- The Artificial Superintelligence Alliance (FET) has launched its native ASI token on the Cardano blockchain.
- Positive signals emerge from MACD, RSI, and EMA bands, suggesting potential price growth.
Artificial Superintelligence Alliance (FET) has been working on creating a new token called ASI.
Lately, on September 6th, 2024, over the Cardano blockchain, it announced the deployment of its native FET (ASI) token.
This is an effective collaboration between three top AI crypto tokens: SingularityNET, Fetch.ai, and Ocean Protocol.
— Artificial Superintelligence Alliance (@ASI_Alliance) September 6, 2024
The Artificial Superintelligence Alliance token’s market presence was robust, resulting in a dominance of 0.15%. The token’s market cap value was $2.86 Billion, which advanced 5.28% in the last 24 hours.
The FET crypto’s market cap ranked 27th per CoinMarketCap, and its traded volume value also advanced by 51.38%. This resulted in a traded value of $141.317 Million, which was 4.88% of the token’s market cap. Illustrating weaker liquidity in FET.
Security Score, And Other Monitored Aspects Of FET Crypto
FET token had an AA tier robust security score of 90.35, and the token’s global ranking in terms of security has been 92nd.
The FET’s market and financial health have been robust too, resulting in a score of 95.26/100, followed by a strong governance score of 96.05/100.
The token holders have reached a count of 104,569, and the graph has grown seamlessly. Per Certik’s data, 0.05% of the tokens are held by the 10 largest balance holders.
The X account was 6 years and 11 months old and has tweeted 8601 tweets so far. Its Twitter followers have surged by 122 more subscribers in the past day and reached the count of 234,094. This resulted in a score of 96.72/100, signifying the strong community.
The token’s GitHub account was 6 years and 2 months old and earned 1.2K stars from the developer community. This resulted in an excellent score of 97.72/100 per Certik Skynet for the token.
FET Price Technical Analysis
The FET price has endured a strong downtrend for a long time, followed by consistent sell-off from profit bookers in the last four months.
The following downtrend behavior of the FET token price led to the creation of a falling channel pattern and the price deteriorated by over 75% from the swing high of $3.4778.
On further glance into the most recent price action, the FET price has built a pullback situation from the last deflection from the 200-day EMA band.
The break out above the wedge pattern exhibited a strong bullish behavior. It might lead the FET price to further higher levels in the future once it gets past the 200-day EMA.
The FET price has taken support from the $1.00 mark and has pierced 20-day and 50-day EMA bands.
The MACD and the signal line were surging towards the northward trajectory that is above the zero line.
The RSI has simultaneously pierced the median line and 14-SMA line, which flashed at 53.70 at press time. This exhibited a strong behavior of the FET price.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.