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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Home
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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Home Altcoins

Fetch.ai rises 30% in 24 Hours: What’s behind the surge?

June 20, 2024
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Fetch.ai rises 30% in 24 Hours: What’s behind the surge?
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  • FET’s price has rallied by 30% in the past 24 hours.
  • Despite this, token holders continue to record losses.

Fetch.ai [FET] has recorded a 30% price surge in the past 24 hours, to lead as the cryptocurrency asset with the most gains during that period. As of this writing, the artificial intelligence-based token exchanged hands at a seven-day high of $1.61.

FET’s double-digit rally follows Nvidia [NVDA], a leading AI chipmaker, becoming the world’s most valuable company. 

On 18th June, it surpassed Microsoft (MSFT) to become the world’s most valuable company, just two weeks after overtaking Apple (AAPL) for the second position.

Fetch.ai is the talk of the town

FET’s performance in the past 24 hours has led to an uptick in its social dominance, data from Santiment showed. At press time, FET’s social dominance was 0.96%, a level last observed in March.

Fetch Social Dominance

Source: Santiment

An asset’s social dominance measures its share of online discussions that mention it relative to the total discussions about the top 100 cryptocurrencies by market capitalization.

When it rises like this, it means that discussions about the asset in question form a significant part of the overall conversations happening in the crypto market compared to before.

FET’s social dominance indicates that, as of this writing, 0.96% of all online discussions about the top 100 cryptocurrencies by market capitalization specifically mention it.

This has also led to a spike in the token’s trading volume. In the last 24 hours, FET’s trading volume has totaled $377 million, rising by 92%

Interestingly, despite the double-digit surge in FET’s value and its social dominance climbing to a multi-month high, its holders have failed to record profits on their transactions.

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AMBCrypto assessed the daily ratio of FET’s transaction volume in profit to loss and found that on 19 June, this was 0.98. At press time, it was 0.38. Assessed on a 30-day moving average, the metric’s value was 0.73.

Fetch daily ratio of transaction volume in profit to loss

Source: Santiment


Read Fetch.ai [FET] Price Prediction 2024-25


This suggested that in the past 30 days, for every FET transaction that ended in a loss, only 0.73 transactions returned a profit.

It suggests that FET holders have recorded more losses than they have seen profit in the past 30 days, and the current price surge has not changed that.

Previous: Ethereum: Is $4k close as SEC changes its stance on ETH?
Next: Bitcoin: Analyst predicts a drop to $54k – Time to cash out?

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • FET’s price has rallied by 30% in the past 24 hours.
  • Despite this, token holders continue to record losses.

Fetch.ai [FET] has recorded a 30% price surge in the past 24 hours, to lead as the cryptocurrency asset with the most gains during that period. As of this writing, the artificial intelligence-based token exchanged hands at a seven-day high of $1.61.

FET’s double-digit rally follows Nvidia [NVDA], a leading AI chipmaker, becoming the world’s most valuable company. 

On 18th June, it surpassed Microsoft (MSFT) to become the world’s most valuable company, just two weeks after overtaking Apple (AAPL) for the second position.

Fetch.ai is the talk of the town

FET’s performance in the past 24 hours has led to an uptick in its social dominance, data from Santiment showed. At press time, FET’s social dominance was 0.96%, a level last observed in March.

Fetch Social Dominance

Source: Santiment

An asset’s social dominance measures its share of online discussions that mention it relative to the total discussions about the top 100 cryptocurrencies by market capitalization.

See also  Bitcoin Miners Brace for 4th Consecutive Difficulty Surge Amidst Hashrate Surge

When it rises like this, it means that discussions about the asset in question form a significant part of the overall conversations happening in the crypto market compared to before.

FET’s social dominance indicates that, as of this writing, 0.96% of all online discussions about the top 100 cryptocurrencies by market capitalization specifically mention it.

This has also led to a spike in the token’s trading volume. In the last 24 hours, FET’s trading volume has totaled $377 million, rising by 92%

Interestingly, despite the double-digit surge in FET’s value and its social dominance climbing to a multi-month high, its holders have failed to record profits on their transactions.

AMBCrypto assessed the daily ratio of FET’s transaction volume in profit to loss and found that on 19 June, this was 0.98. At press time, it was 0.38. Assessed on a 30-day moving average, the metric’s value was 0.73.

Fetch daily ratio of transaction volume in profit to loss

Source: Santiment


Read Fetch.ai [FET] Price Prediction 2024-25


This suggested that in the past 30 days, for every FET transaction that ended in a loss, only 0.73 transactions returned a profit.

It suggests that FET holders have recorded more losses than they have seen profit in the past 30 days, and the current price surge has not changed that.

Previous: Ethereum: Is $4k close as SEC changes its stance on ETH?
Next: Bitcoin: Analyst predicts a drop to $54k – Time to cash out?
Tags: Fetch.aihoursRisesSurgeWhats

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

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Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

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UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

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Blockchain applications in music explored in South Korean study

Blockchain applications in music explored in South Korean study

February 6, 2024
Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025

Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025

March 26, 2024
Modular AI Blockchain 0G Unveils Testnet Newton v2

Modular AI Blockchain 0G Unveils Testnet Newton v2

June 11, 2024
BTC Miner Cipher Expands Texas Operations With 100 MW Data Center

BTC Miner Cipher Expands Texas Operations With 100 MW Data Center

November 27, 2024

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