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Highlights
- Fetch.ai is a decentralized platform, which aims to connect the Internet of Things (IoT) to enable secure sharing and transactions based on global data.
- Powered by Ethereum blockchain network, FET crypto can provide a real-time solution in a quicker, efficient, and secured manner.
- The 160th ranked crypto was trading at US$0.467411 with a trading volume of US$24,217,896.
Fetch.ai is (FET) a decentralized platform, which aims to connect the Internet of Things (IoT) to enable secure sharing and transactions based on global data. The Cambridge-based project is built on a throughput shard ledger that offers smart contract capabilities, which enables firms to deploy machine learning, AI to provide solutions to complex issues related to the modern economy.
Fetch.ai has been one of the flagbearers in the IoT space disrupting industries, such as ecommerce, logistics etc. Recently, Fetch.ai collaborated with MyConstant team to offer DeFi solutions to its ecosystem.
Co-founded by Humayun Sheikh in 2017, the FET crypto gained massive traction following the Binance listing in 2019 and since then it had managed to list on to other exchanges such as Coinbase, eToro, Crypto.com, etc.
Also read: Why is Immutable X (IMX) trending today?
Catching the eye of investors
Besides the utility factor, the FET crypto has managed to gain attention due to the benefits it offers across its platform. With its simple deployment of autonomous agent, it fulfills the economic goals through strategy, communication, and the exchange of value.
The developers can train autonomous agents by accessing machine-learning based utilities by making transaction using the FET tokens. Validation nodes enable the staking of FET tokens, which in turn help the users to earn passive income.
How is FET crypto faring in the market?
The 160th ranked crypto was trading at US$0.467411 with a trading volume of US$24,217,896. After having a good weekend, the FET crypto on Monday is witnessing red and is down by 5.73% in the past day. The volume activity, which saw a decent spike, was back to ground and was down by 2.82% in the past 24 hours with a live market cap of US$348,741,994 and a supply of 746,113,681 FET coins.
Also read: Is UK’s CBDC as good as shelved?
Following four-level operations, the FET is among one of the top IoT blockchain-based solution provider which is taking round in market. As an open economic framework allows the users to work as discovery agents, which allows new networks to be searched. The Fetch.ai Blockchain also uses complex cryptography techniques which provides a secure and a rapid solution to its problems.
FET crypto does have the right tokenomics to strengthen its position in the market at the moment. Just going by the conversations on Twitter at present, the investors are expecting a bullish run. With FET already laying out the roadmap for the Q1 & Q2 2022, one can expect some announcements, which could further strengthen the userbase.
