The prevailing market sentiment has significantly impacted various tokens, causing their values to decline and rendering some completely worthless. However, some individuals view this as an opportunity to acquire their preferred tokens at a lower price in anticipation of the next bull run. Fetch.ai (FET) peaked during the 2021 bull market cycle but has since decreased in value by over 80%. Despite this decline, numerous crypto experts, technical analysts, and long-term investors believe this presents an opportunity to expand their investment portfolios before the commencement of the next trend. Will the Fetch.ai (FET) token's value rise in the future? Is Fetch.ai a good long-term investment? Let's find out in our Fetch.ai (FET) price prediction for 2024 and beyond.

What is Fetch.ai (FET)?

There has been a lot of hype surrounding Fetch.ai, and for good reason. In 2018, the company published a brief but somewhat boastful introductory post on Medium, stating that they were "the world's first smart ledger". This was enough to capture the attention of many crypto enthusiasts, who were further intrigued by the strong marketing campaign used to promote the project since its inception.

Fetch.ai is a platform built on innovation, and it's a decentralised machine learning protocol. It was founded in 2017 by Toby Simpson, a game developer; producer Humayun Sheikh, one of the leading investors in the artificial intelligence firm Deepmind; and Thomas Hain, an advanced machine learning professor.

FET token was first launched on one of the major crypto exchanges, Binance, in 2019. It leverages the speed and scalability of the Binance Smart Chain (BSC) to "find, create, deploy and train autonomous economic agents and is essential for smart contracts, oracles and the transactions needed to deliver the new digital economy".

Fetch.ai's blockchain is built on Cosmos-SDK, a network that facilitates multichain interoperability through the inter-blockchain communication (IBC) protocol. This means that autonomous economic agents can be launched on networks such as Cosmos (ATOM), Ethereum (ETH) and Binance Smart Chain. The Fetch.ai protocol enables a range of functionalities, including identity for agent deployment, staking, and token governance.

The company has a talented and diverse team of engineers developing a platform that bridges the gap between artificial intelligence and blockchain-agent systems. The protocol is built on a distributed ledger and decentralised Random Beacon protocol that implements the benefits of slot Proof-of-Stake (sPoS), decentralised computational costs and multi-sig to lessen storage requirements, all combined with the benefits of machine learning. The infrastructure is designed to enable the advancement of the digital economy through cryptography and machine learning.

Fetch.ai (FET) has many applications and features aiming to achieve automation by connecting businesses with the blockchain. They have also launched an AI NFT marketplace that allows content creators to create and own AI-enabled digital assets.

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FET History

Before we dive into Fetch.ai (FET) price predictions and address whether FET is a good investment, let's take a moment to understand what FET is and its history up to this point.

Fetch.ai has had many significant partnerships since its inception that have contributed to the growth of its ecosystem and made it a promising investment opportunity. Here is a timeline of some of the most noteworthy partnerships:

• On 26 July 2021, FET was listed on Coinbase Pro.
• On 5 August 2021, Fetch.ai developers announced a partnership with Bosch, a German engineering and manufacturing conglomerate, to use machine learning algorithms on its testnet for identifying machinery failures.
• On 6 August 2021, Fetch.ai partnered with OCP and OpenDAO to enable FET token holders on BSC to stake in exchange for OmniC tokens.
• On 18 August 2021, Fetch.ai launched the Colearn Paint NFT platform, an AI-powered feature for NFTs that enables content creators to create NFTs using machine learning.
• Fetch.ai transferred its staking program from Ethereum to its native manner on 28 August 2021 to reduce transaction costs and unlock more incentives.
• On 28 September 2021, Fetch.ai collaborated with Algbra, a fintech platform, to bring Defi services to minority communities for research and development purposes.
• On 7 October 2021, FET enabled a new feature of the browser extension wallet, allowing FET holders to convert their tokens to ERC-20 without a distributed ledger on the token bridge.
• FET users who staked their tokens received MOBIX tokens airdrop as a reward for their active participation between October and December 2021.
• On 8 December 2021, Fetch.ai signed a deal with Immortals, an esports organisation, to enable cryptocurrency adoption in part. They also ran a gaming influencer campaign called "Team Fetch.ai," which had a significant impact on the number of users onboarded.
• Fetch.ai launched a blockchain programme, Beacon World Evolved (BWE), on its mainnet towards the end of January 2022, which incentivises people to use Fetch.ai software by rewarding them with FET tokens.

Fetch.ai White Paper

According to the Fetch.ai white paper, this platform aims to develop the necessary infrastructure for decentralised and peer-to-peer (P2P) applications. The platform's ecosystem comprises autonomous economic agents (AEA) that operate independently and interact with one another. These agents negotiate and connect to perform their tasks, and this process is fully automated, requiring no user input.

Fetch.ai supports several programs, including Co-Learn, Axim, Atomix, MOBIX, Catena-X Automotive Network, Resonate, Starfleit and Mettalex. Co-Learn is a shared machine-learning model, while Axim is an artificial intelligence tool for analysing siloed data. Atomix is a stablecoin yield-generating protocol, and MOBIX provides incentive tokens for using its electric mobility solutions. Catena-X Automotive Network is a cloud-based global automotive value chain network, while Resonate is a decentralised social network. Starfleit is a decentralised exchange (DEX), and Mettalex is a decentralised exchange for traditional and crypto commodity derivatives.

Fetch.ai's native cryptocurrency is the Fetch.ai token (FET), which is used to pay for services and transactions on the platform. FET can also be staked to support the blockchain, earn rewards, and add blocks. FET was initially launched in 2019 as a token based on the Ethereum (ETH) blockchain, but it became Fetch.ai's native token in early 2021.

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Fetch.ai (FET) Price Analysis

When writing this Fetch.ai (FET) price prediction on 5 September 2024, the token's price was $1.119432 with a daily trading volume of $338.11 million. The token ranked #29 on CoinMarketCap, with a live market capitalisation of $2.82 billion, a circulating supply of 2.52 billion FET and a total supply of 2.63 billion FET.

FET price statistics (as of 05/09/2024)

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FET token price history

Reviewing the cryptocurrency's past performance gives ground for forecasting FET price predictions. Let's now take a look at the Fetch.ai (FET) price history. 

Fetch.ai launched its FET cryptocurrency through an initial coin offering (ICO) in February 2019, with an initial value of about $0.33. However, the crypto market was in a slow period at that time, commonly referred to as a "crypto winter." When the Covid-19 pandemic hit in March 2020, FET dropped to an all-time low of $0.00827 on 13 March of that year. The cryptocurrency eventually recovered and closed 2020 at $0.515.

In early 2021, the crypto market experienced a boom, and FET reached a high of over $0.80 in March after the official launch of the Fetch.ai blockchain. However, the market took a downturn on 19 May, causing FET to trade below $0.20 at times during the summer. FET's recovery was aided by a growing market and the ability to stake FET on Binance (BNB), allowing it to reach an all-time high of $1.19 on 8 September. By the end of the year, FET had cooled down and was worth $0.5069, representing an annual loss despite the growth of the overall crypto market.

In 2022, FET suffered a loss of more than 80% due to a series of market crashes, closing the year at $0.09167. However, it has shown signs of recovery in 2023, with a peak price of $0.6004 on 8 February, thanks to the growth of AI and interest in cryptocurrencies related to the sector. The collapse of the Silvergate bank caused a brief drop to $0.2979 on 10 March, but a recovery led FET to $0.4814 on 13 March. 

The Fetch crypto price history from 2023 to 2024 reflects significant fluctuations and trends. In 2023, the token started at around $0.26 and experienced gradual growth in line with broader cryptocurrency market trends. By March 2024, Fetch.ai crypto price reached an all-time high of approximately $3.48, a significant peak. However, as of September 2024, the price has stabilised, ranging between $1.16 and $1.27, which, while lower than its peak, still indicates notable growth compared to 2023. 

FET technical analysis

As of 5 September 2024, the overall sentiment for Fetch.ai price prediction is neutral. Technical analysis suggests that the 200-day Simple Moving Average (SMA) for Fetch.ai is expected to decline, potentially reaching $1.538 by 5 October 2024, while the 50-day SMA is forecasted to drop to $1.169 by the same date. The Relative Strength Index (RSI) is currently at 52.07, indicating a neutral market position as it's neither oversold (below 30) nor overbought (above 70). With today's classical pivot point (P1) at $1.132, Fetch.ai has support levels at $1.088, $1.037, and a key support at $0.993. On the resistance side, levels are projected at $1.183, $1.227, and $1.277.

Fetch.ai predictions 2023

According to some experts, Fetch.ai's cryptocurrency (FET) is considered one of the most impressive to emerge this year. The FET price forecast for 2023 predicts a substantial increase in the second half of the year, with the potential to reach $0.539129. Although the rise will be gradual, no significant drops are expected. Achieving an average price of $0.503187 is quite an ambitious goal, but it is possible shortly, given anticipated collaborations and advancements. The minimum value for FET is predicted to be $0.431303.

Fetch.ai predictions 2024

Fetch.ai (FET) price predictions for 2024 reflect a generally positive outlook, with expectations of steady price increases throughout the year. Analysts predict a gradual recovery, with prices reaching around $1.05 by September 2024 and potentially rising to $2.41 by December. Other forecasts suggest a trading range between $1.06 and $1.35, with a projected 14.43% increase by October, potentially bringing the price to $1.26. Cryptopolitan offers a more bullish outlook, anticipating a high of $2.30 by year-end, driven by Fetch.ai's involvement in major projects and potential rebranding. Looking ahead to 2025 and beyond, long-term projections estimate prices could reach $2.90 to $3.48 in 2025 and between $19.37 and $23.71 by 2030.

Is the Fetch.ai token a good investment?

Yes, Fetch.ai (FET) is considered a good investment due to its potential for growth in the coming years, driven by its useful applications and advanced technology. In addition, the predicted price levels indicate that it could be a profitable long-term investment. However, like any other cryptocurrency, the value of FET may fluctuate depending on market conditions. That's why it's important to conduct thorough research and consider personal financial goals and risk tolerance before making any investment decisions.

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Fetch.ai (FET) price prediction2024-2050

The future price of Fetch.ai (FET) is subject to market volatility and dependent on factors such as adoption rate and market demand. While FET holds great potential due to its futuristic use cases and bridging blockchain with artificial intelligence, it is important to do thorough research and analysis before making investment decisions. We have scouted various FET price predictions, but it should be noted that these are just predictions and not investment advice. 

WalletInvestor FET crypto price prediction for 2024, 2025, 2030, 2040 and 

Fetch.ai coin price prediction WalletInvestor's Fetch.ai coin price prediction suggests that by 31 December 2024, the token could reach $2.37. The 31 December 2025 forecast anticipates a rise to $4.12. Looking further ahead, January 2029 is projected to see the price climb to $9.37, with even more significant increases expected by 2040 and 2050.

DigitalCoinPrice Fetch.ai (FET) price prediction for 2024, 2025, 2030, 2040 and 2050

DigitalCoinPrice offers an optimistic forecast for Fetch.ai (FET) future prices, projecting its price to rise steadily from $2.93 in 2024 to $3.36 in 2025 and $4.81 in 2026. The prediction continues with a forecast of $5.53 in 2027, $6.96 in 2028, and $8.41 in 2029, reaching $9.86 by 2030, reflecting substantial growth over the next decade. For the longer term, predictions suggest that FET could climb to $21.73 by 2040 and $37.61 by 2050, although such distant forecasts come with increased uncertainty.

CoinCodex FET token price prediction for 2024, 2025, 2030, 2040 and 2050

CoinCodex forecasts a 14.30% increase in Fetch.ai's (FET) crypto price, projecting it to reach $1.27 by 5 October 2024. For 2025, the token is expected to see a yearly low of $1.05 and rise as high as $1.33. Looking further ahead, CoinCodex's Fetch.ai crypto price predictions provide an annual outlook for Fetch.ai's price through 2030, reflecting ongoing growth and fluctuations based on these patterns.

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Fetch.ai future forecast in general

As with any investment in the crypto space, it's important to develop a sound strategy when considering investing in FET. It's worth noting that this type of investment may not be suitable for those with a low-risk tolerance or an asymmetric risk profile. However, for those comfortable with higher risk levels and with a strong financial position, FET may be an attractive investment opportunity.

How high can the FET token go?

Although the short-term Fetch.ai future prediction remains cautious, with potential highs estimated between $2.30 and $5 for 2024, the long-term outlook is considerably more positive. Projections indicate that the token could experience substantial growth, reaching prices in the tens of dollars by 2030.

FET price prediction today

Despite a 10.72% drop in FET token price over the past 24 hours, several forecasts indicate a potential price increase in the upcoming months and throughout 2024, with targets ranging from $1.26 to $2.41 by year-end. However, given cryptocurrency markets' inherent volatility and unpredictability, investors must perform their due diligence before making any investment choices.

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