Can Fetch.AI Break the $2 Barrier Soon?
In a recent New York fundraiser, Kamala Harris, the U.S. Vice President and Democratic candidate, emphasized her support for the rapidly growing sectors of Artificial Intelligence (AI) and digital assets. Harris's stance on these emerging technologies marks a key moment in her campaign, aiming to bridge the gap between the Democratic Party and the crypto community.
AI Crypto Market Sees Significant Growth
Harris's support appears to have coincided with a boom in the AI-focused cryptocurrency sector, which has seen a 35% growth in just one week. The AI crypto space is now approaching $3 billion in daily trading volume, a clear signal of its increasing relevance. Leading this surge is Bittensor (TAO), boasting an 88% rise in weekly gains, while Fetch.AI (FET) and Near Protocol (NEAR) have each risen by nearly 30%.
This robust growth has drawn attention not just from crypto investors but also political figures who recognize the potential impact these technologies could have on both the economy and future elections.
Fetch.AI's Rally and Potential for Further Gains
As the political and technological landscape shifts, Fetch.AI (FET) is emerging as one of the key players in the AI crypto space. With its price reaching new heights, analysts predict FET could rally beyond the $2 mark in the near future. The increased attention from Harris's campaign and the overall rise in AI-related interest has placed FET in a prime position for further growth.
A significant factor behind Fetch.AI's momentum is its involvement in the Artificial Superintelligence Alliance (ASI), a merger of AI-driven cryptocurrencies including Fetch.AI, Ocean Protocol, and SingularityNET. This collaboration aims to harness the collective power of these platforms to push the boundaries of AI innovation.
A New Addition to the ASI: CUDOS Network
The ASI alliance may soon welcome a fourth member: the CUDOS network. A proposal is currently being voted on, which, if approved, would integrate CUDOS into the alliance. CUDOS brings with it cloud computing resources, which could play a pivotal role in enhancing the alliance’s ability to manage large-scale AI workloads efficiently.
If CUDOS joins the alliance, its token will be merged into FET at a rate of 112 to 1, after applying a one-time 5% merger fee. This merger could further strengthen Fetch.AI's position in the market, boosting its price and expanding the overall capabilities of the ASI.
A Promising Future for AI and Crypto
Kamala Harris's open endorsement of AI and crypto is a strong indication of the growing importance of these sectors, not only in technology but also in politics. As the AI crypto market continues to thrive, and with potential new alliances forming, investors and political stakeholders alike are keeping a close eye on developments.
With Fetch.AI leading the charge and the possibility of CUDOS joining the ASI, the future looks bright for AI-powered cryptocurrencies. For those interested in price predictions and the latest trends, this may be the perfect time to delve deeper into the potential of Fetch.AI and its associated networks.
Click Here to Read Fetch.AI Price Prediction
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