FET stands for Artificial Superintelligence Alliance, this has been point in the cryptocurrency market, meaning that more and more people are getting interested in the use of blockchain technology in AI projects. As of now, FET is at $1. 31, marking an 8. 11% higher in the last twenty four hours. This upward movement is indicative of the interest investors have for this particular cryptocurrency especially those who are investing on the artificial intelligence and blockchain.
As of the date of writing, the value of FET’s market capitalization is estimated to be at approximately $3. 30 billion, a 7. 50% growth, which ranked it 27th in market cap among all the cryptocurrencies. Such a large round of funding accentuates the market’s confidence in the capability of FET in-transforming industries through its AI solutions. Because AI is becoming more significant in a variety of industries, FET has had a favorable market owing to its position as an industry leader.
Now the trading volume for FET is $289 in the past 24 hours. 02 million that had been recorded in the previous year and which in fact showed an increase of about 36. 17% increase. This means that the market offered for FET is highly active, hence the high number of trading activities recorded by the market. The Volume/Market Cap ratio is 8 which calls for more trading of stocks relative to the overall market capitalization of the company. 75% suggest that a large chunk of FET’s market value is interchangeable a situation that is usually associated with existing high market liquidity and active trading public.
Currently the circulating supply of FET is $2. 52 billion tokens are currently in circulation within The Chromia ecosystem; 95%. ,it is equipped with a minimum of 80%, of its total circulating supply of 2. 63 billion FET. Every token has a high circulation rate which implies that most of the tokens are already in circulation in the hands of investors, hence, limiting oversupply and floored prices when the project grows and matures. Because of the fact that there is an overall hard ceiling of 2 on FET’s maximum supply. outstanding tokens which stands at 63 billion, and this means that there will be no more tokens created, this will help in giving a sort of stability regarding token circulation.
The indicated market capitalization of FET amounts to around $3 on fully diluted basis. 43 billion tokens if it is calculated by the total market capitalization which means that all tokens will be in circulation. This figure is in a relativity to the current market cap, indicating that there is rarity of inflationary pressure which may feel long-time shareholders.
Similarly, as FET centers on artificial superintelligence and applies the same to focuses on blockchain – the company is well-positioned within the cryptocurrency realm. The AI continues to increasingly become part of daily life, and thus AI solutions are expected to be sought on decentralized platforms. Given the role played by FET in supporting these solutions especially through FET’s alliance, this can be a project that has the capability to grow.
This can be attributed to rising interest in the technology as well as an upward trend on the price of Cran as recent as November this year when the price per token increased from $0. 0029 to $0. 0036, while the trading volume also rose by 23. People are beginning to discover the importance of integrating AI with blockchain to form much improved networks. Indeed, FET’s performance in the market is consistent with this trend and it is living up to expectations through technological advancement and partnership.
But, as with every still evolving technology FET has its drawbacks: the project competes with other AI and blockchain projects, it has to deal with the authorities, and creating AI-based applications for FET is going to be technically challenging. The success of FET will be defined by this company’s capacity to manage these threats and sustain innovation in the sphere, which is characterized by constant shifts in terms of artificial intelligence and blockchain solutions.
To summarize, AI is in high demand and Artificial Superintelligence Alliance (FET) is a cryptocurrency that is leveraging on that popularity while incorporating the use of block chain. Be it a high market capitalization, high float, or focus on AI solutions, FET has what it takes to harness the future’s growing need for superior technology. With the passage of time and development of this project, the most important thing is the growth of the Project’s activity and success in achieving its mission and goals.
