{"id":372423,"date":"2023-01-31T05:39:09","date_gmt":"2023-01-31T10:39:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=372423"},"modified":"2023-01-31T05:41:02","modified_gmt":"2023-01-31T10:41:02","slug":"fetch-ai-price-prediction-as-bears-grip-tightens-for-fet-token-time-to-sell","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fetch-ai-price-prediction-as-bears-grip-tightens-for-fet-token-time-to-sell","title":{"rendered":"Fetch.ai Price Prediction As Bears\u2019 Grip Tightens For FET Token: Time To Sell?"},"content":{"rendered":"

Fetch.ai (FET<\/a>) has recorded a magnificent first month of the year, soaring 252% from $0.089 at the beginning of the month to a high of $0.31 on January 28, the highest level since May 4. The rally was significant, marked by a series of higher highs and higher lows, until January 21, when bears put their right foot forward, and the FET price began to consolidate.<\/p>\n

At the time of writing, FET price was trading at $0.26, down by 7.8% on the last day. The token had a 24-hour trading volume of $40.81, which was 10% higher than the previous trading session. With a live market cap of $213.7, FET ranked 144 on CoinMarketCap.<\/p>\n

Why FET Crypto Soared Across January<\/strong><\/h2>\n

Technology platform Fetch.ai delivers global autonomous economic agent (AEA) solutions to developers. The AEA is a smart agent operating on behalf of the owner and with little to no interference to the owner’s organization. The solution is targeted at generating its owner\u2019s economic value, which conforms to the platform\u2019s motivation to build the autonomy of things.<\/p>\n

In the past several months, developers have suggested five different governance proposals, the most recent being to increase the number of active validators on the Fetch network to 70.<\/p>\n

Following a recent developer announcement about in-house on-chain governance for the Fetch.ai ecosystem, however, FET price has done exceedingly well with a medium announcement<\/a> noting that the on-chain governance structure will deliver myriad benefits.<\/p>\n

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In #decentralized<\/a> networks, not only are the benefits distributed, but also the responsibilities.<\/p>\n

Here is a comprehensive overview of all https:\/\/t.co\/kJ9URVpOul<\/a>'s governance votes until 2023, including an intro to this very concept \ud83d\udc47https:\/\/t.co\/BwWtcco5is<\/a><\/p>\n

— Fetch.ai (@Fetch_ai) January 12, 2023<\/a><\/p><\/blockquote>\n