Fetch.ai (FET) Price Prediction 2024-2030: Will FET Price Hit $5 Soon?

• The bullish Fetch.ai (FET) price prediction ranges from $1.56 to $1.78.
• Analysis suggests that the FET price might reach above $2.34 soon.
• The FET bearish market price prediction for 2024 is $0.3586.

Fetch.ai is an artificial intelligence (AI) lab developing an open, permissionless, decentralized machine learning network with a crypto economy. It was founded in 2017 and debuted via the IEO on Binance in March 2019.

The Cosmos-SDK-based Fetch.ai network uses a high-performance WASM-based smart contract language and is an interchain protocol (CosmWasm). As a result, the Fetch.ai network may act as both an interchain bridge to the rest of the blockchain community and a layer-1 network for Ethereum.

If you are interested in the future of FET and want to know its predicted value for 2024, 2025, 2026, 2027, and 2030, keep reading!

Fetch.ai (FET) Real Time Market Status

What is Fetch.ai (FET)?

Fetch.ai is an artificial intelligence (AI) lab developing an open, permissionless, decentralized machine learning network with a crypto economy. It was founded in 2017 and debuted via IEO on Binance in March 2019. With a permissionless network that anyone can join and use to obtain secure datasets, Fetch.ai democratizes access to AI technology. It uses autonomous AI to carry out tasks using its extensive global data network. 

The optimization of DeFi trading services, transportation networks (parking, micro-mobility), smart energy grids, travel, and virtually any other intricate digital system that depends on sizable datasets are among the use cases of the Fetch.ai paradigm.

The utility token FET from Fetch.ai was created to locate, build, deploy, and train digital twins and is a crucial component of the platform’s smart contracts and oracles. Users can create and deploy their digital twins on the network using FET. Developers can obtain machine learning-based tools to train autonomous digital twins and deploy collective intelligence on the network by paying with FET tokens.

The Digital Twin Framework, one of the four distinct elements of Fetch.ai, offers modular building blocks that assist teams in developing markets, competencies, and intelligence with which digital twins can interact.

Digital twins have access to search and discovery features through the Open Economic Framework. The Digital Twin Metropolis is a group of smart contracts that function as an immutable record of agreements between digital twins and are executed on a WebAssembly (WASM) virtual computer.

The Fetch.ai blockchain blends multi-party cryptography with game theory to offer safe, censorship-resistant consensus and quick chain-syncing to support digital twin applications. The network is decentralized, thanks to blockchain technology. Differential privacy adds another layer of protection by preventing the release of users’ private data sets when creating updates. The multi-party cryptography and game theory supported by the Fetch.ai blockchain offer secure and censorship-resistant consensus.

Analysts’ View on Fetch.ai (FET)

A crypto analyst on Twitter tweeted that although many people who have started taking a long positions already closed their trades, he is still holding his long position.

Weak hands selling $FET

I am not here to make 50%

Many Will regret. Patience. Thats why $luna retired me and many didnt. Cauz i held from 0.15 all the way up to $95#builddiff

Send it back. pic.twitter.com/xaQfxr52OG

— WIZZ ( beware scammers ) (@CryptoWizardd) January 7, 2023

Another analyst tweeted that FET has gained 100% growth within a month. Is there anything more for FET to come?

$FET +100% in One Month, More to Come.. 🤔#Crypto #FET #FetchAI pic.twitter.com/drTwWwNER6

— Captain Faibik (@CryptoFaibik) January 8, 2023

Also another tweet by Elizy showing that FET has more space to rise and investors should stop getting fear of missing out by looking at other people’ tweets.

don’t be a brainless chicken…don’t be guided by fomo tweets…here you wait $FET pic.twitter.com/V4JClgwAp9

— EliZ¥ (@eliz883) January 8, 2023

Fetch.ai (FET) Price Analysis

By market capitalization, FET ranks 103 on CoinMarketCap’s list of the biggest cryptocurrencies. Will Fetch.ai’s most recent improvements, additions, and modifications help the FET price rise? First, let’s focus on the charts in this article’s FET price forecast.

Fetch.ai (FET) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Looking at the charts, the candlesticks have been moving in an uptrend as they were trading in the top half of the Bollinger Bands. It also highlights that FET witnessed a price correction, which is commonly seen by traders and institutional investors after the market is highly influenced by the buyer’s entry. It seems that after the candlestick cleverly tested the upper band, a fall happened, which depreciated FET’s value. However, the candlesticks started to surge once again. 

Fetch.ai (FET) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

The RSI further confirms that the digital asset has been overbought. It seems that the recent price correction may have been caused by buyers’ actions in pushing FET into the overbought region. Although the RSI made a bearish cross while treading downward, it has once again crossed above the SMA. Traders need to wait for more confirmation on whether the price of FET will continue to rise.

Fetch.ai (FET) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

The MACD shows a red bar forming on the histogram, which is often seen as a bearish trend by some investors. Although the MACD line is below the signal line (a bearish signal), there is also a possibility for a bull signal to form soon. For instance, the gap between the MACD line and signal line is reducing, which could suggest that a bullish cross may happen soon, a positive signal. 

Fetch.ai (FET) Price Prediction 2024

The above chart shows that the candlesticks were moving in a reversal rising wedge pattern as the candlesticks continued to form higher highs and high lows. After experiencing a bull run for almost a month, the price correction effects started to trigger in the market. Although the candlestick almost touched the support at $0.4565, the altcoin once again swayed away from the support line. 

The Bull vs. Bear Power also highlighted the presence of bulls in the market as it continues to remain in the green zone. There may be a chance that with the reported 54.75% buying volume, prices may continue to rise again. 

This is based on the idea that the altcoin will be highly influenced by the buyers. Since the overall market showcases greedy sentiment from traders caused by bullish expectations, there is no doubt that altcoin will break several resistance levels and reach a new level by this year.

Fetch.ai (FET) Price Prediction – Resistance and Support

Looking at the chart above, it seems that candlesticks have already faced a price correction after experiencing a bull run for almost a month. With the expectations of a bull run and the market sentiment being very greedy, it is expected that FET will break beyond $0.6599 before reaching the other set target levels. FET has the possibility of reaching $1.0258 if the market is driven by buyer’s influence.

Fetch.ai (FET) Price Prediction 2025

FET could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, FET will continue to rise in 2025, forming new resistance levels. It is expected that FET will trade beyond the $6.93 level.

Fetch.ai (FET) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, FET could tumble into its support regions. However, when FET remains in the oversold region, there could be a price correction soon. FET, by the end of 2026, could be trading beyond the $6.61 resistance level after experiencing the price correction.

Fetch.ai (FET) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. FET is expected to rise after its slumber in the bear season. Moreover, FET could even break more resistance levels as it continues to recover from the bearish run. Therefore, FET is expected to trade at $8.03 by the end of 2027.

Fetch.ai (FET) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, FET will continue to form new higher highs and is expected to move on an upward trajectory. Hence, FET would be trading at $11.46 after experiencing a massive surge by the end of 2028. 

Fetch.ai (FET) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, FET could be trading at $13.90 by the end of 2029.

Fetch.ai (FET) Price Prediction 2030

After witnessing a bullish run in the market, FET and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, FET could be trading at $13.46.

Fetch.ai (FET) Price Prediction 2040

The long-term forecast for FET indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, FET may face a slight fall before starting its upward journey once again. It is expected that the average price of FET could reach $26.72 by 2040.

Fetch.ai (FET) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, FET could surpass the resistance level of $46.82.

Conclusion

To summarize, if investors continue to show interest in FET and add these tokens to their portfolio, then it could continue to rise. FET’s bullish price prediction shows that it could pass beyond the $1.56 level in 2024. Moreover, FET could surpass the $46.82 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.