{"id":642060,"date":"2024-09-15T13:00:55","date_gmt":"2024-09-15T13:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=642060"},"modified":"2024-09-15T10:49:12","modified_gmt":"2024-09-15T10:49:12","slug":"fet-30-breakthrough-draws-investor-attention-as-new-developments-roll-out","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/fet-30-breakthrough-draws-investor-attention-as-new-developments-roll-out\/","title":{"rendered":"FET: 30% Breakthrough Draws Investor Attention As New Developments Roll Out"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Artificial Superintelligence Alliance (FET) has gained ground after the market returned to pre-September levels. <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/artificial-superintelligence-alliance\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> notes that FET, the native token of the merger, has risen by 30% since last week, representing a huge jump in investor sentiment.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ripple-moves-150-million-xrp-fueling-an-11-price-surge\/\" target=\"_blank\" rel=\"noopener \">Ripple Moves 150 Million XRP, Fueling An 11% Price Surge<\/a><\/div>\n<p><span style=\"font-weight: 400\">This was due to several on-chain developments this week, supported by an even greater bullish market sentiment as major cryptocurrencies like Bitcoin and Ethereum successfully returned to sustainable levels. With this in mind, investors might continue to face gains in the coming weeks.\u00a0<\/span><\/p>\n<h2><strong>On-Chain Developments Fuel Growth For FET<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Back on September 13, Fetch.ai <\/span><a href=\"https:\/\/x.com\/Fetch_ai\/status\/13109191\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> Synergy, a proposed project by Fetch\u2019s Innovation Lab intern Kush Agarwal, which will integrate the platform\u2019s AI tech into the manufacturing industry. Although no further details have been announced like whether the project received a green light for development, Synergy works by utilizing Fetch\u2019s AI agents to perform a variety of tasks inside a manufacturing plant, increasing efficiency.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Another amazing product developed in our Innovation Lab by one of our interns, Kush Agarwal!\ud83d\ude80<\/p>\n<p>Check out Synergy.\ud83d\udc40<\/p>\n<p>Synergy harnesses the power of <a href=\"https:\/\/twitter.com\/hashtag\/AI?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#AI<\/a> to make the global manufacturing industry more efficient.<\/p>\n<p>Stay tuned for more projects coming out of our Innovation Lab!\ud83e\udd2f\u2026 <a href=\"https:\/\/t.co\/6EQh8GY2QX\" rel=\"nofollow\">pic.twitter.com\/6EQh8GY2QX<\/a><\/p>\n<p>\u2014 Fetch.ai (@Fetch_ai) <a href=\"https:\/\/twitter.com\/Fetch_ai\/status\/13109191?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 13, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">According to the X post, the scalability of the proposed project is nearly infinite, but whether it will have a definite effect on the manufacturing industry is up for debate. In MIT\u2019s mid-year <\/span><a href=\"https:\/\/www.technologyreview.com\/2024\/04\/09\/1090880\/taking-ai-to-the-next-level-in-manufacturing\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Technology Review<\/span><\/a><span style=\"font-weight: 400\">, 35% of the 300 manufacturers they surveyed have already integrated AI into their workflow, representing 105 manufacturers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Fetch also <\/span><a href=\"https:\/\/x.com\/GameSwift_io\/status\/86494882\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">secured<\/span><\/a><span style=\"font-weight: 400\"> a partnership with GameSwift, a compute-focused AI platform that aims to \u201cdrive the mass adoption of Web3 gaming\u201d. The partnership is simple, users on GameSwift earn by lending their computing power for AI advancement with a side goal of expanding Fetch\u2019s gaming sector. As of writing, GameSwift\u2019s first goal is to create a marketplace for users for their computing power.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/jovKlp3A\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">FET market cap currently at $3.5 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Another bullish signal for investors is the <\/span><a href=\"https:\/\/x.com\/ASI_Alliance\/status\/32232206\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">proposal<\/span><\/a><span style=\"font-weight: 400\"> to add CUDOS, a blockchain cloud-computing protocol, to the ASI through a token merger. In the proposal, the ASI stated that adding CUDOS to the alliance will \u201cscale the Alliance\u2019s computational resources but also fortify its position as the leading platform for decentralized AI, AGI, and ASI initiatives.\u201d\u00a0<\/span><\/p>\n<h2><strong>FET Attempts Breakthrough On $1.4 Resistance<\/strong><\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-642064\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/a_286cff.png?resize=563%2C262\" alt=\"\" width=\"563\" height=\"262\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/a_286cff.png?w=563 563w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/a_286cff.png?w=460 460w\" sizes=\"(max-width: 563px) 100vw, 563px\"><\/p>\n<p><span style=\"font-weight: 400\">As of writing, FET\u2019s overwhelmingly bullish sentiment on all timeframes gives the bulls enough momentum for an attempted breakthrough on the $1.4 resistance level. Supported by positive on-chain developments, the token might be poised to flip this resistance to support in the coming days.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-seen-exploding-1000-7300-bold-predictions-signal-massive-growth\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, the relative strength index of the token signals that the bulls are exhausted with little to no room to continue the bullish steamroller. This may hint at a slight retracement in the coming days. With FET\u2019s relatively high correlation with the major cryptocurrencies, it can also be influenced by any movement made by Bitcoin and Ethereum in the coming days.\u00a0<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Artificial Superintelligence Alliance (FET) has gained ground after the market returned to pre-September levels. CoinGecko notes that FET, the native token of the merger, has risen by 30% since last week, representing a huge jump in investor sentiment.\u00a0 Related Reading: Ripple Moves 150 Million XRP, Fueling An 11% Price Surge This was due to several on-chain developments this week, supported by an even greater bullish market sentiment as major cryptocurrencies like Bitcoin and Ethereum successfully returned to sustainable levels. With this in mind, investors might continue to face gains in the coming weeks.\u00a0 On-Chain Developments Fuel Growth For FET Back on September 13, Fetch.ai announced Synergy, a proposed project by Fetch\u2019s Innovation Lab intern Kush Agarwal, which will integrate the platform\u2019s AI tech into the manufacturing industry. Although no further details have been announced like whether the project received a green light for development, Synergy works by utilizing Fetch\u2019s AI agents to perform a variety of tasks inside a manufacturing plant, increasing efficiency.\u00a0 Another amazing product developed in our Innovation Lab by one of our interns, Kush Agarwal!\ud83d\ude80 Check out Synergy.\ud83d\udc40 Synergy harnesses the power of #AI to make the global manufacturing industry more efficient. Stay tuned for more projects coming out of our Innovation Lab!\ud83e\udd2f\u2026 pic.twitter.com\/6EQh8GY2QX \u2014 Fetch.ai (@Fetch_ai) September 13, 2024 According to the X post, the scalability of the proposed project is nearly infinite, but whether it will have a definite effect on the manufacturing industry is up for debate. In MIT\u2019s mid-year Technology Review, 35% of the 300 manufacturers they surveyed have already integrated AI into their workflow, representing 105 manufacturers.\u00a0 Fetch also secured a partnership with GameSwift, a compute-focused AI platform that aims to \u201cdrive the mass adoption of Web3 gaming\u201d. The partnership is simple, users on GameSwift earn by lending their computing power for AI advancement with a side goal of expanding Fetch\u2019s gaming sector. As of writing, GameSwift\u2019s first goal is to create a marketplace for users for their computing power. Another bullish signal for investors is the proposal to add CUDOS, a blockchain cloud-computing protocol, to the ASI through a token merger. In the proposal, the ASI stated that adding CUDOS to the alliance will \u201cscale the Alliance\u2019s computational resources but also fortify its position as the leading platform for decentralized AI, AGI, and ASI initiatives.\u201d\u00a0 FET Attempts Breakthrough On $1.4 Resistance As of writing, FET\u2019s overwhelmingly bullish sentiment on all timeframes gives the bulls enough momentum for an attempted breakthrough on the $1.4 resistance level. Supported by positive on-chain developments, the token might be poised to flip this resistance to support in the coming days.\u00a0 Related Reading: Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth However, the relative strength index of the token signals that the bulls are exhausted with little to no room to continue the bullish steamroller. This may hint at a slight retracement in the coming days. With FET\u2019s relatively high correlation with the major cryptocurrencies, it can also be influenced by any movement made by Bitcoin and Ethereum in the coming days.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":642080,"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":[142,6787,428,6664,1946,87565],"class_list":["post-642060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-artifical-intelligence","tag-bitcoin","tag-crypto","tag-ethereum","tag-fet"],"acf":[],"yoast_head":"\n<title>FET Rallies 30% As New Developments Roll Out<\/title>\n<meta name=\"description\" content=\"The Artificial Superintelligence Alliance (FET) has gained ground after the market returned to pre-September levels. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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