Fetch.ai FET Price
- BTC 0.000047
- ETH 0.0009
Fetch.ai Price chart
Statistics
Fetch.ai Price $3.31 | All-time high $1.17 | Days since ATH 932 |
Price change $0.06761 (2.0885%) | Date of ATH Sep 8, 2021 | % of ATH 283.80% |
Related cryptocurrencies
Fetch.ai Review
Fetch.ai(FET) - Coin Trading Data
Fetch.ai Price | $3.31 |
Ticker | FET |
Market Capitalization | $3.45B |
Fully Diluted Valuation (FDV) | $3.81B |
Value 24h low | $2.95 |
Value 24h high | $3.37 |
Trade Volume for 24h | $1.1B |
Current Circulating Supply | 1.04B |
Maximum Supply | 1.15B |
Algorithm | |
ICO Price and ICO ROI | 0.0867 USD 38.18x |
Price Change 24h % | 2.0885% |
FET quote | $3.31 |
Fully Diluted Valuation (FDV) | $3.81B |
Fetch.ai(FET) ATH - All Time High Price
Fetch.ai ATH Price | $1.17 |
FET quote | 932 |
ATH Date | Sep 8, 2021 |
All Time High % | 283.80% |
Fetch Profile
Fetch.ai is a decentralized platform which is used to create smart, self-powered software and tools. It makes possible the use of Artificial Intelligence (AI) and machine learning for analyzing data, making decisions, and predicting. The project also offers a smart wallet with automation and integration with OpenAI's ChatGPT API.
The Fetch.ai blockchain uses a modified version of the Tendermint Proof-of-Stake (PoS) consensus mechanism of the Cosmos protocol in order to protect its network. Moreover, since the Fetch.ai blockchain is based on Cosmos, it can interact with other blockchains in the Cosmos ecosystem through the Inter-Blockchain Communication Protocol (IBC).
Fetch's global objective is to automate an infinite variety of markets that currently require huge amounts of manual involvement. Autonomous economic transactions can provide almost problem-free markets that operate at high digital speeds.
Fetch.ai Structure
Autonomous Economic Entities, Open Economic Framework and Fetch Smart Ledger are the three main components of the Fetch.ai network. The development team is creating the tools and infrastructure to help develop a decentralized digital economy based on artificial intelligence. Providers and consumers are the components of the Fetch.ai economy, which is based on various agents and ecosystems with multiple functions and use cases.
The Fetch.ai network is an interchain protocol based on Cosmos-SDK that uses a high-performance WASM-based smart contract language (Cosmwasm) to enable advanced cryptography and machine learning logic on the blockchain. It also allows the Fetch.ai network to serve as a layer 2 network for Ethereum as well as an interchain bridge to the rest of the blockchain environment.
The Fetch.AI model is based on use cases such as the optimization of DeFi shopping services, transportation networks, smart energy networks and travel, basically any complex digital system that relies on large-scale data sets.
Key technical features:
- Hybrid system (blockchain + DAG): for each transaction two chains are created at once to increase system capacity;
- uPoW consensus mechanism: computational tasks are split into packets and can be performed by different nodes in terms of computing power;
- Throughput of up to 1,000,000 transactions per second;
- Use of AI to analysis and prediction of network load.
Token FET
Fetch (FET) is a token of the Fetch.AI project. The cryptocurrency tokenization was held on Binance Launchpad in late February 2019. The initial exchange offer (IEO) raised about $6 million.
Fetch.ai uses its own cryptocurrency, FET, as a service token and as the primary method of exchange on the platform. FET is used to pay for network transaction fees, AI deployment and service fees. Tokens can be deposited into the stacking system, which is the basis of the network's security model. FET is also used to reward participants who perform network operations.
Here are some of the functions of the token:
- Launching a new agent;
- Exchange of services and data between agents;
- Share in the Fetch network;
- Access to search and advertising services;
- The token can access and create registry-based AI/ML algorithms;
- The FET token is also used to stabilize the price of "gas" on the Fetch network.
The distribution of tokens is as follows:
- 62% of all tokens are owned by the founders, private investors, advisors, and the project fund;
- 6% are distributed as part of a public token sale;
- 32% are earmarked for future issuance and mining.
The developers provided the original wallet for FET (available for IOS and Android). Moreover, since the cryptocurrency is based on Ethereum, clients supporting ERC-20 coins will be suitable for transactions with it.
Fetch and AI
Many technology companies have started to integrate artificial intelligence (AI) into their instruments. The sudden interest in AI is supposedly related to the popularity of OpenAI's ChatGPT chatbot. The app gained 100 million users in just two months. Experts predict that AI technology will have a huge impact in the future.
This technology is also used in various crypto projects such as Fetch.ai. Moreover, this project's cryptocurrency has been rising in value since the beginning of 2023. The FET/USD pair was trading at about $0.09 per token at the beginning of 2023, which represents an increase of more than 400%.
And that's not all:
- On February 21, 2023, Fetch.ai, an AI lab, announced a partnership with engineering giant Bosch. The companies will create a new $100 million fund for research and development of Web 3 projects.
- On April 27, 2023, cryptocurrency exchange Bitget invested $10 million in artificial intelligence blockchain platform Fetch.ai. This happens at the time when the exchange launched a $100 million investment fund to fund Web3 startups.
Fetch.ai Advantages and Disadvantages
Advantages | Disadvantages |
---|---|
It is an innovative product that enables autonomous exchange of information with higher throughput compared to competitors. | Questionable reputation of the CEO. |
Sale of tokens on Binance Launchpad increases the credibility of the project. | Overly ambitious roadmap. |
Potential exchange listing within a short period of time. | |
Good structure with low capital and reasonable market capitalization estimates based on initial circulating token offerings. | |
Strong team with great experience and academic background. |
Summary
The FET token is considered a promising AI crypto project because it focuses on creating an ecosystem for autonomous AI-driven agents that interact with each other and provide various services, such as data sharing, resource allocation, and prediction markets.
The platform also leverages advanced technologies that could potentially help solve a number of problems in transportation, energy, financial and many other services. Fetch.ai probably has enough resources to release a really innovative product: this project has a good concept and a professional team to implement it.
How much is a one Fetch.ai worth now?
1 Fetch.ai worth $3.31 now.
What is the price of FET?
The price of FET is $3.31.
What is the Fetch.ai max supply?
The max supply of Fetch.ai is 1.15B.
What is the Fetch.ai stock symbol or ticker?
The stock symbol or ticker of Fetch.ai is FET.
How many FET coins are there in circulation?
There are 1.04B coins in circulation of FET.
What is the exchange rate of Fetch.ai(FET)?
The exchange rate of Fetch.ai is $3.31.
What was Fetch.ai's trading volume in 24 hours?
Fetch.ai's 24-hour trading volume is $1.1B.
What was the highest price paid for Fetch.ai?
Fetch.ai reached a record high of $1.17 on Sep 8, 2021
Fetch.ai Exchange Rates on Trading Markets
# | Exchange | Pair | Price | 24h volume | Volume % | Updated | |
---|---|---|---|---|---|---|---|
1 | Binance | FET/USDT | $3.26 | $332.12M | 24.13% | 9 minutes ago | |
2 | Coinbase Exchange | FET/USD | $3.26 | $127.53M | 9.26% | 7 minutes ago | |
3 | Nami.Exchange | FET/VNST | $3.31 | $85.63M | 6.22% | 12 minutes ago | |
4 | Nami.Exchange | FET/USDT | $3.3 | $66.13M | 4.8% | 12 minutes ago | |
5 | Bitrue | FET/USDT | $3.29 | $48.18M | 3.5% | 14 minutes ago | |
6 | Bybit | FET/USDT | $3.28 | $46.78M | 3.4% | 7 minutes ago | |
7 | Bitvavo | FET/EUR | $3.3 | $42.7M | 3.1% | 12 minutes ago | |
8 | OKX | FET/USDT | $3.28 | $32.47M | 2.36% | 6 minutes ago | |
9 | Bitget | FET/USDT | $3.28 | $32.02M | 2.33% | 6 minutes ago | |
10 | Binance | FET/BTC | $3.3 | $25.8M | 1.87% | 12 minutes ago | |
11 | Bitunix | FET/USDT | $3.29 | $23.84M | 1.73% | 40 minutes ago | |
12 | Kraken | FET/USD | $3.26 | $18.36M | 1.33% | 6 minutes ago | |
13 | KuCoin | FET/USDT | $3.28 | $16.35M | 1.19% | 6 minutes ago | |
14 | BingX | FET/USDT | $3.27 | $16.15M | 1.17% | 5 minutes ago | |
15 | HTX | FET/USDT | $3.28 | $14.19M | 1.03% | 5 minutes ago |