cryptopolitan.com
Artificial Superintelligence Alliance ($FET) emerged as one of the biggest gainers over the last week, outperforming the biggest cryptos like Bitcoin (BTC), Solana (SOL) and TRON (TRX). $FET price has surged by more than 70% in the last 7 days.
$FET price recent spike comes in as Fetch.ai is launching an Innovation Lab in San Francisco, California to push the boundaries of AI technology. It is expected to be a playground for early-stage startups developing AI agent solutions.
$FET jumps 7% in 24 hours
Recovering from the heavy selling pressure, $FET managed to get back on track posting the biggest gains among the top AI cryptos. Artificial Superintelligence Alliance price is up by over 6% in the last 30 days while Near Protocol ($NEAR) and Internet Computer ($ICP) have taken a hit of 14% each.
$FET added another 7% of gains in the last 24 hours. On the other hand, $NEAR and $ICP printed red indexes despite registering a 25% and 18% jump over the past 7 days. $FET is trading at an average price of $1.35, at the press time. Its 24 hour trading volume is up by 40% to stand at $293 million.
Whale regrets early load-off
As per the data shared by Lookonchain, a crypto whale seems to be reconsidering its position over $FET price. The whale regretted its selling decision and spent 2.38 million $USDT in order to buy 1.79 million $FET tokens from Binance and that too at a much higher price.
The whale made the recent accumulation at the average price of $1.33, while, it sold 2.33 million of its $FET holdings for 2.385 million $USDT at a lower price of $1.02 from August 11 to August 23. $FET is up by 70% in the past 7 days.
Fetch.ai announced of creating the launch of its Innovation Lab in San Francisco. It is setting aside $10 million annually to help startups build on their platform. It is reportedly planning to invest up to $1 million per project. They’re also rolling out an internship incubator for those eager to dive into decentralized tech, AI, and machine learning. With the AI agent market set to hit $88.1 billion by 2032, Fetch.ai is moving ahead to gain an advantage in the market.