Analysis – Moving Average

Above is a 1-Day Fetch.ai (FET) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, FET is now running sideways for an extended period and broke out of the sideway market. FET is currently trading above both 200-day and 50-day MA, meaning that the market is entirely bullish.

Moreover, 50-day MA has crossed over the 200-day MA and now rising higher, which dedicates that we will be expecting to see a bullish reign of FET in 2023. Nonetheless, for a better low risk, investors should wait for the distance between the two moving averages to become wider. 

Fetch.ai (FET) Price Prediction 2023

Looking 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 is trading in the previous order block formed in 2022 June. 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 2022 is bullish if it cannot break the support level. We can expect FET to reach $0.5 this year. 

Fetch.ai (FET) Price – Resistance and Support Levels 

The chart above shows that the price of FET has been rising back to the May 2022 price level. Moreover, FET is one of the coins that have been showing promising growth despite the FTX crash. FET has been down by 6.63% in the past 24 hours. Suppose this price decrease is a retrace during the bull run. It might be breaking its $0.17 resistance 1 level and increasing to $0.35.

If FET cannot break the $0.17 resistance 1 level, the bears may seize control and dethrone FET to a downtrend stance. In simple terms, the price of FET might fall to almost $0.0960, indicating a negative signal from the previous support level.

Fetch.ai (FET) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect FET to trade at a price not below $1.061 by the end of 2024.

Fetch.ai (FET) Price Prediction 2025

We should expect the price of FET to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, FET could end 2025 by trading at around $1.654.

Fetch.ai (FET) Price Prediction 2026

Since the maximum supply of FET is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of FET could break the usual trend and trade at $2.253 by the end of 2026.

Fetch.ai (FET) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of FET could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, FET could trade at $2.861 by the end of 2027.

Fetch.ai (FET) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Fetch.ai (FET) could hit $3.472 by the end of 2028. 

Fetch.ai (FET) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of FET to $4.081 by the end of 2029.

Fetch.ai (FET) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Fetch.ai (FET) to trade at around $4.680 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Fetch.ai (FET) Price Prediction 2040

According to our long-term FET price estimate, FET prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $10 by 2040. If the market turns bullish, the price of FET could go up beyond what we predicted for 2040.

Fetch.ai (FET) Price Prediction 2050

According to our FET forecast, the average price of FET in 2050 might be above $22.8. If more investors are drawn to FET between these years, the price of FET in 2050 could be far higher than our projection.

Conclusion

FET might reach $0.5 in 2023 and $4.680 by 2030 if investors decide that FET is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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