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As sentiment surrounding AI has increased, Fetch.AI’s FET token has seen a growing wave of support. The digital asset is currently trading at $0.23, a 19.21% uptrend over the past 24 hours.
However, with the price of the token experiencing an unprecedented increase, is now the perfect time to buy?
FET price movement
The FET token has recently been among the best in the market. Even in a market currently up 2.63%, the surge in the FET price has been nothing short of impressive. FET is close to gaining 100% in the last weekeasily making it one of the best performing assets out there.
With its impressive price action, it’s no wonder FET is doing well technically. The crypto asset is rapidly beating all of its major moving average (MA) indicators.from the 10-day moving average of $0.2309 to the 200-day moving average of $0.2146.
A positive Converging and Diverging Moving Average (MACD) shows that the FET is giving a buy signal, but investors should be wary of the asset’s Relative Strength Index (RSI). Looking at 61.00, the RSI of FET shows that the asset is close to the overbought region.
Fetch.AI is an AI lab looking to build an open and decentralized machine learning network within the crypto-economy. By design, the platform should help support the democratization process of AI by allowing anyone to connect to your system and access executable datasets using autonomous AI.
Earlier this week, the developers of Fetch.AI took a bold step forward by announcing the launch of Jenesis – a command-line tool for rapid development of systems and smart contracts. As the developers explained, Jenesis will provide developers with overviews and insights into the CosmWasm ecosystem without requiring extensive coding skills.
They hope Jenesis will help speed up the process of building blockchain-based smart apps.n, giving a hard time to platforms like Ethereum and others.
New presales to keep an eye on
As FET continues to benefit from the market boom, investors should also be interested in several new high-performing cryptocurrencies.
Metamasters Guild (MEMAG)
MEMAG is a new blockchain gaming token with significant prospects. The digital asset was created by the Meta Masters Guild, a collective of Web3 gamers looking to create a blockchain gaming universe. Each game in this universe will run on its own, with MEMAG as its native token.
MEMAG is now available for presale, with the first stage price set at $0.007. The asset has already raised over $135,000 via this pre-sale. The pre-sale occurs in seven phases, with the price gradually increasing in each phase.
For fitness and health enthusiasts, FGHT is the perfect token to buy. This crypto asset powers Fight Out, a blockchain platform that inspires users to get in shape and pursue their fitness goals.
With Fight Out, players can set whatever goal they want and work towards it. As they progress, Fight Out rewards them with tokens.
The platform also expands into the metaverse, allowing members to meet and interact with each other while focusing on their well-being and health.
The platform’s native FGHT token is available for presale at the low price of $0.0166. It has already raised $2.89 million, with ever-increasing demand from investors.