Fetch.AI (FET) Price Prediction 2023, 2024, 2025 to 2030: Should you buy this AI cryptocurrency?
This post on ‘Fetch price prediction’ will teach you about the well-known AI based cryptocurrency, FET, its price history, its price forecast from 2022 to 2030, where to buy the coin, and an investment analysis. You will also learn if investing in FET a smart move going forward in 2023?
What we are going to learn?
What Is Fetch.ai (FET)?
Fetch.ai is a blockchain-based artificial intelligence (AI) and machine learning (ML) platform. Fetch.ai aims to offer platforms and services for artificial intelligence (AI) that will enable anyone to create and use AI at any scale, at any time, and from any location.
The platform’s goal is to serve as a decentralized digital representation of the real world where autonomous software agents carry out profitable economic activities. This suggests that users can use the Fetch.ai platform to carry out tasks like providing services or distributing data while being paid with digital currency in the form of Fetch tokens (FET) for their efforts.
Fetch.ai is, to put it simply, a platform that aims to connect devices and make it possible for markets to be created in order to increase the value of the data.
House of Chimera on Twitter (HouseofChimera) designed an infographic which you could check here:
More about Fetch.AI?
Fetch.ai strives to make fully autonomous decisions. A decentralized network that supports an ecosystem of different “agents” that search, bargain, and trade in an economic internet is used to achieve this autonomy. An autonomous economic agent (AEA) is defined by the platform as an intelligent agent (a Python-based development suite) that acts on behalf of its owner and generates economic value for that owner with little to no human intervention.
Fetch.ai also wants to connect people who require value and agents with value. These agents are digital objects that represent information, technology, software, people, or infrastructure components. They choose what to do for themselves as well as many other stakeholders, including people, businesses, governments, and others.
Users can digitally transform themselves or their companies by claiming a “digital twin,” as Fetch.ai calls them. The digital twin is a personal agent that seeks to enhance the lives of its users. The agent learns from the user and their close contacts in order to automate decision-making and routine tasks.
Additionally, Fetch.ai seeks to address one of the main issues that the data industry is now facing: data cannot be made to sell itself. It is feasible using Fetch.ai. Data is able to aggressively take advantage of every opportunity to exploit itself in any marketplace since the environment is constantly being reorganized to make jobs as simple as possible.
Fetch.ai uses the Internet of Things (IoT) to take advantage of short-term opportunities to sell the information they have in both established and emerging information services marketplaces. For instance, an agent in a car can relay road and weather conditions by simply transmitting the activity of a windshield wiper and the washer activity.
The Fetch coin, abbreviated as FET, is an ERC20 token. On the Fetch.ai network, this token is the main medium of exchange for money. The FET coin aspires to serve as a crucial component for all network exchanges. FET can be used for staking and as a method of rewarding network users.
Fetch has recently launched Super wallet.
The Fetch Super Wallet is an advanced digital asset management tool that utilizes artificial intelligence and automation. It simplifies various tasks, offers round-the-clock technical support, and focuses on improving user experience with innovative features.
History of Fetch.ai (FET)
Toby Simpson, a game developer and producer, Humayun Sheikh, a prominent investor in the artificial intelligence company Deepmind, and Thomas Hain, an expert in machine learning, founded Fetch.ai, a platform built on innovation, in 2017.
The FET coin was first introduced in 2019 on one of the major cryptocurrency exchanges, Binance.
How Are FET Tokens Created?
Fetch.ai wants to use a combination of proof-of-stake (PoS) and proof-of-work (PoW) processes to reach consensus. Additionally, the work done between two blocks determines the transaction order when additional blocks are produced using the common PoS protocol. Every time a new block is formed, FET tokens are generated and distributed to the node that optimized the block and the leader who gave it their approval. Fees from transactions are also received by the miners and the leaders.
15% of mining rewards are given to individuals who undertake helpful on-ledger calculations and calculations for consensus in order to improve performance and boost user confidence. With the expansion of the network’s collective intelligence, the majority of a node’s value should originate from the services it offers to agents, and vice versa. Mining rewards directly depend on the node wealth produced by meeting this requirement.
By staking FET tokens and earning incentives across the Fetch.ai ecosystem, users can also contribute to the operation of a sizable and active community of validators.
How does Fetch work?
Fetch blockchain is built on the Cosmos-SDK network, which allows for multichain interoperability through the inter-blockchain communication (IBC) protocol. This means that agent-based services can be introduced on other networks like Cosmos (ATOM), Ethereum (ETH), and Binance Smart Chain. It is well known that the Fetch.ai protocol supports a number of functions, including an identity that enables agent deployment, staking, and token administration.
They’re creating a hub for multi-agent systems, blockchain technology, and artificial intelligence. A distributed ledger and a decentralized Random Beacon protocol are also used by the system. It blends machine learning with the benefits of slot Proof-of-Stake (sPoS), which reduces storage needs, and multi-sig, which reduces computing costs. By connecting companies with the blockchain and getting rid of middlemen, Fetch is aiming to solve the issue of automation.
Fetch.ai (FET) Tokenomics
The FET token has a total quantity of 1,152,997,575 tokens, and there are now 812,338,051 FET in circulation.
Fetch in recent news
- Fetch.ai’s Jenesis Tool v0.6.0. is live!
- Fetch achieved 3M+ mainnet transactions last month.
- Agentverse v0.11 update is launched with advanced UI, python imports etc.
- Fetch FET Token is launched on Bybit crypto exchange (October 2, 2023)
Fetch Price History
On September 12, 2021, the Fetch.ai FET token reached its all-time high price of $0.9475. On March 12, 2020, it reached an all-time low of $0.00816959.
The total quantity of FET, a token created using the ERC-20 token standard and issued on the Ethereum blockchain, is 1.15 billion. The native token of Fetch.ai does not include a method for burning or halving, in contrast to many other tokens.
Even within the cryptocurrency market, the price of FET remains unstable. FET was a strong introduction, but it swiftly fell from $0.35 to $0.03 in late 2019 and even lower in early 2020.
Prior to the price dropping to $0.05 and lower, there was an increase to $0.15 in August 2020. FET experienced two brief price peaks in March 2021 at $0.28 and $0.78.
Once again rising to $0.918415 and $1.17 in September 2021, the price subsequently dropped to $0.205 by June. The price then rose to $0.096 in July and then kept on dropping. It dropped to $0.064 in November,2022. On 15th December, 2022, Fetch closed at $0.10.
Today, at the time of updating this article FET is trading around 0.2179USD (as on 4th October, 2023).
Fetch Price Prediction 2023
Let us have a look at the FET price prediction 2023. The minimum price is predicted to be lowest in December 2023 at 0.1700 USD. The prices are generally lower in the later months of the year.
|FET Price Prediction in 2023||Maximum Price||Minimum Price|
What is Fetch Price Prediction for October 2023?
The maximum & minimum Fetch is expected to reach is respectively 0.2506 & 0.2004.
What is Fetch Price Prediction for November 2023?
The maximum & minimum Fetch is expected to reach is 0.2204 & 0.1908 respectively
What is Fetch Price Prediction for December 2023?
The maximum & minimum Fetch is expected to reach is 0.1995 & 0.1700 respectively
FET Price Prediction 2024
“In 2024, FET’s price predictions reveal a dynamic market. The year begins with a maximum price of $0.2075 in January, gradually declining to $0.1508 in April. May marks a turning point, with a recovery to $0.1734. The positive trend continues, reaching $0.4617 in December, the highest of the year.
On the flip side, the minimum price starts at $0.1785 in January, hitting its lowest point at $0.1445 in March. April maintains a low of $0.1296. May signals a recovery to $0.1494. The bullish sentiment pushes the minimum price to $0.3986 by December.
The year showcases fluctuations, emphasizing the volatility of cryptocurrency markets. Investors should exercise caution and conduct thorough research.”
|FET Price Prediction By 2024||Maximum Price (USD)||Minimum Price (USD)|
Fetch (FET) Price Prediction 2025
|Month||Maximum Price (USD)||Minimum Price (USD)|
According to our price prediction report, FET is anticipated to experience significant growth in 2025. The maximum price is expected to reach its zenith in December 2025 at $1.1120, while the minimum price is projected to hit its nadir in January 2025 at $0.9651.
The forecast indicates that prices are poised to climb during the latter half of the year, with June 2025 showing the highest predicted maximum price at $0.7067, and September 2025 demonstrating the highest predicted minimum price at $0.7649.
In summary, FET’s price prediction for 2025 suggests that investors can anticipate a consistent increase in the value of FET throughout the year.
Fetch Price Prediction 2026-2030
|When||Maximum Price||Minimum Price|
The upcoming five years, starting from 2026, are poised to witness a substantial surge in FET prices. By 2030, the maximum price is forecasted to culminate at $1.823, while the minimum price is set to hit its lowest point in 2028 at $0.756.
Our FET price projections for the years 2026 to 2030 indicate an upward trajectory, with 2030 projecting the highest maximum price at $1.823 and 2028 indicating the lowest minimum price at $0.756.
Investors can anticipate a consistent and promising increase in FET’s value until the year 2030.
FET Price Prediction in INR
|FET price prediction INR||Maximum Price||Minimum Price|
From 2029 onwards, Fetch is anticipated to see a bull run over the following 2 years.
It has an incredible chance to soar to new heights. The minimum and maximum anticipated prices for 2030 are 10.786 INR and 151.72 INR, respectively.
Where can I buy fetch.ai FET Token?
Every major cryptocurrency exchange offers trading for the FET cryptocurrency. The following are a few of them: Binance, Kucoin, Coinbase, etc. Recently FET token also got listed on Bybit from where you can buy as well.
What is Fetch.ai price prediction for the year 2025?
We predict that the maximum value will be 1.1120USD in 2025 and the minimum value will be 0.4143USD.
What is Fetch.ai price prediction for the year 2030?
By the end of 2030, the price of the Fetch.ai token might reach $1.823 based on the current price trend, historical data, and our forecast.
Other related price prediction posts:
- Graph Price Prediction 2023 to 2030
- What is MatriX AI price prediction for 2025?
- Shiba Inu Price prediction for 2030
Is Fetch (FET) a wise investment decision for 2023 & beyond?
FET price prediction show an overall upward trend, with prices increasing year over year. This suggests that investing in FET may be a good idea for those looking to potentially see a return on investment in the future.
It’s important to note that these predictions are not certain and the cryptocurrency market is highly volatile. It’s also worth noting that investing in cryptocurrencies like FET is considered to be high-risk, and it is important to do your own research and consider your own financial situation before making any investment decisions.
As for the comparison with the growth and recognition of ChatGPT, it’s worth noting that ChatGPT is a language model developed by OpenAI, while FET is a cryptocurrency. They are two very different things and can’t be compared directly. However, it’s worth noting that ChatGPT has been widely adopted and used in various industries, from customer service to entertainment and education, while FET is a relatively new cryptocurrency which also operates on AI and big data model and its adoption and use cases are yet to be seen.
Last updated: 4th October, 2023