{"id":561582,"date":"2023-11-20T19:00:07","date_gmt":"2023-11-20T19:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561582"},"modified":"2024-06-11T14:31:20","modified_gmt":"2024-06-11T14:31:20","slug":"openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai\/","title":{"rendered":"OpenAI Setback No Match For FET’s 160% Surge: Time To Invest In AI?"},"content":{"rendered":"

The Artificial Intelligence (AI) sector in the crypto space has enjoyed one of the most prominent rallies despite the debacle with OpenAI. The company behind ChatGPT fired one of its founders and CEO, Sam Altman, sparkling downside pressure for AI-based tokens, such as FET. <\/strong><\/p>\n

Related Reading: Altcoin Corrections Signal Strong Buy Opportunities: Crypto Analyst<\/a><\/div>\n

The native token for Fetch.ai, FET, has been trending to the upside following the general market sentiment. Over the past month, the cryptocurrency recorded a 160% rally, and it\u2019s poised for further profits as it breaches critical resistance levels.<\/p>\n

\"OpenAI
FET’s price trends to the upside on the daily chart. Source: FETUSDT on Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

OpenAI Controversy Adds Fuel For FET\u2019s Rally<\/h2>\n

Data from Coingecko indicates that FET\u2019s bullish momentum took a hit last week as news about Sam Altman leaving OpenAI broke. The token has been moving with any development from the broader AI sector, and the uncertainty surrounding this company has impacted its performance on low timeframes.<\/p>\n

Over the weekend, FET regained its bullish momentum and reclaimed territory, extending a more significant rally. In that sense, a pseudonym trader looked into FET\u2019s potential target as the cryptocurrency continues \u201cits rally without a dip.\u201d<\/p>\n

In the past week, FET breached the resistance at $0.56, targeting its 2022 highs, as seen in the chart below. If the bullish momentum continues, the token could rise to its 2021 highs between $0.70 and $0.90.<\/p>\n

\"OpenAI
FET’s price rally set for further profits? Source: RektCapital on X<\/figcaption><\/figure>\n

FET Rally Could End In Massive Correction<\/h2>\n

Our Editorial Director and analyst, Tony Spilotro, has been bullish on FET\u2019s trajectory. The analyst believes FET could rise 2x to 4x before losing steam and re-visiting support.<\/p>\n

In the past, whenever the token followed a similar trajectory, printing a buy signal above the monthly Bollinger Band, as Spilotro stated, FET corrected by an impressive 80%. Thus, the analyst recommended new investors to tread carefully. Spilotro said<\/a>:<\/p>\n

(\u2026) its safe more than likely to buy FET at such levels, so long as you have a plan to get out before the next 70+% correction happens. Otherwise, price could retrace back to your entry here. Be smart and don’t expect the rally to go on forever.<\/p><\/blockquote>\n

Related Reading: Argentina Welcomes First Pro-Bitcoin President, BTC Price Surges Above $37,000<\/a><\/div>\n

Today, Microsoft announced<\/a> the hiring of Sam Altman to spearhead a new AI division. The company will commit to providing resources for the new division, which could ignite a new bull era for AI and AI-based tokens.<\/p>\n

Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

The Artificial Intelligence (AI) sector in the crypto space has enjoyed one of the most prominent rallies despite the debacle with OpenAI. The company behind ChatGPT fired one of its founders and CEO, Sam Altman, sparkling downside pressure for AI-based tokens, such as FET. Related Reading: Altcoin Corrections Signal Strong Buy Opportunities: Crypto Analyst The native token for Fetch.ai, FET, has been trending to the upside following the general market sentiment. Over the past month, the cryptocurrency recorded a 160% rally, and it\u2019s poised for further profits as it breaches critical resistance levels. OpenAI Controversy Adds Fuel For FET\u2019s Rally Data from Coingecko indicates that FET\u2019s bullish momentum took a hit last week as news about Sam Altman leaving OpenAI broke. The token has been moving with any development from the broader AI sector, and the uncertainty surrounding this company has impacted its performance on low timeframes. Over the weekend, FET regained its bullish momentum and reclaimed territory, extending a more significant rally. In that sense, a pseudonym trader looked into FET\u2019s potential target as the cryptocurrency continues \u201cits rally without a dip.\u201d In the past week, FET breached the resistance at $0.56, targeting its 2022 highs, as seen in the chart below. If the bullish momentum continues, the token could rise to its 2021 highs between $0.70 and $0.90. FET Rally Could End In Massive Correction Our Editorial Director and analyst, Tony Spilotro, has been bullish on FET\u2019s trajectory. The analyst believes FET could rise 2x to 4x before losing steam and re-visiting support. In the past, whenever the token followed a similar trajectory, printing a buy signal above the monthly Bollinger Band, as Spilotro stated, FET corrected by an impressive 80%. Thus, the analyst recommended new investors to tread carefully. Spilotro said: (\u2026) its safe more than likely to buy FET at such levels, so long as you have a plan to get out before the next 70+% correction happens. Otherwise, price could retrace back to your entry here. Be smart and don’t expect the rally to go on forever. Related Reading: Argentina Welcomes First Pro-Bitcoin President, BTC Price Surges Above $37,000 Today, Microsoft announced the hiring of Sam Altman to spearhead a new AI division. The company will commit to providing resources for the new division, which could ignite a new bull era for AI and AI-based tokens. Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"author":535,"featured_media":561589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87565,90089,90230,17203,87769,88732],"class_list":["post-561582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fet","tag-fet-price","tag-fet-price-analysis","tag-fetch-ai","tag-fetusdt","tag-openai"],"acf":[],"yoast_head":"\nOpenAI Setback No Match For FET's 160% Surge: Time To Invest In AI?<\/title>\n<meta name=\"description\" content=\"The Artificial Intelligence (AI) sector in the crypto space has enjoyed one of the most prominent rallies despite the debacle with OpenAI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"OpenAI Setback No Match For FET’s 160% Surge: Time To Invest In AI?","url":"http:\/\/uniquehot.com\/news\/openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/FET-price-FETUSDT-OpenAI.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/FET-price-FETUSDT-OpenAI.jpg?fit=640%2C447"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["fet","fet price","fet price analysis","fetch.ai","fetusdt","openai"],"dateCreated":"2023-11-20T19:00:07Z","datePublished":"2023-11-20T19:00:07Z","dateModified":"2024-06-11T14:31:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"OpenAI Setback No Match For FET’s 160% Surge: Time To Invest In AI?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/openai-setback-no-match-for-fets-160-surge-time-to-invest-in-ai\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/FET-price-FETUSDT-OpenAI.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/FET-price-FETUSDT-OpenAI.jpg?fit=640%2C447\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"fet\",\"fet price\",\"fet price analysis\",\"fetch.ai\",\"fetusdt\",\"openai\"],\"dateCreated\":\"2023-11-20T19:00:07Z\",\"datePublished\":\"2023-11-20T19:00:07Z\",\"dateModified\":\"2024-06-11T14:31:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/FET-price-FETUSDT-OpenAI.jpg?fit=640%2C447","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561582"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=561582"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/561589"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=561582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=561582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=561582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}