{"id":519979,"date":"2023-02-17T06:45:05","date_gmt":"2023-02-17T06:45:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519979"},"modified":"2023-02-17T06:04:44","modified_gmt":"2023-02-17T06:04:44","slug":"crypto-whales-take-fetch-ai-bait-of-135-million-fet-tokens-as-ai-ecosystem-expands","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-whales-take-fetch-ai-bait-of-135-million-fet-tokens-as-ai-ecosystem-expands\/","title":{"rendered":"Crypto Whales Take Fetch.AI Bait Of 135 Million FET Tokens As AI Ecosystem Expands"},"content":{"rendered":"

Artificial intelligence crypto FET has been growing in popularity lately. According to <\/span>Coingecko<\/span><\/a>, the governance token of Fetch.ai is up almost 53% in the monthly time frame. <\/span>This can be attributed to the fast growth of artificial intelligence technology today. <\/span><\/p>\n

According to <\/span>recent research<\/span><\/a>, the AI industry is expected to grow by 22% from this year to 2027 as a result of increasing popularity of artificial intelligence applications. <\/span><\/p>\n

Big tech companies have also invested heavily in AI, with Microsoft shelling out billions to OpenAI\u2019s ChatGPT. <\/span><\/p>\n

AI-related tokens have seen massive growth as seen on FET\u2019s impressive price movements.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Whales Dive Into The Scene<\/strong><\/h2>\n

Much like tech companies, cryptocurrency whales have entered the AI space through the emergence of AI tokens. <\/span>Some $61.2 million, or equivalent to 135 million FET, was transferred to an existing whale address on Valentine’s Day.<\/p>\n

According to Santiment\u2019s recent <\/span>tweet<\/span><\/a>, the whale address that accumulated so much of FET is also known to hold more than $224 million worth of Ethereum. These large whale transactions are an example that investors in crypto are highly interested in AI tech and blockchain.\u00a0<\/span><\/p>\n

\n

\ud83e\uddb4 #FetchAi<\/a> now the #102 asset by market cap in #crypto<\/a> after skyrocketing +395% in 2023, has seen its largest transaction in 567 days. $61.2M worth of $FET<\/a> has been transferred to an existing whale address, which also holds 224.46M in $ETH<\/a>. \ud83d\udc40 https:\/\/t.co\/TYjwlxJpYf<\/a> pic.twitter.com\/JNsYSgo3PO<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) February 15, 2023<\/a><\/p><\/blockquote>\n

With big companies investing in AI companies, investor interest in AI tokens is expected to increase in the coming years.\u00a0<\/span><\/p>\n

FET @ $0.4304 – Would The Crypto Continue Its Climb?\u00a0<\/strong><\/h2>\n

The current upwards movement of the token is currently being stopped by FET\u2019s $0.6007 resistance. For the token to resume its bullish price movement, prioritizing the breakthrough on this resistance is a must. However, the recent whale transaction didn\u2019t trigger a strong upwards movement.\u00a0<\/span><\/p>\n

Today, February 17th, the token is trading at a red candle. If the bearish momentum continues, a retest of the $0.3864 support is inevitable.<\/span><\/p>\n

But with AI-related tokens being so popular lately, we might see a continuation of FET\u2019s bullishness in the medium to long term.\u00a0<\/span><\/p>\n

Not to mention the increasing use cases of AI, investor interest will increase alongside it further boosting the momentum of the bulls. <\/span><\/p>\n

<\/p>\n

Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Shiba Inu Whale Scoops 50 Billion SHIB In Single Day After Earlier Ditching Bigger Amount<\/a><\/div>\n
For now, investors and traders should focus on defending the $0.3864 support in the short to medium term. Watching the movement of major cryptocurrencies like <\/span>Bitcoin<\/span><\/a> and <\/span>Ethereum<\/span><\/a> will also benefit them as FET is somewhat correlated with them.\u00a0<\/span><\/p>\n
If the bulls are successful in defending the token\u2019s current support, targeting $0.6007 will be a breeze. A breakthrough on this level could open the $0.7334 resistance for the bulls.\u00a0<\/span><\/p>\n
-Image by Jeff J Mitchell\/Getty Images<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Artificial intelligence crypto FET has been growing in popularity lately. According to Coingecko, the governance token of Fetch.ai is up almost 53% in the monthly time frame. This can be attributed to the fast growth of artificial intelligence technology today. According to recent research, the AI industry is expected to grow by 22% from this year to 2027 as a result of increasing popularity of artificial intelligence applications. Big tech companies have also invested heavily in AI, with Microsoft shelling out billions to OpenAI\u2019s ChatGPT. AI-related tokens have seen massive growth as seen on FET\u2019s impressive price movements.\u00a0 Whales Dive Into The Scene Much like tech companies, cryptocurrency whales have entered the AI space through the emergence of AI tokens. Some $61.2 million, or equivalent to 135 million FET, was transferred to an existing whale address on Valentine’s Day. According to Santiment\u2019s recent tweet, the whale address that accumulated so much of FET is also known to hold more than $224 million worth of Ethereum. These large whale transactions are an example that investors in crypto are highly interested in AI tech and blockchain.\u00a0 \ud83e\uddb4 #FetchAi now the #102 asset by market cap in #crypto after skyrocketing +395% in 2023, has seen its largest transaction in 567 days. $61.2M worth of $FET has been transferred to an existing whale address, which also holds 224.46M in $ETH. \ud83d\udc40 https:\/\/t.co\/TYjwlxJpYf pic.twitter.com\/JNsYSgo3PO \u2014 Santiment (@santimentfeed) February 15, 2023 With big companies investing in AI companies, investor interest in AI tokens is expected to increase in the coming years.\u00a0 FET @ $0.4304 – Would The Crypto Continue Its Climb?\u00a0 The current upwards movement of the token is currently being stopped by FET\u2019s $0.6007 resistance. For the token to resume its bullish price movement, prioritizing the breakthrough on this resistance is a must. However, the recent whale transaction didn\u2019t trigger a strong upwards movement.\u00a0 Today, February 17th, the token is trading at a red candle. If the bearish momentum continues, a retest of the $0.3864 support is inevitable. But with AI-related tokens being so popular lately, we might see a continuation of FET\u2019s bullishness in the medium to long term.\u00a0 Not to mention the increasing use cases of AI, investor interest will increase alongside it further boosting the momentum of the bulls. Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com Related Reading: Shiba Inu Whale Scoops 50 Billion SHIB In Single Day After Earlier Ditching Bigger Amount For now, investors and traders should focus on defending the $0.3864 support in the short to medium term. Watching the movement of major cryptocurrencies like Bitcoin and Ethereum will also benefit them as FET is somewhat correlated with them.\u00a0 If the bulls are successful in defending the token\u2019s current support, targeting $0.6007 will be a breeze. A breakthrough on this level could open the $0.7334 resistance for the bulls.\u00a0 -Image by Jeff J Mitchell\/Getty Images<\/p>\n","protected":false},"author":557,"featured_media":519988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,10524,85977,87854,17203],"class_list":["post-519979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-artificial-intelligence","tag-crypto-whales","tag-fet-token","tag-fetch-ai"],"acf":[],"yoast_head":"\nCrypto Whales Take Fetch.AI Bait Of 135 Million FET<\/title>\n<meta name=\"description\" content=\"Artificial intelligence crypto FET has been growing in popularity lately. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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