• FET’s price has dropped significantly but its merger with other AI projects offers future potential.
• Technical indicators suggest the dip may be temporary and FET could be oversold.
• The upcoming ASI Phase 2 development could boost FET’s price in the long run.

Artificial Superintelligence (FET) has plunged a whopping 12.28% amid a broader crypto market crash. Notably, the digital asset sector is eyeing higher prices for the altcoin after the merger between SingularityNET, Fetch.ai, and Ocean Protocol was finalized in July.

As per the data from CoinMarketCap, FET has a market capitalization of $2.1 billion and is ranked as the 33rd largest digital asset in the crypto space. The 24-hour trading volume of the altcoin stands at $101 million, and the cryptocurrency dropped from a high of $0.9196 to $0.84.

Artificial Superintelligence is expected to print big gains once the market resumes uptrend and as per the chart provided by TradingView below, the token is up 316.27% since August 2023. 

As seen from the daily chart above, FET price action has been following a downtrend for quite a while, and the digital asset has declined more than 25% in the past one …

The post Don’t Panic Sell FET: Here’s Why the Dip Could Be Temporary appeared first on Coin Edition.

• FET’s price has dropped significantly but its merger with other AI projects offers future potential.
• Technical indicators suggest the dip may be temporary and FET could be oversold.
• The upcoming ASI Phase 2 development could boost FET’s price in the long run.

Artificial Superintelligence (FET) has plunged a whopping 12.28% amid a broader crypto market crash. Notably, the digital asset sector is eyeing higher prices for the altcoin after the merger between SingularityNET, Fetch.ai, and Ocean Protocol was finalized in July.

As per the data from CoinMarketCap, FET has a market capitalization of $2.1 billion and is ranked as the 33rd largest digital asset in the crypto space. The 24-hour trading volume of the altcoin stands at $101 million, and the cryptocurrency dropped from a high of $0.9196 to $0.84.

Artificial Superintelligence is expected to print big gains once the market resumes uptrend and as per the chart provided by TradingView below, the token is up 316.27% since August 2023. 

As seen from the daily chart above, FET price action has been following a downtrend for quite a while, and the digital asset has declined more than 25% in the past one …

The post Don’t Panic Sell FET: Here’s Why the Dip Could Be Temporary appeared first on Coin Edition.