Today, while chatting with my cousin, I was able to learn about many new coins and technologies in the world of cryptocurrency. The most significant among them is the FET AI coin. Here, I compile and present interesting information I found while searching online about it.

Generally, every cryptocurrency is created for a specific purpose. Some coins may be for deceptive activities without a solid foundation. However, in today's era, 'artificial intelligence' has become indispensable. In that sense, this FET, based on AI technology, is designed for future needs.

$FET

What is FET?

FET (Fetch.ai) is the native token of the platform known as the Artificial Superintelligence Alliance (ASI). It is a project that integrates decentralized AI and machine learning with blockchain technology.

History and Alliance

Fetch.ai, launched in 2017, reached a major milestone in 2024. It formed a massive alliance called the ASI Alliance in collaboration with SingularityNET (AGIX), Ocean Protocol (OCEAN), and CUDOS. The primary objective of this alliance is to enhance open-source artificial general intelligence (AGI).

Applications

The FET token is primarily used to create, operate, and train 'Autonomous Economic Agents' (AEAs).

* It is widely used in areas such as decentralized finance (DeFi), transportation, and energy management.

* This is available on the Ethereum (ERC-20) network and the mainnet owned by Fetch.ai.

Latest Key News

* Buyback Announcement: Recently, Fetch.ai announced a buyback of FET tokens worth $50 million. This indicates growing investor confidence as the use of AI platforms increases. This announcement led to a price increase of about 7%.

* Legal Matter: Some issues arose in the ASI Alliance partnership with Ocean Protocol. As a result, it is reported that a lawsuit worth $286 million was filed against Fetch.ai concerning token swaps and market manipulation. However, due to net outflows, investors continue to accumulate FET tokens, resulting in a price increase of up to 51%.

* Price Prediction: According to CoinCodex's forecast, its price is expected to rise by approximately 10.52% to reach $0.2994 by December 2025. However, the current market environment is showing a somewhat fearful sentiment (Bearish Sentiment - Fear & Greed Index: 28).

Investment Note

FET tokens can be purchased on leading exchanges such as Binance. Since the crypto market is always subject to high volatility, it is essential to do your own research before investing.

For more details, you can visit CoinMarketCap or the official website.