Fetch.ai Price Overview
The current Fetch.ai price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Fetch.ai is based on a market capitalization of EUR. Fetch.ai has a circulating supply of . The highest recorded Fetch.ai price is EUR. And the lowest recorded FET price is EUR.
How do Fetch.ai price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Launched in 2017 by a Cambridge-based team, Fetch.ai introduces artificial intelligence to blockchains. The project is building an open-access, tokenized, decentralized machine learning network of software agents based on distributed ledger technology to facilitate a decentralized digital economy. The technology has a range of use cases, including the restructuring of trading, public transport, and the gig economy.
FET is the ecosystem’s utility token and can be used to build, deploy, and train autonomous economic agents, as well as paying for transactions, smart contracts, and oracles. Since joining the crypto market, the price of FET has seen significant change and if you want to know why then you’ve come to the right place. We’ve compiled everything you need in order to get a better understanding of FET price – as well as the factors which influence it.
Fetch.ai Price History
Following an initial coin offering in February 2019, FET began trading at the end of the month at about $0.42. After trading as high as $0.55 on its first day, prices quickly began to decline, hitting a low of $0.08 in May. A brief surge took FET up to $0.35 later that month, but prices soon fell again and FET reached $0.04 in September. The token was still trading around this price by the end of the year, meaning a loss of 91% since launch.
There was little price change in January 2020, but the start of February saw FET head towards $0.06. The rally didn’t last long, however, and prices bottomed out at $0.007 in March following a crash of more than 60% during a single day. The next four months brought steady gains which helped FET reclaim $0.04, before the growth became steeper in July, culminating in a peak of $0.19 in August. Prices swiftly halved in the next few days and continued to fall to a low of $0.03 in November. FET then improved slightly to a price of $0.05 at the end of the year.
At the start of 2021, the bulls prevailed and prices doubled in January. February saw FET reach $0.34 before pulling back to $0.17. The growth was even sharper in March and the token surged to its all-time high of $0.91 at the end of the month, by which time the Fetch.ai market cap had surpassed $600 million. Prices immediately crashed after the peak and reached a low of $0.33 in April. Increased buying pressure at the end of the month carried FET up to over $0.70 at the start of May before more losses occurred. Prices hit a low of $0.17 that month, a few days after a single-day crash of more than 50%. There was bit of a rebound at the end of May, so FET was back to $0.33 by the start of June.
Analyzing Fetch.ai Price History
Fetch.ai price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With FET, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Fetch.ai raised $21 million in its ICO and the project has a range of partnerships with technology and blockchain titans, including Bosch, Binance, T-Labs, Ankr, and Blockchain for Europe. The team brings together entrepreneurs, developers, and scientists with many years of experience in crypto and AI. These could potentially be good signs for the fundamental Fetch.ai value.
Broader market trends have also played a role in the price history of FET. Its surge early in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
FET’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.
The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.
The overall price trend of FET tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of Fetch.ai (FET)
A variety of different things can affect the market price of FET, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.
FET has a capped max supply of 1,152,997,575 tokens, making it a scarce asset, like Bitcoin, and so potentially a good store of value in the long term. Tokens will be released gradually over a period of several years, and once all tokens are in the circulating supply, any increase in demand will lead to a price rise.
Demand for FET may be driven in part by staking. Those who help secure the network through staking can earn rewards of 10% APY and participate in future FET network tokens. Staked tokens effectively lower the circulating supply and the chance to earn passive income could incentivize more people to buy FET for staking.
FET is also used to build and deploy autonomous economic agents to the network and access machine learning-based utilities to train them. Demand for FET should therefore rise with the number of developers building on the network and the number of agents being deployed. The technology has a wide range of potential use cases and developments that drive adoption such as future partnerships and the roll out of applications could lead to a rise in FET price.
Live Fetch.ai Value and Market Cap
The market price of FET varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Given FET’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Fetch.ai is equal to the Fetch coin price multiplied by the number of FET in the circulating supply.
Fetch.ai Price FAQ
What Is the Highest Price of Fetch.ai in EUR?
Fetch.ai price history shows that FET has recorded a peak value of EUR.
What Is the Lowest Price of Fetch.ai in EUR?
Kriptomat data confirms that EUR is the lowest recorded Fetch.ai value.
How Can I Buy Fetch.ai?
There’s no need to consult an expert to tell you how to buy Fetch.ai. It’s fast and easy to buy FET at Kriptomat. Fetch.ai is available for immediate purchase at the current FET price quote of EUR. Current prices are always displayed in the FET chart.
What Is the Current Price of Fetch.ai in EUR?
Fetch.ai is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of FET calculated?
FET’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying FET than selling it, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of FET different on each cryptocurrency exchange?
FET’s price is based purely on trading as there is no standard global Fetch.ai price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will FET be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of FET. However, as FET is required to deploy agent-based systems in the open economic framework, future partnerships that drive adoption could potentially boost FET coin price.
The price of FET has changed significantly since it joined the crypto market, going from lows of under $0.01 to highs of over $0.90. Its journey hasn’t been smooth, however, as FET’s volatility has led to plenty of surges and crashes along the way.
Many different factors have played a role in determining the price of FET, including demand from stakers, the number of autonomous economic agents being deployed and trained on the network, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Fetch.ai and cryptocurrencies!