$2.44T
Total marketcap
$129.4B
Total volume
BTC 52.06%     ETH 17.09%
Dominance
Fetch.ai

Fetch.ai FET Price

$1.18 -13.398%
  • BTC 0.000018
  • ETH 0.0003
Categories
ICO Price
0.0867 USD
ROI
13.61x
FDV
$3.09B
Market cap
$2.96B
Low - High [24h]
$1.11 - $1.37
Vol [24h]
$275.78M
Cur - Max Supply
2.52B - 2.63B

Fetch.ai Price chart

Sorry, that's all we've gotfor now...

Statistics

Fetch.ai Price $1.18 All-time high $3.45 Days since ATH 82
Price change -$0.182 (-13.398%) Date of ATH Mar 28, 2024 % of ATH -65.95%

Fetch.ai Review

Fetch.ai (code: FET)

Founded Date: Mar 28, 2018

Founders:

Humayun Sheikh
Humayun Sheikh
Founder & CEO
Toby Simpson
Toby Simpson
Co-founder & COO
Thomas Hain
Thomas Hain
Co-Founder & CSO

Fetch.ai(FET) - Coin Trading Data

Fetch.ai Price $1.18
Ticker FET
Market Capitalization $2.96B
Fully Diluted Valuation (FDV) $3.09B
Value 24h low $1.11
Value 24h high $1.37
Trade Volume for 24h $275.78M
Current Circulating Supply 2.52B
Maximum Supply 2.63B
Algorithm
ICO Price and ICO ROI 0.0867 USD 13.61x
Price Change 24h % -13.398%
FET quote $1.18
Fully Diluted Valuation (FDV) $3.09B

Fetch.ai(FET) ATH - All Time High Price

Fetch.ai ATH Price $3.45
FET quote 82
ATH Date Mar 28, 2024
All Time High % -65.95%

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:

  1. 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.
  2. 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

AdvantagesDisadvantages
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 $1.18 now.

What is the price of FET?

The price of FET is $1.18.

What is the Fetch.ai max supply?

The max supply of Fetch.ai is 2.63B.

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 2.52B coins in circulation of FET.

What is the exchange rate of Fetch.ai(FET)?

The exchange rate of Fetch.ai is $1.18.

What was Fetch.ai's trading volume in 24 hours?

Fetch.ai's 24-hour trading volume is $275.78M.

What was the highest price paid for Fetch.ai?

Fetch.ai reached a record high of $3.45 on Mar 28, 2024

Fetch.ai Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance FET/USDT $1.18 $60.56M 16.83% 17 minutes ago
2 CITEX CITEX FET/USDT $1.18 $60.41M 16.79% 3 minutes ago
3 Coinbase Exchange Coinbase Exchange FET/USD $1.18 $34.09M 9.47% 6 minutes ago
4 Nami.Exchange Nami.Exchange FET/USDT $1.18 $28.36M 7.88% 5 minutes ago
5 Nami.Exchange Nami.Exchange FET/VNST $1.18 $28.02M 7.79% 5 minutes ago
6 Bitget Bitget FET/USDT $1.18 $15.79M 4.39% 14 minutes ago
7 HTX HTX FET/USDT $1.18 $12.37M 3.44% a minute ago
8 WhiteBIT WhiteBIT FET/USDT $1.18 $10.3M 2.86% 5 minutes ago
9 Bitrue Bitrue FET/USDT $1.18 $8.96M 2.49% 4 minutes ago
10 OKX OKX FET/USDT $1.18 $8.8M 2.45% 52 seconds ago
11 Bybit Bybit FET/USDT $1.18 $6.64M 1.84% 3 minutes ago
12 Omgfin Omgfin FET/BTC $1.18 $4.83M 1.34% 3 minutes ago
13 Bitunix Bitunix FET/USDT $1.18 $4.39M 1.22% 6 minutes ago
14 KuCoin KuCoin FET/USDT $1.18 $3.61M 1% 4 minutes ago
15 Gate.io Gate.io FET/USDT $1.18 $3.49M 0.97% 6 minutes ago
16 Binance Binance FET/BTC $1.18 $3.39M 0.94% 4 minutes ago
17 Niza Global Niza Global FET/USD $1.18 $3.31M 0.92% 6 minutes ago
18 Kraken Kraken FET/USD $1.18 $3.16M 0.88% 14 minutes ago
19 BtcTurk | Kripto BtcTurk | Kripto FET/TRY $1.22 $3.11M 0.86% 5 minutes ago
20 Bitvavo Bitvavo FET/EUR $1.18 $3.1M 0.86% 5 minutes ago