Fetch.ai is an ambitious blockchain project that aims to provide a platform for the development of autonomous artificial INTELLIGENCE and machine learning networks that claims to represent the future of digitised data markets.
As the cryptocurrency market continues to evolve and branch out into new territories, investors are on the hunt for projects that can lead the way and potentially corner new markets.
We have already seen this happen with Defi and NFT, but attention is now turning to projects that can support the ever-expanding functions of cryptocurrency and blockchain, projects like Fetch.ai.
Most readers will probably have some idea of how artificial intelligence is being used to revolutionise everything from the legal industry to the way we drive cars, so the potential for a decentralised AI economy such as that provided by Fetch.ai could be fairly obvious. The question for investors will be whether or not the technology behind the project can deliver the goods.
Needless to say, Fetch.ai is a highly complex project with some very innovative features, including a unique proof-of-work consensus mechanism and a three-part technology stack. All of this is backed by its native cryptocurrency, FET.
So is Fetch.ai a good option for investors, or is the project simply too ambitious to be viable? In the following Fetch.ai price prediction for 2025 and 2030, we’ll take a closer look at the platform, its realistic use cases and what analysts say about its future potential.
A QUICK HISTORY OF FETCH.AI
Fetch.ai was officially launched in 2019 via Binance Launchpad. However, it has its origins some two years earlier, when two companies, Itzme AI and uVue, joined forces to create a UK-based startup. This entity was picked up by accelerator Binance, leading to the ICO that raised an estimated $10 million in just 10 seconds.
Initially, Fetch was touted as part of the fourth industrial revolution and a project that could decentralise the AI powering popular systems, such as Amazon’s Alexa.
FETCH.AI – AN OVERVIEW
To say that Fetch.ai is an ambitious project is something of an understatement. In a nutshell, what the project aims to do is provide a platform that can automate numerous markets and processes that currently require a great deal of manual work.
The network is made up of several autonomous agents that can represent organisations, individuals or devices and services, and are assigned various roles. These agents can leverage machine learning to work independently and provide increasingly complex services.
As the Fetch.ai ecosystem grows, developers at major corporations are expected to build and deploy more of these agents in the network. Over time, these agents will be able to communicate with each other to exchange, rate, report or provide services to each other.
As such, Fetch.ai aims to create a fully decentralised AI economy.
THE TECHNOLOGY BEHIND FETCH.AI
It probably comes as no surprise that the workings of Fetch.ai are enormously complex and far beyond the scope of this article. However, we will try to elucidate some of the key fundamentals.
Fetch.ai is made up of three distinct parts: Autonomous Economic Agents (AEA), Open Economic Framework (OEF) and Fetch Smart Ledgers. Of course, powering the ecosystem is the FET token.
Autonomous Economic Agents
These are AIs, bots and algorithms that are created to act on behalf of organisations, individuals and services. They can connect to everything from real-world hardware, data sources or software, allowing them to perform their functions as needed. AERs are also built with machine learning, so they can learn from mistakes and improve over time.
The Open Economic Framework
The Open Economic Framework uses artificial intelligence to optimise the provision and use of information to support AEAs. AEAs can access data generated by the OEF through node operators. These node operators are rewarded with FET for providing reliable information.
Fetch Smart Ledgers
Fetch Smart Ledgers are part of a complicated structure that uses something called directed acyclic graph (DAG) technology. FSLs are responsible for managing trust and intelligence to ensure the Fetch ecosystem remains secure and functions as it should. This layer uses AI and machine learning to discover how different markets interact.
Of course, these descriptions are extremely basic and only serve to give potential investors an idea of how Fetch.ai works. An important point to note is that machine learning and artificial intelligence are incorporated at all three levels of the infrastructure.
THE FETCH CONSENSUS MODEL
Fetch.ai is based on an innovative consensus protocol. New blocks are created in a similar way to regular proof-of-stake platforms, but it uses a decentralised random beacon to assign responsibilities to nodes. The team behind the platform says that with this mechanism, they have made a more scalable and energy-efficient alternative to standard consensus protocols.
In theory, anyone can participate in the Fetch.ai consensus model by buying a stake. A fragmented blockchain means that even with higher throughput, the average user will still be able to participate in the bet from their desktop.
THE FET TOKEN
FET is an ERC-20 token that powers the Fetch.ai system. It is used by developers looking to deploy their agents on the network, as well as to pay fees for the use of services and agents deployed by others. FET is also used, of course, as part of the betting mechanism that keeps the Fetch.AI system running.
Of course, FET can also be bought and sold on the open market, just like any other token. The supply of FET is limited to 1.1 billion, with an estimated circulating supply of 688,117,804 at the time of writing.
LOOKING AT FET’S PRICE HISTORY
Since it was first listed in March 2019, Fetch.ai has seen some pretty interesting price movement. Initially, the token had a trading price of around $0.40, but after the initial hype died down, its value dropped. By May 2019, FET was trading at $0.09. By the end of the year, it had fallen to $0.04.
The first few months of 2020 did not yield much for Fetch.ai either. At the end of the first quarter, the token was trading at just $0.01. However, over the summer it gradually began to rise and in August, its trading price shot up to $0.15. Unfortunately, this price increase resulted in a price spike of $0.01, which was not enough for Fetch.ai. Unfortunately, this price increase proved to be short-lived and by December FET had fallen to $0.05.
Suffice to say, Fetch.ai’s first 18 months had been somewhat lacklustre, and the token failed to gain any real traction. However, this was all set to change in 2021, a year in which FET saw several major rallies. In February, it had reached a trading price of $0.29, before a bull in early March sent the token to over $0.80, marking over 1500% growth for the year.
Unfortunately, FET could not hold its new value for long and by June had fallen back to $0.20. After a few weeks of volatility, FET was back on the rise. It had reached $0.61 by the end of August and continued to rise in September, reaching its all-time high of $1.17 after the first week.
Another period of significant price fluctuations followed, but FET rebounded again in December, this time reaching a high of around $0.90. Once again, the token failed to hold its gains and entered a sharp decline in December, before a general market slowdown in the first weeks of 2022 hit the FET price at $0.27 in March.
FETCH.AI PRICE PREDICTIONS FOR 2025
Having analysed what Fetch.ai brings to the table from a technical sense and reviewed its previous price movement, you may have started to develop an idea of how FET can fit into your existing cryptocurrency portfolio. But what can we expect from the project in the coming years? To answer this, we look at some Fetch.ai price predictions for 2025.
DigitalCoinPrice seems to predict steady but uneven growth. According to its technical analysis, the Fetch.ai token will be at an average trading price of $0.45 by 2022. It is then expected to rise to $0.51 by 2023. The platform then sees some volatility coming in 2024. It suggests that the token’s ATP will decrease to $0.50, but will have a maximum trading price of up to $0.57, compared to $0.55 in 2023. By 2025, the Fetch.ai token is expected to have risen to an average price of $0.69.
Meanwhile, WalletInvestor sees FET reaching an average trading price of $0.61 before the end of 2022. According to its Fetch.ai price prediction for 2025, the token will continue to grow in value and by the end of 2023, it could reach a potential high of $1.20, which would be a record. Then, by the end of 2025, the platform believes that Fetch.ai will have reached an average trading price of over $1.40, with a potential high of $1.68.
The final Fetch.ai price prediction for 2025 that we analysed came from TradingBeasts. Known for its more conservative forecasts, the platform sees Fetch.ai struggling to gain sustained momentum through much of 2023, but FET is expected to start 2025 at around $0.57. By the end of that year, Fetch.ai is forecast to be worth a potential maximum of $0.64 per token.
FETCH.AI PRICE PREDICTIONS FOR 2030
Most cryptocurrency investors will be aware of how quickly the market can change. This makes long-term forecasts highly unreliable, as they can only be based on current data. That said, it is still worth checking out some Fetch.ai price predictions for 2030, as they can at least tell us what analysts think the outlook for the project is, as things stand at the moment.
DigitalCoinPrice has made its Fetch.ai price prediction for 2030 and clearly sees some potential in the project, as it believes FET could reach a new all-time high in 2028, with a potential top trading price of $1.20. The token is expected to grow year on year, reaching as high as $1.45 by the end of 2029. Through 2030, DigitalCoinPrice suggests that Fetch.ai could be worth up to $1.63.
We found another Fetch.ai price prediction for 2030 on PricePrediction.net. It seems that the platform is notably bullish on FET, believing it will reach a trading price of over $2.00 as early as 2026. By the end of 2027, that price is forecast to rise to $2.97. The following year could see FET reach $4.95 and by the time 2030 arrives, the token is predicted to be worth up to $10.95, which would be a growth of over 3100%.
We should point out once again that these predictions are highly speculative. Indeed, PricePrediction.net is known for its highly optimistic forecasts and while Fetch.ai is certainly capable of significant price growth, we would advise investors to err on the side of caution and not rely on these figures to inform their strategy.
CONCLUSION: SHOULD YOU INVEST IN FETCH.AI?
If you’ve read this far, then you’ve probably realised that Fetch.ai is a very advanced project with huge amounts of potential. The advantages of a complete AI and machine learning ecosystem are hard to overstate. Fetch.ai also has the potential to revolutionise the way organisations process data, which in itself is a major selling point.
One of the biggest challenges facing the platform is whether or not it can actually deliver. Ultimately, the creation of a decentralised economy of automated agents will ultimately depend on the acceptance and contributions of developers, which in turn will depend on how well the system actually works. If Fetch.ai can deliver everything it promises, it could certainly be a major player in the so-called Fourth Revolution.
However, this uncertainty is probably what explains the substantial price volatility of the project’s native token, FET. Despite this, however, most analysts are optimistic about its future. Indeed, the Fetch.ai price predictions for 2025 and 2030 that we found pointed to growth, albeit with some difficult patches along the way.
Realistically, Fetch.ai is probably a riskier investment in 2022, even by cryptocurrency standards. The project has not yet established itself as a top-tier cryptocurrency and there is always the possibility that competitors will reduce its market share.
If you decide to invest in Fetch.ai in 2022, we recommend that you do so as part of a broader, diversified investment strategy.
WHERE TO BUY FETCH.AI CRYPTOCURRENCY
Fetch.ai cryptocurrency investment is now completely mainstream and is more popular than ever, and that popularity is expected to increase in 2022. If you are looking to start your investment journey, then there are a few things you will need to get started.
The first thing you’ll need is a cryptocurrency wallet. This just takes a bit of thought, so we recommend checking out our guide to choosing a wallet. Once this is sorted out, you’ll need to open an account with a broker or exchange that can give you access to the Fetch.ai marketplace.
There are many options when it comes to finding a suitable broker, but for our money, you’d be hard pressed to find anything better than eToro. Not only does it have an excellent reputation for providing a reliable cryptocurrency trading service with competitive rates, but it also has an easy-to-use trading platform that is suitable for both new and experienced investors.
Frequently Asked Questions
What is Fetch.ai?
Fetch.ai is a highly advanced blockchain project that offers developers a platform to create and deploy artificial intelligence and machine learning agents. These agents can themselves automate processes that normally require a great deal of manual work. They can also communicate and exchange data or services with each other, effectively creating an autonomous economy within the Fetch.ai platform.
Is blockchain compatible with artificial intelligence?
The way blockchain works lends itself perfectly to AI, and vice versa. For this reason, projects such as Fetch.ai have started to provide solutions for developers looking to create their own AI bots and agents, which can automate processes and optimise the way data is handled. Blockchain makes it possible for this to happen in a decentralised and secure environment.
Should I invest in Fetch.ai?
Fetch.ai has experienced quite significant volatility since it first hit the markets in 2019. The project is very ambitious and ultimately its use is more or less reserved for developers or those with significant technical expertise. That said, if the project takes off, its native token could become much more valuable, only time will tell.
Where can I buy FET?
Despite being an innovative and ambitious blockchain project, FET is not as widely listed as some of the more well-known tokens out there. However, this is all likely to change in the near future, so we recommend choosing a forward-thinking platform like eToro, which generally lists the top cryptocurrency projects quickly.
Can Fetch.ai double my money in 2022?
It is never a good idea to bet on a cryptocurrency doubling in value, especially within a given period of time. Even the most successful tokens rarely see such substantial rates of return, despite what you may have heard. That said, Fetch.ai is an intriguing project and different from many others in its scope and use case. It is certainly worth considering as a possible portfolio addition.