Suche
Mein Konto
FET price analysis: Fetch.ai reaches new all-time high - FET price correction possible?
In this article, learn all about the impressive development of Fetch.ai (FET) and how the AI token has reached a new all-time high amid the artificial intelligence hype. The possibility of a promising investment in the AI token SCOTTY is also being discussed. Read on now to learn more about the current price trends and potential of AI cryptocurrencies.
FET price analysis: Fetch.ai reaches new all-time high - FET price correction possible?
Cryptocurrency Fetch.ai (FET) has hit a new all-time high with the announcement of a new GPU rewards platform. The company has had several recent successes, including its collaboration with Deutsche Telekom and the launch of Fetch Compute GPU Rewards. FET's current price is $2.55, having risen an impressive 70% in the last 48 hours. However, FET's long-term structure is a bit worrying as the price is well above the 20-day moving average and indicators like the RSI are heavily overbought. Nevertheless, the MACD shows a slightly bullish divergence, which could indicate further upside potential. A possible price target for FET is $3, while possible support is $1.69. Still, investors could keep an eye on an alternative cryptocurrency: Scotty the AI. With a market cap of just $3.9 million, Scotty the AI offers a promising investment opportunity. If just 1% of Fetch.ai's market cap switched to Scotty the AI, that could mean a 6.6x return. Scotty the AI is a crypto project that aims to offer AI-driven tools to maximize profits for crypto traders. The project includes, among others, Scotty Swap, an AI-based DEX, and ScottyChat, a market analysis tool. With an exciting project roadmap and potential partnerships, Scotty the AI could be a promising alternative to Fetch.ai.
| Cryptocurrency | Current course | 24-hour change |
|---|---|---|
| FET | $2.55 | -0.97% |
FET Price Analysis: Can FET Make a Price Correction?
The current price of FET is $2.55 and has been in a consolidation phase. After a strong 70% increase in the last 48 hours, the price has reached a new all-time high of $2.85. However, there has been a correction of around 10% since then. Indicators such as the RSI suggest that the market is overbought, which could indicate a possible price correction. Nevertheless, the MACD is slightly bullish, which could indicate further upside potential. The price target for FET is $3, while possible support is at $1.69.
Is there a better alternative to Fetch.ai?
Although FET still has a good chance of winning, it may be too late for some investors to get in as Fetch.ai's market cap is very high. A possible alternative is Scotty the AI, which has a very small market cap of just $3.9 million. Even a small shift in market cap from Fetch.ai to Scotty the AI could result in an excellent return. Scotty the AI offers AI-driven products such as Scotty Swap and ScottyChat that are designed to streamline trading and market analysis.
Conclusion
Fetch.ai has reached a new all-time high, but there could be possible price corrections. Cryptocurrency could be a good long-term investment, but there could also be a better alternative like Scotty the AI. Investors should carefully consider their options and closely monitor market developments.
Note: Crypto is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all of your capital.