Fetch.ai Coin Price Is up 23% to $0.23 - Buy Now Before It Reaches $1?
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With the wave of sentiment surrounding artificial intelligence being higher, Fetch.AI’s FET token has seen a massive wave of support. The digital asset is currently trading at $0.23, an uptrend of 19.21% in the past 24 hours.
However, as the token’s price witnesses an unprecedented rise, is this the perfect time to buy?
The FET token has recently been among the best market performers. Even in a market currently witnessing a 2.63% bump in value, the surge in FET’s price has been nothing short of impressive. FET is close to delivering a 100% gain in the past week, making it easily one of the best-performing assets in the market.
With its impressive price action, it is no wonder that FET is doing well on the technical front. The crypto asset is handily beating all its 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 divergence (MACD) shows that FET is flashing a buy signal, although investors would want to be wary of the asset’s relative strength index (RSI). Standing at 61.00, the FET RSI shows that the asset is close to the overbought region.
Fetch.AI is an artificial intelligence lab looking to build an open and decentralized machine learning network within the crypto economy. According to its design, the platform is set to help bolster the democratization process of AI by allowing anyone to plug into its system and access executable datasets using autonomous AI.
Earlier this week, the developers of Fetch.AI made a bold step forward when they announced the launch of Jenesis – a command line tool
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