Fetch.ai (FET) is an Ethereum-based currency that powers the Fetch.ai network, which aims to create a decentralized infrastructure for job automation using machine learning and artificial intelligence (AI). In 2017, Fetch.ai was founded.
Since its founding, it has been continuously regarded as one of the top cryptocurrencies globally. The hype is understandable, but if you’re someone who’s willing to invest fully into the coin, you have a lot more to know. This involves its current performance and the Fetch AI price prediction in the coming years.
CEO Humayun Sheikh, a founding investor in artificial intelligence (AI) company DeepMind, chief operating officer (COO) Toby Simpson, a developer at DeepMind and producer of the artificial-life games series Creatures, and chief science officer (CSO) Thomas Hain, a professor in advanced machine learning, co-founded Fetch.ai in 2017.
The FET token, which debuted in March 2019 on Binance (a platform that the UK banned earlier this year), is a native cryptocurrency that is used to "find, create, deploy, and train autonomous economic agents and is essential for smart contracts, oracles, and the transactions required to deliver the new digital economy."
By September 2019, the FET price has dropped from a starting high of $0.4045 to a low of $0.0323. It rose to $0.0725 in December 2019 before plummeting to an all-time low of $0.0083 on March 13, 2020, when financial markets plummeted across the board. FET reached a high of $0.1641 in August 2020, before falling to $0.0360 in December.
FET has had a fantastic bull run in the spring of 2021, reaching a high of $0.82 in late March after starting the year at $0.06. FET's price has stabilized into a decline after experiencing some instability afterward, with lows of $0.16 around mid-summer.
The coin had rebounded strongly by early fall, reaching an all-time high of $1.19 on September 8. Despite the fact that it doesn't appear that it will be able to maintain those places, FET's price has been hanging around $1 since then, which is still a fantastic achievement.
According to algorithm-based forecasting site Wallet Investor's long-term fetch.ai pricing estimate, the average price might climb to $0.89 by the end of 2021 and $1.566 by the end of 2022. FET is expected to trade above $2 by 2023 and reach $3.56 by the end of 2025, according to the report.
Wallet with a card, coins, and some money
Using historical statistics, DigitalCoin forecasts that the price of FET will average $1.25 in 2022, then grow to an average of $2.22 in 2025, $3.31 in 2028, and $3.68 in 2029.
According to PricePrediction's AI-based fetch.ai projection, the price will average $1.16 in 2022, grow to $3.71 in 2025, and reach $24.25 by 2030.
Fetch.ai's application cases are numerous and expanding. It has the potential to transform a variety of industries, including delivery, healthcare, self-driving AI travel, commodities exchanges, and supply chains.
Fetch.ai's prospects are brightening as the number of possible applications for machine learning and artificial intelligence grows. Its technology's real-world applications should help it go further in the long run.
Despite the fact that Fetch.ai's future price trend appears to be good, investment in the cryptocurrency industry is fraught with danger due to its extreme volatility.
Traders can invest their money, but they must conduct their own research and get professional guidance before doing so. When investing, they should evaluate the market trend of Fetch.ai FET price, news, global signals, and crypto economy to ensure a decent return.