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The Fetch.ai price skyrocketed 7% to trade for 02:20 a.m. EST time as trading volume rises 70%.
It comes following reports that Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) ecosystems are coming together to make a single token, ASI, the Artificial Superintelligence token.
[TREE DAO] SingularityNET, https://t.co/JSH3iD5uiE and Ocean Protocol are discussing merging their tokens into an ASI token that would have a fully diluted value of about $7.5 billion, according to people familiar with the matter
— Tree News (@News_Of_Alpha) March 27, 2024
In a Wednesday announcement, the three AI projects said that they entered a proposed agreement to merge their tokens. The decision comes amid the growing popularity of AI solutions, with web3 companies looking to spearhead the narrative.
This merger, which would have a fully diluted value worth $7.5 billion, will introduce the features of blockchain into the AI world, crafting a new decentralized AI platform.
A potential mega-merger is brewing!
SingularityNET, https://t.co/ewcabwPMO8, and Ocean Protocol might just shake things up with a token merger worth $7.5B, crafting a new decentralized AI platform.
Will this shake up the blockchain-based AI revolution?
Source: BBG pic.twitter.com/Ypq0d5THc1
— Kyledoops (@kyledoops) March 27, 2024
Specifically, the ASI collective plans “to ensure that AGI (Artificial General Intelligence) and ASI, which is now under development, are neither owned nor controlled by any single party so that there are no biases whatsoever. This means that the ASI token will launch in a way that is not only open but also democratic and decentralized,” said Dr. Ben Goertzel, Founder and CEO of SingularityNET.
Based on the tenets of web3 as it pertains to decentralization and privacy, the merger would promote direct relationships between developers and users. It would bypass traditional gatekeepers while at the same time enhancing privacy, said Humayun Sheikh, CEO and Founder of Fetch.ai.
Notably, all users who held FET, AGIX or OCEAN tokens before the Alliance Snapshot are eligible to claim ASI from the Alliance Treasury Pool.
https://twitter.com/_a301/status/1773023389441052676
Fetch.AI Price Prediction As FET, AGIX and OCEAN Come Together In A Proposed Merger
The Fetch.ai price is trading with a bullish bias, with the market leaning in favor of further upside. The buy the rumor situation is strongly at play, with buying pressure increasing as shown by the climbing Relative Strength Index (RSI).
The histograms of both the Awesome Oscillator (AO) and those of the Moving Average Convergence Divergence (MACD) indicators are flashing green. The positions of these bars in positive territory shows the bullish trend is gaining strength.
Based on the Fibonacci indicator, the likely target for the Fetch.ai price is the $5.3742, coinciding with the 161.8% Fibonacci retracement level. Such a move would constitute a climb of nearly 70% above current levels.
Nevertheless, it is imperative to note this target is only plausible if the broader market continues to show strength.
TradingView: FET/USDT 1-week chart
However, if traders start to cash in on the gains made in the last few days, the Fetch.ai price could drop. This could see the FET price drop to the 61.8% Fibonacci retracement level of $2.0816. In a dire case, the AI crypto coin’s market value could drip to the 50% Fibonacci placeholder at $1.6931. A break and close below this level on the weekly timeframe would invalidate the bullish thesis.
Noteworthy, the RSI is recording lower highs while the Fetch.ai price has recorded higher highs, which is a typical bearish divergence. If this trend continues, the Fetch.ai price could fall.
Meanwhile, the Dogecoin20 ICO is offering a last chance to buy after it sold out with $10 million in funds raised in less than two weeks.
Promising Alternative To Fetch.ai
DOGE20 is the powering token for the Dogecoin 2.0 ecosystem, the upgraded version of Elon Musk’s favorite DOGE meme coin.
According to analysts, this Shiba Inu-inspired derivative might be set for greater success than its predecessors including Shiba Inu and even Dogecoin itself. The project aims to be a greener version of Dogecoin, and says it aims to “Do Only Good Everyday,” the same principle outlined in the Dogecoin manifesto.
https://twitter.com/DOGE_COIN20/status/1768242237266104505
Dogecoin 2.0 runs on Ethereum’s Proof of Stake (PoS) blockchain, offering a more eco-friendly version of the Bitcoin of meme coins.
Recently, Coinbase Exchange, the largest US-based trading platform, announced plans to list DOGE futures next week. This makes it the ideal time to buy DOGE20 because as a Dogecoin derivative it also stands to gain from any boost from the futures contracts.
April 1st coinbase launches doge futures
it would be a shame if it front ran that launch
— Dyme (@CryptoParadyme) March 23, 2024
Dogecoin20 addresses the flaws of Dogecoin, giving investors who missed out on DOGE a second chance. Take advantage of this final chance to participate in Dogecoin20’s presale before it launches on a decentralized exchange (DEX) on April 20, which is International DOGE Day.
https://twitter.com/DOGE_COIN20/status/1772679064219685060
DOGE20 Presale Sells Out After $10 Million Raise
Each DOGE20 token is still selling for $0.00022 and crypto analyst and YouTuber Jacob Bury ranks it among the best meme coins to buy now with 100X potential.
You have a final opportunity to visit the project’s website and buy DOGE20 using a bank card or by swapping ETH, BNB, or USDT tokens before it lists
Also Read:
- ClayBro Reviews Fast-Selling Dogecoin-Themed Token Presale – Could This New Meme Coin Outpace Dogecoin Gains?
- Top 3 Crypto Presales to Watch for Potential 10x-15x Gains – Bitcoin Minetrix, Dogecoin20, and Green Bitcoin
- Austin Hilton Presale Review of Greener Version of Dogecoin with Staking Rewards – Dogecoin20
- Dogecoin Price Prediction: DOGE Surges 14% As Coinbase Plans Dogecoin Futures And The Doge20 ICO Rockets Past $5 Million
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
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