Boom! Why Did FET Token Suddenly Explode 360%?


"Whoever bought the FET token must be happy, have you already felt the profit or are you still holding?"

Since 2023, the FET cryptocurrency founded by Fetch.AI saw a 360% climb as its price finally managed to climb from $0.6 to an all-time high of $2.84 which was partially fueled by the v0.17 update in early February 2024.

To be clear, the recent rise in FET prices was first driven by the overall bullish crypto market, but then sparked by Fetch.AI acquiring advanced GPUs following a $100 million infrastructure investment.

Fetch.AI is a Cosmos-based crypto artificial intelligence (AI) project that plans to invest $100 million in an infrastructure initiative known as Fetch Compute to increase resources, computing capacity and training opportunities for developers while offering GPU credits for users.

According to the official announcement, Fetch Compute will integrate Nvidia H200, H100 and A100 GPUs to create a platform accessible to developers and users for computing needs.

Pleased to be informed that German multinational engineering giant Bosch entered into an agreement with Fetch.AI to introduce new assets focused on driving industry adoption of software agents, AI and Web3 technologies last year.

The new entity called Fetch AI Foundation will prioritize research, development and promotion of practical applications including the use of agents across various sectors.

Not only that, crypto derivative and copy trading platform Bitget also pledged $10 million for the development of the Fetch.AI ecosystem and at the same time announced its intention to offer various services in the AI laboratory including marketing consulting and strategic direction.

As of this writing, the price of FET trading at $2.48 has plunged a little 5.55% in the last 24 hours with a market cap of $2 billion but still recorded a jump of 57.70% over the last week.