Fetch.ai (FET) Price To Hit New ATH Soon!

The rise of Artificial Intelligence (AI) in the technology sector has significantly proliferated in the cryptocurrency market. Using digital assets to fund AI-focused projects has helped Fetch.ai (FET) grow into a mature ecosystem. Moreover, FET tokens are used to pay for all the services in the Fetch.ai ecosystem, including the DeltaV, an AI-driven marketplace. The Fetch.ai network’s use of AI Agents, who work in a decentralized environment, has helped it to grow into a globally competitive ecosystem. 

Why FET Price Will Breakout to New ATH Soon

The rise of Bitcoin (BTC) beyond $50,000, less than 65 days before the fourth halving happens, has triggered the thought of a crypto super cycle. As a result, the altcoin market led by Ethereum (ETH) is expected to benefit through the established crypto cash flow significantly. The AI-focused altcoins, including Worldcoin (WLD), and FET, have experienced notable price upsurge in the past few weeks.

Also Read: Goldman Sachs Predicts S&P 500 to Reach 5,200 by 2024, Aligning with Bitcoin’s Bullish Trend

According to a famous digital assets analyst, Crypto Patel, on the X platform, the FET price will quickly rally 10X from the current level in the near term and reach $10. Worth noting that the FET price has rallied more than 75 percent in the past two weeks to trade around 94 cents on Monday during the early New York session. 

As the FET price continues to retest the resistance level around $1, which is its all-time high, it is prudent for derivatives investors to wait for a confirmation before entering long trades. If the FET price converts the current resistance to a support level, it will be safe to assume a parabolic rally is on the horizon.