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Coin Edition 2025-02-10 10:29:00

AI Crypto Hype Train? Fetch.ai (FET) Shows Signs of a Price Reversal

AI Crypto Hype Train? Fetch.ai (FET) Shows Signs of a Price Reversal

Fetch.ai (FET) sees a price jump as AI-driven platforms gain investor confidence. FET’s 27% trading volume increase and strong fundamentals could boost price. The altcoin is testing the key support range; rebound possible above $0.69-$0.81. Despite the overall market downturn, with Bitcoin momentarily dipping to $94K, some altcoins prepare for a potential rally and have posted solid gains. One such altcoin is Fetch.ai (FET). Even though Fetch.ai offers a technological advantage and practical use cases, its market cap has yet to match its potential. But that could change soon. FET has seen a 27% increase in trading volume and its price has surged over 5%, hitting $0.80. On-chain data shows a major jump in activity, with FET’s active addresses increasing by 15% to 2,300. Moreover, Fetch.ai burned 6.5 million tokens, permanently taking them out of circulation. This supply cut could drive the price higher. Franklin Templeton, the global investment firm, disclosed AI agents could reshape the digital economy, hinting at AI-powered entities to transform social media by creating content and engaging with audiences just as human influencers. AI-focused cry… The post AI Crypto Hype Train? Fetch.ai (FET) Shows Signs of a Price Reversal appeared first on Coin Edition .

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