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COINTURK NEWS > Technical Analysis > Artificial Intelligence Altcoins Gain Momentum: Fetch (FET) Coin in Focus
Technical Analysis

Artificial Intelligence Altcoins Gain Momentum: Fetch (FET) Coin in Focus

In Brief

  • AI altcoins like Fetch (FET) Coin attracted significant interest throughout the year.

  • After ChatGPT's launch, FET Coin surged, pleasing investors with a substantial rise.

  • Experts predict potential growth for AI tokens, with FET Coin showing strong promise.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Artificial intelligence altcoins have seen great interest throughout the year, and this trend may continue to grow as developments in the field progress. In particular, Fetch (FET) Coin has become a favorite among investors. A popular analyst, known for predicting several major market movements, revealed his current price forecast a few hours ago.

Contents
Expert Prediction for FET CoinExpectations for FET Coin in 2024

Expert Prediction for FET Coin

Following the launch of ChatGPT in November 2022, the altcoin that caught the eye in August saw an increase of around 1070%, making investors who bought at the bottom very happy. The popular artificial intelligence altcoin has regained the $0.24 threshold we highlighted and is now trading above $0.79.

Popular cryptocurrency commentator Rekt Capital wrote in his assessment today;

“A few weeks ago, it perfectly retested the purple support.”

“Now it’s trying to break above the red resistance again.”

“It’s very close to reaching its All-Time High.”

“It just needs to break this red resistance and turn it into support.”

If the analyst is correct, FET Coin will need to surpass the $1 All-Time High (ATH) region and set a new historical peak. The ATH on the Binance exchange was $1.19, and the targets above it are open-ended.

Expectations for FET Coin in 2024

OpenAI CEO Sam Altman mentioned that we could see major developments in 2024 that will impress everyone. While GPT 3.5 and 4 are already awe-inspiring, what we will see in the next stage is truly a subject of curiosity. Moreover, this statement indicates that the excitement will multiply.

Artificial intelligence altcoins are not powerful enough to compete with giants like OpenAI. However, their blockchain-focused solutions have made them popular among investors. In particular, Fetch’s partnership with Bosch and the recent announcement that sensor data can now be interpreted with AI suggest that demand may remain robust.

If the expected scenario unfolds and 2024 becomes a heated period for the altcoin season, AI tokens, with the support of pioneers in the field, are likely to achieve significant gains. WLD Coin, initiated by current OpenAI CEO Sam Altman, could also continue its rise along with other artificial intelligence cryptocurrencies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 26 December, 2023 - 10:06 pm 26 December, 2023 - 10:06 pm
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