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As sentiment around artificial intelligence grows, Fetch.AI’s FET token has seen a growing wave of support. The digital asset is currently trading at $0.23, an uptrend of 19.21% in the last 24 hours.
However, with an unprecedented increase in the price of the token, is now the perfect time to buy?
FET price movement
FET sign recently it has been among the best performers in the market. Even in a market that is currently up 2.63%, FET’s price growth has been nothing short of impressive. FET is close to making a 100% profit in the past weekmaking it easily one of the best performing assets out there.
With its impressive price movement, it’s no wonder FET is doing well technically. The crypto asset is rapidly beating all major moving average (MA) indicators.from the 10-day MA of $0.2309 to the 200-day MA of $0.2146.
A positive moving average convergence and divergence (MACD) indicates that the FET is giving a buy signal, but investors should be wary of the relative strength index (RSI) of the asset. Standing at 61.00, FET’s RSI indicates that the asset is near overbought territory.
Fetch.AI is an artificial intelligence lab that seeks to build an open and decentralized machine learning network within the crypto-economy. By design, the platform should help support the process of democratizing AI by allowing anyone to log into their 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 give developers overview and insight into the CosmWasm ecosystem without requiring deep coding skills.
They hope Jenesis will help speed up the process of building smart, blockchain-based apps.n, giving platforms like Ethereum and others a hard time.
New pre-sales to view
As FET continues to benefit from the boom in the market, investors should also be interested in some new cryptos very efficient.
Meta Masters Guild (MEMAG)
MEMAG is a new blockchain gaming token with significant prospects. The digital asset was built by the Meta Masters Guild – a collective of Web3 gamers looking to create a universe of block games. Each game in this universe will run independently, with MEMAG as the original token.
MEMAG is now available at presale, with the price for the first step set at $0.007. The asset has already raised over $135,000 through this presale. The pre-sale takes place in seven stages, with the price gradually increasing at each stage.
For fitness and health enthusiasts, FGHT is the perfect land to buy. it crypto assets powers Fight Out – a blockchain platform that inspires users to get fit and pursue their fitness goals.
with STRUGGLE, players can set whatever goal they want and work towards it. As they progress, Fight Out rewards them with tokens.
The platform also extends into the metaverse, allowing members to meet and engage with each other while focusing on their well-being and health.
The platform’s native token FGHT is available for pre-sale at the low price of $0.0166. It has already raised $2.89 million, with ever-increasing demand from investors.