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- 1 99% of the FET’s observed holders are long-term holders
- 2 Only 4% are in a loss and 1% have held on to the money.
- 3 The Fetch.ai protocol has partnered with electronics giant Bosch
The Fetch.ai (FET) platform’s tokens noted the growing interest of crypto whales earlier this month, who were increasingly trading FETs. Fetch.ai is a platform that combines blockchain and artificial intelligence to create a network of Autonomy of Things (AoT) applications.
The artificial intelligence (AI) excitement has been reignited by the success of text-based AI platforms like ChatGPT and Fetch.ai, even if the majority of the cryptocurrency market has been showing losses in recent days due to gains from this year’s turnaround.
According to the most recent data gathered from the cryptocurrency tracking platform IntoTheBlock on March 2, as many as 96% of FET holders are making a profit at the current price (in the money), while only 4% are in a loss and 1% held on to the money.
99% of the Fetch.ai token’s observed holders are long-term holders, having kept the token for more than a year, compared to 1% who have held it for between one and twelve months and 0% of addresses who have held it for less than a month.
Increase in Fetch.ai prizes
As it happens, the price of FET soared last week in response to the announcement that the Fetch.ai protocol had partnered with electronics giant Bosch to create a foundation dedicated to research and development of Web3 technology for real-world industrial applications.
In addition to the other positive developments surrounding the AI platform, such as the surging interest from crypto whales, the announcement and ensuing price increases have helped Fetch.ai advance and become one of the top five artificial intelligence cryptocurrencies to watch out for in March.
The news of Fetch.ai’s collaboration with Bosch caused the price of FET to rise last week.
Fetch.ai has advanced and became one of the top five artificial intelligence cryptocurrencies to watch in March thanks to the announcement and subsequent price increases, as well as other encouraging developments involving the AI platform, like the soaring interest from crypto whales.
Conclusion
In February 2019, FET was introduced through an initial coin offering (ICO) on the Launchpad of a major news platform for more than 6.4% of its maximum supply. According to data, FET made its debut on February 28th at $0.33.
Intense selling pressure on the token persisted throughout 2019 and, by March 2020, it had fallen to an all-time low of $0.0074. FET bounced back in the months that followed, ending 2020 at $0.515.
Early in 2021, when its native fetch.ai blockchain was introduced, the token experienced its zenith.
In January and February 2021, FET recorded growth of 90% and 151% per month. In March 2021, the token rose up to 250%, reaching a record high of $0.8787.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
