{"id":638317,"date":"2024-08-28T22:00:33","date_gmt":"2024-08-28T22:00:33","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=638317"},"modified":"2024-08-28T14:08:19","modified_gmt":"2024-08-28T14:08:19","slug":"fet-on-chain-development-fuels-44-surge-in-just-a-week","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/fet-on-chain-development-fuels-44-surge-in-just-a-week\/","title":{"rendered":"FET: On-Chain Development Fuels 44% Surge In Just A Week"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Arfiticial Superintelligence Alliance (FET) continues to gain ground against the bears despite the current market environment that encourages selling rather than accumulation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to figures by CoinGecko, the token rose by 44% since last week making FET one of the market\u2019s top gainers. This bullishness can be attributed to the recent developments that occurred on-chain.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/new-memecoin-popcat-claws-its-way-up-dominates-top-100-cryptos-with-62-rally\/\" target=\"_blank\" rel=\"noopener \">New Memecoin Popcat Claws Its Way Up, Dominates Top 100 Cryptos With 62% Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">FET has launched the Innovations Lab which will assist the organization in furthering its goals of supporting startups that are artificial intelligence-focused. Once the program matures, we might see its effects on FET.\u00a0<\/span><\/p>\n<figure id=\"attachment_638360\" aria-describedby=\"caption-attachment-638360\" style=\"width: 639px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-638360 size-full\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_872a4d.png?resize=639%2C303\" alt=\"\" width=\"639\" height=\"303\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_872a4d.png?w=639 639w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_872a4d.png?w=460 460w\" sizes=\"(max-width: 639px) 100vw, 639px\"><figcaption id=\"caption-attachment-638360\" class=\"wp-caption-text\">FET up in the last week. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/artificial-superintelligence-alliance\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<h2><strong>Innovation Lab To Allocate $10 Million To Support AI Startups<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">According to the official <\/span><a href=\"https:\/\/fetch.ai\/blog\/fetch-ai-launches-innovation-lab-in-san-francisco-to-propel-ai-advancements\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">blog post<\/span><\/a><span style=\"font-weight: 400\">, the newly launched San Francisco-based Innovation Lab will be used as a \u201ccatalyst for developing AI agent solutions that deliver tangible value to businesses and consumers worldwide.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To achieve this goal, the Lab will allocate over $10 million annually to fund projects focused on AI. The Innovation Lab will have three pillars that will help achieve its goals: the Startup Accelerator, the Ambassador Innovator Club, and the Internship Incubator Program.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For now, the organization seems to be focused on gaining members of the Ambassador Innovator Club for the Lab.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/7LOqkz8t\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">FET market cap currently at $3.2 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Fetch.ai recently shared some info about the <\/span><a href=\"https:\/\/x.com\/Fetch_ai\/status\/35751728\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Innovation Lab<\/span><\/a><span style=\"font-weight: 400\">. It said the upcoming members of the club will have exclusive access to resources and support for their projects and many other benefits.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of writing, Fetch is still looking for members with no official announcement yet.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">After the launch of the <a href=\"https:\/\/t.co\/kJ9URVpOul\" rel=\"nofollow\">https:\/\/t.co\/kJ9URVpOul<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Innovation?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Innovation<\/a> Lab, we thought we\u2019d break down what it\u2019s all about.\ud83d\udc47<\/p>\n<p>The lab is focused on 3 pillars.<\/p>\n<p>The first is the <a href=\"https:\/\/t.co\/kJ9URVpOul\" rel=\"nofollow\">https:\/\/t.co\/kJ9URVpOul<\/a> Ambassador Innovator Club. (1\/8) <a href=\"https:\/\/t.co\/1Ub7RejRCw\" rel=\"nofollow\">pic.twitter.com\/1Ub7RejRCw<\/a><\/p>\n<p>\u2014 Fetch.ai (@Fetch_ai) <a href=\"https:\/\/twitter.com\/Fetch_ai\/status\/35751728?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 26, 2024<\/a><\/p><\/blockquote>\n<h2><strong>FET Trading At Narrow Range Facing Possible Pain Short-Term<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As of press time, FET continues to trade at a narrow trading range between $1.2 and $1.3 which was made possible by the general market bearishness that bled into FET\u2019s market. This will deter any attempt by the bulls to recover any ground above $1.3 in the short term.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-638377\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_9655aa.png?resize=560%2C253\" alt=\"\" width=\"560\" height=\"253\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_9655aa.png?w=560 560w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/a_9655aa.png?w=460 460w\" sizes=\"(max-width: 560px) 100vw, 560px\"><\/p>\n<p><span style=\"font-weight: 400\">With the token\u2019s rejection on $1.3 and the subsequent rejection of the bears on $1.2, FET will continue this price movement in the coming weeks as the market might continue to be bearish within the coming days. Any bullish change within the market\u2019s environment will offset the bear\u2019s momentum, potentially opening the door towards $1.5.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, investors and traders should be cautious of FET\u2019s relative strength index which shows the bulls are exhausted in the short term. This means investors and traders should expect slight pain within the short and medium term, with FET dropping $1.1.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/floki-bullish-breakout-ignites-could-a-96-surge-be-next\/\" target=\"_blank\" rel=\"noopener \">Floki Bullish Breakout Ignites: Could A 96% Surge Be Next?<\/a><\/div>\n<p><span style=\"font-weight: 400\">But the bulls should have enough leftover momentum. As the Innovation Lab matures and bears good fruit, investors and traders can expect the token to stabilize on its current trading range before attempting to breach $1.3 and then $1.5 in the long term.\u00a0<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arfiticial Superintelligence Alliance (FET) continues to gain ground against the bears despite the current market environment that encourages selling rather than accumulation.\u00a0 According to figures by CoinGecko, the token rose by 44% since last week making FET one of the market\u2019s top gainers. This bullishness can be attributed to the recent developments that occurred on-chain.\u00a0 Related Reading: New Memecoin Popcat Claws Its Way Up, Dominates Top 100 Cryptos With 62% Rally FET has launched the Innovations Lab which will assist the organization in furthering its goals of supporting startups that are artificial intelligence-focused. Once the program matures, we might see its effects on FET.\u00a0 Innovation Lab To Allocate $10 Million To Support AI Startups According to the official blog post, the newly launched San Francisco-based Innovation Lab will be used as a \u201ccatalyst for developing AI agent solutions that deliver tangible value to businesses and consumers worldwide.\u201d\u00a0 To achieve this goal, the Lab will allocate over $10 million annually to fund projects focused on AI. The Innovation Lab will have three pillars that will help achieve its goals: the Startup Accelerator, the Ambassador Innovator Club, and the Internship Incubator Program.\u00a0 For now, the organization seems to be focused on gaining members of the Ambassador Innovator Club for the Lab.\u00a0 Fetch.ai recently shared some info about the Innovation Lab. It said the upcoming members of the club will have exclusive access to resources and support for their projects and many other benefits.\u00a0 As of writing, Fetch is still looking for members with no official announcement yet.\u00a0 After the launch of the https:\/\/t.co\/kJ9URVpOul #Innovation Lab, we thought we\u2019d break down what it\u2019s all about.\ud83d\udc47 The lab is focused on 3 pillars. The first is the https:\/\/t.co\/kJ9URVpOul Ambassador Innovator Club. (1\/8) pic.twitter.com\/1Ub7RejRCw \u2014 Fetch.ai (@Fetch_ai) August 26, 2024 FET Trading At Narrow Range Facing Possible Pain Short-Term As of press time, FET continues to trade at a narrow trading range between $1.2 and $1.3 which was made possible by the general market bearishness that bled into FET\u2019s market. This will deter any attempt by the bulls to recover any ground above $1.3 in the short term.\u00a0 With the token\u2019s rejection on $1.3 and the subsequent rejection of the bears on $1.2, FET will continue this price movement in the coming weeks as the market might continue to be bearish within the coming days. Any bullish change within the market\u2019s environment will offset the bear\u2019s momentum, potentially opening the door towards $1.5. However, investors and traders should be cautious of FET\u2019s relative strength index which shows the bulls are exhausted in the short term. This means investors and traders should expect slight pain within the short and medium term, with FET dropping $1.1.\u00a0 Related Reading: Floki Bullish Breakout Ignites: Could A 96% Surge Be Next? But the bulls should have enough leftover momentum. As the Innovation Lab matures and bears good fruit, investors and traders can expect the token to stabilize on its current trading range before attempting to breach $1.3 and then $1.5 in the long term.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":638346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,142,1020,6664,87565],"class_list":["post-638317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-altcoins","tag-blockchain","tag-crypto","tag-fet"],"acf":[],"yoast_head":"\n<title>FET: On-Chain Development Fuels 44% Surge in Just a Week<\/title>\n<meta name=\"description\" content=\"The Arfiticial Superintelligence Alliance (FET) continues to gain ground against the bears despite the 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