{"id":566492,"date":"2023-12-22T06:08:00","date_gmt":"2023-12-22T06:08:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=566492"},"modified":"2023-12-22T06:13:52","modified_gmt":"2023-12-22T06:13:52","slug":"crypto-analyst-says-this-ai-altcoin-will-hit-a-fresh-ath-after-300-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-says-this-ai-altcoin-will-hit-a-fresh-ath-after-300-rally\/","title":{"rendered":"Crypto Analyst Says This AI Altcoin Will Hit A Fresh ATH After 300% Rally"},"content":{"rendered":"
The pseudonymous crypto analyst Rekt Capital’s observations point to a promising future for the artificial intelligence (AI) cryptocurrency project, with a focus on Fetch.ai (FET).<\/p>\n
Along with with a sizable 377,500 followers on the social media network X, the analyst offers a bullish prediction, stating that Fetch.ai is about to reach a new all-time high (ATH).<\/p>\n
Rekt Capital’s investigation shows that the machine learning platform is presently experiencing a notable upswing following a successful retesting of a critical price level.<\/p>\n
The spotlight placed on Fetch.ai’s retest points to a technical analysis viewpoint in which the price behavior of the project at this crucial level acts as a key predictor of potential future profits.<\/p>\n
FET has increased over 300% since the cryptocurrency watchlist, claims Rekt. In terms of fluctuation in price, the AI cryptocurrency went up from $0.53 on December 9 to $0.67 on December 16.<\/p>\n
\n$FET<\/a><\/p>\n
Up almost +300% since the Altcoin Watchlist<\/p>\n
Now trying to breach one of the final resistances before new All Time Highs<\/p>\n
Weekly Close above the red resistance would be bullish#FET<\/a> #Fetchai<\/a> #Crypto<\/a> https:\/\/t.co\/kNZBSTw7Nw<\/a> pic.twitter.com\/KUlU5ovkzH<\/a><\/p>\n
\u2014 Rekt Capital (@rektcapital) December 15, 2023<\/a><\/p><\/blockquote>\n
Additionally, the technical analysis presents a positive picture for the cryptocurrency Fetch.ai, which has seen 60% of “green” trading days. Additionally, Fetch.ai is showing bullish indications from almost 30 technical indicators.<\/p>\n
The rise in cryptocurrencies with an AI focus indicates a rising awareness of the possibilities at the nexus of blockchain technology and artificial intelligence.<\/p>\n
An illustrative case in point is the significant increase in the value of Fetch.ai (FET) that followed its partnership with SingularityNET (AGIX).<\/p>\n
FETUSD currently trading at $0.77175 on the daily chart: TradingView.com<\/a><\/pre>\nThe collaboration between Fetch.ai and SingularityNET most likely represents a strategic relationship with the goal of maximizing the technological synergies between the two enterprises.<\/p>\n
SingularityNET is a platform that facilitates the production and trading of AI services. Fetch.ai could gain from SingularityNET’s experience and skills.<\/p>\n
\nEarlier this week we announced we’ve strategically partnered with @SingularityNET<\/a> to tackle some of #AI<\/a>‘s biggest challenges! \ud83e\udd16<\/p>\n
This partnership focuses on overcoming #LLM<\/a> hallucinations and enhancing multi-step reasoning \ud83d\udca1<\/p>\n
Read all of the details \ud83d\udc47https:\/\/t.co\/2WWukiqqH0<\/a><\/p>\n
\u2014 Fetch.ai (@Fetch_ai) December 17, 2023<\/a><\/p><\/blockquote>\n
Crypto And AI Synergy: Catalyst For Innovation<\/strong><\/h2>\n
This partnership is proof of the expanding fusion of blockchain and artificial intelligence (AI), which many investors think has the potential to usher in a new wave of innovation in the cryptocurrency space.<\/p>\n
At the time of writing, FET was trading $0.76, up 7.5% in the last 24 hours, and sustaining a weekly gain of 10%<\/a> in the last week, data from Coingecko shows.<\/p>\n
\n$FET<\/a><\/p>\n
FET performed a picture-perfect retest of the purple level as support this week<\/p>\n
Trying again to break beyond the red resistance<\/p>\n
Very close to challenging for new All Time Highs<\/p>\n
Just needs to break this red resistance and flip it to support#FET<\/a> #Fetchai<\/a> #Crypto<\/a> https:\/\/t.co\/oCKhEegMyV<\/a> pic.twitter.com\/UptI8o74B1<\/a><\/p>\n
\u2014 Rekt Capital (@rektcapital) December 19, 2023<\/a><\/p><\/blockquote>\n