Fetch.ai (FET): An Overview

FET is the designated token linked with Fetch.ai, an innovative blockchain project aiming to establish a decentralized digital realm. It stands as one of the tokens currently included in the Metaverse Index (MVI) maintained by Index Coop.

What is Fetch good for?

Fetch.ai is a pioneering blockchain project designed to establish a decentralized digital environment, enabling autonomous software agents to undertake meaningful economic tasks on behalf of individuals, businesses, and organizations. By harnessing the power of artificial intelligence (AI) and machine learning (ML), Fetch.ai aims to provide intelligent solutions within the realm of blockchain technology.

What is FET?

At the core of Fetch.ai's ecosystem lies the FET token, an ERC-20 utility token serving as the backbone of the network. It functions as the medium of exchange for transactions and computational services within the Fetch.ai ecosystem. FET, introduced in 2018, plays a pivotal role in powering the network.

Is Fetch.ai a Layer 1?

Fetch.ai serves as both a layer-1 Ethereum proof of stake (PoS) network and an interchain protocol based on the Cosmos-SDK. It also uses a WASM-based smart contract language that allows builders to deploy applications on the network.

Who is the founder of FET coin? Who owns Fetch app? Is Fetch a Chinese company?

Fetch.ai was co-founded by Humayun Sheikh, Toby Simpson, and Thomas Hain. Humayun Sheikh, the CEO, is an innovative entrepreneur who played a crucial role in providing early-stage funding for DeepMind before its acquisition by Google. Toby Simpson, the COO, previously served as a lead developer for the popular video game "Creatures" and has extensive experience in applying artificial life (Alife) and AI in the realms of entertainment and technology. Thomas Hain, the CSO, is a professor at the University of Sheffield, possessing profound expertise in machine learning and AI.

FET Tokenomics

Fetch.ai employs a dynamic token model meticulously crafted to bolster a self-sustaining economy of agents. The total supply of FET tokens is limited to 1.15 billion. FET serves as the primary medium of exchange on the platform, essential for accessing, developing, and operating autonomous agents within the network.

Inclusion of FET in MVI

The incorporation of FET into the Metaverse Index (MVI) aligns with the index's objective to mirror the trends in Metaverse and Gaming activities within virtual economies driven by blockchain technology and NFTs. This shift replaces the prior focus on capturing entertainment, social activities, and businesses in virtual economies also powered by blockchain technology and NFTs.

Fetch.ai's distinctive fusion of blockchain and AI sets it apart in the cryptocurrency landscape. Through its autonomous agents, the platform endeavors to automate various tasks and processes across sectors such as transportation, supply chain, healthcare, and more. The expansive potential for automation and optimization, facilitated by the FET token, underscores the project's substantial significance. FET fulfills all inclusion criteria outlined by MVI.

Fetch Smart Ledger

The Fetch Smart Ledger constitutes the blockchain layer of Fetch.ai, integrating distributed ledger technology with a directed acyclic graph. All network transactions undergo processing within this layer.

Within the platform, Fetch has developed software agents designed to represent and act on behalf of users. These Fetch.ai software agents possess the capability to perform searches, engage in negotiations, and subsequently share the outcomes with the user.

Fetch.ai Price Prediction

Fetch.ai Price Prediction Overview

Founded in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain, Fetch.ai has positioned itself as one of the premier AI tokens since its inception. The FET token, launched on the Binance Launchpad in 2019, successfully raised $29 million in funding. In 2020, Fetch.ai's mainnet was inaugurated, empowering users to create and automate repetitive online purchases through AI bots.

Our Fetch.ai price forecast anticipates a valuation of $0.675 by the conclusion of 2025. Looking ahead to 2030, our FET price prediction suggests a potential increase to $0.9. This analysis is grounded in a comprehensive examination of the project's foundation, utility, tokenomics, and prevailing market trends.

Fetch.ai Price History

Established in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain, Fetch.ai was conceived by founders with extensive experience in AI and machine learning. Their vision was to develop a decentralized network of AI tools capable of effective communication and mutual learning.

FET was introduced through a Binance Launchpad ICO in 2019, securing $21 million at a token price of $0.236. Initially launched as an ERC-20 token, Fetch.ai transitioned to its blockchain mainnet in 2020.

Analyzing CoinMarketCap data, Fetch.ai trading commenced in 2019 at an opening price of $0.352. Subsequently, it experienced a decline to $0.01271 in March 2020. As the broader crypto bull market gained momentum, FET surged to its all-time high (ATH) of $1.19 on September 18, 2021.

Following the ATH, the price retraced to $0.057 in November 2022. Despite this, FET emerged as one of the resilient tokens during the crypto winter, achieving an almost 4x increase to its current value

of $0.2194.

At present, Fetch.ai boasts a market cap of $178 million, with a circulating supply of 812,338,051 FET.

Key Points in Fetch.ai's Price History:

FET token launched in 2019 at a Binance Launchpad ICO, priced at $0.236.
Trading initiated at $0.352, dropping to $0.01271 in March 2020.
Attained an ATH of $1.19 on September 18, 2021.
Current price stands at $0.2194 with a market cap of $178 million.

Fetch.ai Price Prediction 2024

With the anticipated crypto bull run in 2024 and Fetch.ai being recognized as a leading "AI coin," it is poised for considerable investor interest. Given its market cap below $200 million and its reputation as one of the premier AI cryptocurrencies, FET holds potential for significant upside.

Additionally, being listed on major tier-one exchanges such as Binance and Coinbase enhances accessibility for investors, augmenting its potential in a bullish market.

The project's commitment to expanding its ecosystem is evident through consistent tool releases, exemplified by a recent hackathon held in partnership with DeCodeCafe. Hackathons play a pivotal role in fostering a developer community and enhancing a project's ecosystem.

Fetch.ai's "AI agents," capable of swift development from legacy applications through the project's no-code service, offers extensive utility potential. This aspect positions Fetch.ai as a promising candidate to be among the top-performing cryptocurrencies.

Considering a Fortune Business Insight report forecasting a 23.6% compound annual growth rate (CAGR) for the blockchain and AI market between 2020-2027, Fetch.ai stands to benefit from significant upside potential in the upcoming bull run, especially considering its current -81.08% from its 2021 ATH.

Taking these factors into account, our Fetch AI price prediction estimates a potential low of $0.35, a high of $0.6, and an average price of $0.475 by the conclusion of 2024.

Fetch.ai Price Predictions from Various Analysts

To gain a comprehensive perspective on the potential trajectory of Fetch.ai (FET), we have gathered forecasts from various analysts:

AMBCrypto:
- Forecast: FET could attain an average price of $0.17 in 2024.
Bitnation:
- Forecast: The Bitnation FET price estimate suggests an average price of $0.548587 in 2024.
Changelly:
- Forecast: Changelly's FET price prediction anticipates an average price of $0.17 in 2024.
Priceprediction.net:
- Forecast: According to Priceprediction.net, the average price for FET in 2024 might reach $0.34.
CryptoNewsZ:
- Forecast: CryptoNewsZ's Fetch.ai forecast proposes a price range between $0.46 and $0.67 in 2024.

These predictions are diverse and reflect the varying assessments of different analysts regarding Fetch.ai's future performance. It's essential to consider multiple perspectives and conduct further research when making investment decisions. The cryptocurrency market is inherently dynamic, influenced by various factors, and predictions are subject to change based on evolving circumstances.

Where to buy Fetch.ai FET:

You can purchase Fetch.ai FET from the crypto platforms listed below. Bybit and Binance are the two best crypto markets in the world. At altcoinvoyage.com, we do not recommend using other crypto markets due to low volume and limited crypto assets.