Why is Fetch.ai (FET) crypto gaining attention?

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 Why is Fetch.ai (FET) crypto gaining attention?
Image source: © Alexanderushkevich | Megapixl.com
  • ai is an AI lab creating a permissionless, decentralized machine learning network.
  • One can trade the token on crypto exchanges such as HitBTC, BiKi, etc.
  • The token’s highest price in the last 30 days was US$0.2015.

The Fetch.ai (FET) crypto was up over 3% on June 9, following its listing on the Binance US crypto exchange. However, its trading volume declined about 58% in the last 24 hours.

Fetch.ai is participating in CoinDesk’s Consensus 2022 crypto event in Austin from June 9-12. It will host a two-day product and demo workshop for developers at the event.

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What is Fetch.ai (FET) crypto?

Fetch.ai is artificial intelligence (AI) lab creating an open, permissionless, decentralized machine-learning network for the crypto economy. It provides users with AI technology and a permissionless network to access secured datasets.

Datasets are critical to optimizing DeFi trading solutions, transportation networks, and smart energy grids. The network was founded by Toby Simpson, Humayun Sheikh, and Thomas Hain.

Also Read: Is LTO Network (LTO) crypto rising after Binance US listing?

Its utility token FET is designed to create and deploy digital twins on the network. It enables users to create digital twins. The token is vital to the platform’s smart contracts and oracles.

Developers can access the machine-learning utilities by paying in FET tokens.

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Fetch.ai on Thursday said that its token was listed on the Binance US exchange, adding that deposits are already allowed, but trading will start at 8 am ET on June 10.

The token can be traded on exchanges like HitBTC, BiKi, BiOne, etc.

Also Read: Why is WOO Network (WOO) crypto generating interest?

Why is Fetch.ai (FET) crypto gaining attention?Data Source: CoinMarketCap.com

Bottom line:

The FET token was priced at US$0.1583 at 11:55 am ET on June 9, up 3.13%, while its volume for the trailing 24 hours fell 58.45% to US$16.47 million. It has a market cap of US$118.10 million, and its fully diluted market cap is US$182.51 million.

The token has a maximum supply of 1.152 billion, a total supply of 1.151 billion, and its current circulating supply is over 746.11 million. It returned gains of 1.79% in the last seven days. Its highest price was US$0.2015, and the lowest price was US$0.1253 in the last 30 days.

Also Read: Why Heartcore Enterprises (HTCR) stock surged over 170%?

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