One of the biggest buzzwords in the digital world is artificial intelligence (AI). This technology empowers electronic devices to perform complicated tasks without human intervention. We see AI around us daily, with ChatGPT being one of the most successful applications. One project seeking to link the crypto world with the current craze for AI is Fech.ai. What is this project about? And what is the role of its FET utility token? Let us discuss it in this Fetch.ai price prediction for the next few years.
What Is Fetch.ai?
Fetch.ai is an AI lab founded in 2017. This project aims to build an open, permissionless, decentralized machine learning (ML) network with a cryptocurrency-based economy. Fetch.ai empowers users to access secure datasets through autonomous AI executing tasks that leverage its global data network. Â The utility token FET launched in March 2019 and is an essential part of smart contracts and oracles on the Fetch.ai platform. Validators can stake FET to earn rewards while contributing to secure the network.
Fetch.ai (FET) Overview
As of August 11, 2023, FET was the 157th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
Fetch.ai Price History
Fetch.ai held an initial coin offering (ICO) for its FET token in February 2019. Next month, FET hit the open market, trading at $0.4 on Mach 2. Unfortunately for FET, its launch coincided with the crypto winter of 2019. The FET price rapidly fell below its open value, staying below $0.4 for over two years. On March 12, 2021, FET traded at its all-time low of $0.008.
The FET price entered an uptrend in the second week of March 2021. On March 30, this token traded at $0.8. However, the price was below $0.4 by mid-May. A new uptrend ensued in the second week of October that year, ending with FET’s all-time high of $1.2 on September 7. Despite volatility, the FET token kept its price around $0.7 until the end of November. Then, the FET price plummeted, ending 2021 at approximately $0.3.
In the first months of 2022, the PET price stayed above $0.1. However, the FET price was around $0.08 in mid-June that year. Throughout the year’s remainder, there was no significant price move. FET ended 2022 at $0.09. In January 2023, FET increased its price rapidly. On February 7, this token traded at more than $0.5. Despite much volatility, FET traded at around $0.4 until mid-April. Then, the FET price fell again. As of August 11, 2023, the FET price was approximately $0.2.
Fetch.ai (FET) Price Prediction for 2024-2030
Fetch.ai (FET) Price Prediction for 2024
In 2024, FET might trade at $0.3 on average (with a potential maximum of $0.4), according to PricePrediction. For its part, BitcoinWisdom predicts an average price of $0.4 and a maximum of $0.5. DigitalCoinPrice agrees with this prediction. Hence, if you invest in FET at the current trading price of $0.2, your investment’s value could grow by +150% in 2024.
Fetch.ai (FET) Price Prediction for 2025
The FET price will continue to increase in 2025. According to PricePrediction, FET might trade at $0.5 on average in 2025, possibly reaching $0.6. BitcoinWisdom expects this token to trade at $0.6 on average, with a potential maximum of $0.7. For its part, DigitalCoinPrice predicts an average and maximum price of $0.7. Your FET investment at the current $0.2 could grow by +250% in 2025.
Fetch.ai (FET) Price Prediction for 2030
In 2030, the FET price will reach a new all-time high. BitcoinWisdom forecasts an average FET price of $1.6 in 2030, with a potential maximum of $1.7. This price will shatter the current all-time high price of $1.2 on September 7, 2021. For its part, DigitalCoinPrice expects an average price of $2 and a maximum of $2.1. PricePrediction indicates an average FET price of $3.2 and a maximum of $3.5. Hence, your investment at the current trading price of $0.2 could grow by +1,650% by 2030.
Conclusion
Fetch.ai is an exciting project trying to bridge artificial intelligence and blockchain technology. Its native utility token, FET, has performed well at times. However, during unfavorable market conditions, this token has suffered enormous losses. Yet, price predictions are optimistic about FET’s future performance. This token could reach a new all-time price by the end of this decade. But before investing in this crypto asset, it is recommended to research it beyond price predictions only.
FAQs
Is Fetch.ai (FET) a good investment?
The answer to this question is complex. Although price predictions are optimistic, FET’s performance depends on many other factors. For example, it is uncertain whether the AI boom will last long. Some experts think AI will become a mainstream technology that eventually will cease to attract investment. Hence, such developments, coupled with the crypto market's overall state, will determine this token's future performance.
How high can Fetch.ai (FET) go?
According to PricePrediction, FET could trade at a maximum of $8.3 in 2032.
Where can I buy Fetch.ai (FET)?
If you want to invest in FET, you can purchase this token on LetsExchange.io. Our platform offers competitive rates without mandatory registration.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.