Fetch.ai has been surging in the daily timeframe. The cryptocurrency had been highly bullish during November; however, the bullish trajectory was effectively reversed and the token begun a steep downward decline. The current performance shows that the downtrend may have been reversed and favorable things can be expected from FET. At the time of writing, the cryptocurrency stands at a price level of $0.57. The price has increased by more than 5% in the past twenty-four hours while the weekly performance shows an increase of 13%. The daily high and low of the cryptocurrency ranged from $0.59 to $0.53. Fetch.ai currently stands at a market rank of #153.
What is Fetch.ai?
Artificial intelligence and blockchain technology are considered to be the concept from the future and for the future. These are considered to be revolutionary technologies which have the potential to alter the shape of the world and while they have been operating in isolation, Fetch.ai is a project that is working on unleashing the combined the potential of the both artificial intelligence and blockchains. The project is regarded as the artificial intelligence for blockchains and is designed to connect the internet of Thing devices with the algorithms of the blockchain world in order to facilitate a collective learning experience. The platform enables smart contracts to deploy AI/ML solutions in a decentralized manner for the real world.
What does the future have in store for FET?
The year 2021 has been regarded as one of the best for the cryptocurrency market. Cryptocurrencies have seen developments like never before which is why 2022 is expected to see the same pace of growth for the crypto market. Fetch.ai has a lot in store in terms of network developments. The first two quarters of 2022 have already been mapped out to be filled with activities and developments. During the first half of 2022, the project aims to reveal three applications that will portray the real use cases of the network. The applications are related to travel, social media and IoT.
The ecosystem of Fetch.ai will also see various developments. A governance proposal will be set in motion in the new year along with the deployment of the FET tokens on Cosmos and Osmosis. Moreover, a Mobix token bridge is also under the works. Fetch.ai is also focusing on its Collective Learning part and a CoLearn marketplace will be launched during the first two quarters. And finally, a decentralized data-sharing protocol will also be released.
