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Home»ALTCOIN NEWS»Fetch is heading towards $2 as Harris acknowledges AI and cryptocurrency.
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Fetch is heading towards $2 as Harris acknowledges AI and cryptocurrency.

By Crypto FlexsSeptember 27, 20244 Mins Read
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Fetch is heading towards  as Harris acknowledges AI and cryptocurrency.
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  • Kamala Harris pledged support for cryptocurrencies and AI at a fundraiser in New York.
  • The AI ​​cryptocurrency sector grew 35% in a week, reaching nearly $3 billion in daily trading volume.
  • The revamped Fetch aims to add a fourth member to the ASI alliance.

The ongoing political debate between Kamala Harris and Donald Trump has reached the next level with the Democratic candidate championing the artificial intelligence (AI) and digital asset sectors during her fundraising campaign. Attempts to improve the relationship between Democrats and cryptocurrencies have already paid off, with some AI cryptocurrency tokens seeing double-digit gains.

The $30 billion AI cryptocurrency district is flashing green this week, up 35% in seven days, with Bittensor (TAO) being the top gainer with a weekly gain of 88%. The two largest cryptocurrencies in the sector, Fetch.AI (FET) and Near Protocol (NEAR), also posted gains of nearly 30%.

Prime setup for Fetch price to rise above $2?

As U.S. candidates continue their efforts to turn out cryptocurrency voters, the Alliance for Artificial Superintelligence (ASI) is emerging as a major merger in the AI ​​market.

To bring it. AI (FET) price is soaring to its highest point in a month, and macro analysts believe that the next few days will be a checkpoint for FET to hit $2.

$FET

I love this chart. Everything is lining up for further upside. There is deviation + bottom recovery. A perfect retest breaks the trend line. Now we are back to $1.50 per day in acreage. That’s two dollars of time. pic.twitter.com/zevpkMJ36b

— Morani (@investormorani) September 24, 2024

Fetch, Ocean Protocol, and SingularityNET merged to form the Artificial Superintelligence Alliance (ASI). Although it was initially supposed to use ASI as the new ticker, the merged altcoin is still traded as FET on most cryptocurrency platforms. Additionally, the Artificial Superintelligence Alliance may welcome its fourth member, the CUDOS network.

How the CUDOS Network Plans to Benefit the Alliance

The CUDOS proposal is still being voted on and has been open since early September 2024. Once membership is granted, CUDOS provides cloud computing resources to help ASIs manage large-scale AI workloads in a cost-effective manner. Once approved, CUDOS tokens will be merged at a FET 112 to 1 ratio after taking into account a one-time 5% merge fee.

If you bring it. AI (FET) has actually regained its $2 price target, which would return the alliance to June 7, 2024 levels, when FET’s global market cap was consistently above $5 billion. Currently, the market capitalization of Artificial Superintelligence Alliance is $4,269,129,310, with a return of 677% over a 365-day period. Meanwhile, the potential for continued strength continues to grow due to Fetch.AI’s (FET) bullish Chaikin Money Flow (CMF) index.

CMF, sitting at 0.21 on the Artificial Superintelligence Alliance (ASI) daily price chart, sees positive net flows, which are likely to be strengthened by key players returning and accumulating new positions. At press time, Fetch.AI (FET) is trading at $1.69, with a 2% daily gain, according to cryptocurrency price aggregator CoinGecko.

On the flip side

  • that vote CUDOS’s integration into the Artificial Superintelligence Alliance (ASI) closes today and is likely to be approved despite the initial drop in CUDOS price when the proposed merger was launched.
  • Over 95% of voters approved Cudos Network to join the ASI Alliance, with both sides cheering the move to introduce thousands of GPUs to solidify the Alliance’s position as a leader in AI and cryptocurrency.

Why This Matters

The positive market response signals growing optimism about the future of AI-based cryptocurrency tokens under favorable regulatory conditions.

Check out DailyCoin’s top cryptocurrency news:
Kraken Accelerates European Expansion with Acquisition of Coin Meester BV
Have Bitcoiners Finally Beat BlackRock’s Larry Fink?

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