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How are the coins FET, ALEO, and SEI performing within the crypto market? Below, let’s take a look at an overview regarding their current and future prices and the latest news about them.
Summary
Growth of FET: token rally and implications of the artificial intelligence boom
The token of the Artificial Superintelligence Alliance (FET) has continued to register a significant growth for the third consecutive day, reaching its highest value since June.
On September 19, FET reached a peak of $1.5768, marking an increase of 127% compared to the month’s lows. This rise follows the bull trend observed in the cryptocurrency market, spurred by the recent interest rate cut by the Federal Reserve.
According to the data from Nansen, in the last 24 hours FET has recorded inflows of over 7.8 million dollars on centralized exchanges, an impressive increase compared to the previous average.
However, such a drastic increase in inflows to the exchanges may suggest that some investors are starting to liquidate their positions.
At the same time, the number of FET tokens held by “smart money” wallets has increased, reaching an annual high of 5.9 million tokens, with the number of wallets growing from 21 to 25 in just one month.
The trading volume of FET has exceeded 623 million dollars, the highest level since March, while the open interest in futures has reached 92 million dollars, the highest since June.
These data confirm a growing interest in FET, also driven by developments in the artificial intelligence sector.
The recent launch of AI tools by Alibaba and the expansion of OpenAI, with a valuation of 150 billion dollars, have further strengthened the positive sentiment around this token linked to artificial intelligence.
Coinbase adds ALEO: a new trading opportunity with experimental risks
Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has recently announced the inclusion of a new digital asset on its platform.
With the goal of consolidating its position as a leader in the cryptocurrency sector, Coinbase continues to expand its token offering to attract an increasingly broad user base.
In view of a potential market rally in the last quarter of the year, the exchange is moving to offer an increasingly diversified range of tradable assets.
The most recent addition to Coinbase is the token ALEO, which can now be traded on the platform.
This decision is part of Coinbase’s wider strategy to provide access to a broad portfolio of cryptocurrencies, including those that may be subject to more in-depth regulatory scrutiny.
ALEO is intended to expand trading options for users, although the exchange has warned about the asset’s volatility and suggested caution.
Investors are encouraged to carefully evaluate the risks associated with tokens labeled as “experimental,” a tag that indicates a high potential for price fluctuation.
The label “sperimentale” attributed to ALEO serves to signal to users that they might encounter significant fluctuations in the value of the token.
Coinbase has clarified that the trading of ALEO will begin gradually, pending the achievement of the necessary liquidity conditions.
Furthermore, some jurisdictional restrictions could limit access to this asset in certain regions, making it essential for investors to pay attention to local regulations.
Coinbase also plans to add Zetachain, another altcoin, further expanding its offering and demonstrating its commitment to providing an increasingly wide range of cryptocurrencies.
The performance of the crypto SEI in comparison with FET and ALEO
The cryptocurrency market is experiencing a new bullish momentum, with a significant increase in global market capitalization. At the moment, the overall market value stands at 2.15 trillion dollars, marking a 3.4% increase in the last 24 hours.
The trading volume has also seen a significant growth, with an increase of 24.02%, reaching 95.44 billion dollars. This suggests a renewed confidence from investors, who are actively returning to the market.
One of the protagonists of the day is the token Sei, which has recorded a remarkable performance. Currently, SEI is trading at around $0.3278, with an increase of 20.17% in the last 24 hours.
This increase is supported by positive technical signals, such as the surpassing of the Ichimoku cloud, a configuration of indicators that suggests an ongoing bull trend.
The breakout from the cloud zone indicates the possibility of a continuation of the positive trend, with investors seeming to bet on further gains.
Despite this, it is important to note that the volume oscillator signals a moderate interest from buyers. To confirm the strength of the bull movement, a sustained increase in trading volumes will be essential.
A drop below the Ichimoku cloud could put the current trend into question and invalidate the bull outlook.
In summary, while the overall market shows signs of recovery, SEI stands out for its solid performance, although it remains necessary to closely monitor volumes and technical signals to confirm the continuation of the positive trend.