Fetch.ai Price Soars: Up 22% This Week and 425% YTD!

• Microsoft recently invested $10 billion in OpenAI, causing investor interest in the Artificial Intelligence (AI) space to increase.
• Fetch.ai’s native token FET has been performing well since then and is currently hovering around $0.4730 after rallying 7% in the past 24 hours.
• JP Morgan recently revealed that investors, especially institutional, see AI shaping the trading industry in the future and investors may find AI-related coins, including Fetch.ai, to be viable alternatives for long-term value growth.

Microsoft’s Investment Sparks Interest in AI Space

Microsoft recently made a big bet on Artificial Intelligence (AI) by investing $10 billion into OpenAI with hopes of being among the first to benefit from AI’s features for its consumer products like Microsoft Teams and Azure. This investment has caused increased investor interest in the AI space resulting in improved performance of several cryptocurrencies related to this technology including Fetch.ai’s native token FET which has risen more than 425% year-to-date.

Fetch.ai Price Bounces Back Above $0.47

At the time of writing, Feitch.ai’s native token FET is hovering around $0.4730 after rallying 7% in the past 24 hours and up 22% over the past week with a 24-hour trading volume of approximately $190 million and a live market cap of $388 million making it stand #108 on the CoinMarketCap ranking.

JP Morgan Forecasts Future Impact of AI

A recent report by JP Morgan, one of America’s biggest investment banks, revealed that investors are expecting AI to shape the trading industry significantly in future as big companies rush to implement features into their existing and new products such as Chrome where Google is working on integrating AI features into its service offering.

Bulls Eye 53% Gains To $0.72

The Fetch price has broken out from a bullish flag formation leading many analysts to believe that it could soon hit target levels of up to 53%. The immediate resistance level lies at $0.4755 which if cleared could open up a path for prices for rise toward target levels set at about $0.7275 representing an impressive 53% gain from current levels according to technical analysis readings from daily chart patterns..


Investors interested in gaining exposure to Artificial Intelligence related projects can turn their attention towards cryptocurrencies such as fetch which have seen impressive gains over recent times due largely enthusiasm sparked by major investments such as Microsoft’s foray into OpenAI with plans integrated various products with AI capabilities coupled with forecasts from JP Morgan regarding how significant impact this technology will have on trading industries moving forward making these cryptos viable long term investment options worth considering..