In this guide, we will express our and the market’s views on the future of FET as we discuss Fetch.ai price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Fetch.ai.
Now, let’s get into it.
Before delving into Fetch.ai price forecasting and answering questions about whether the FET is a good investment or not, why will the FET succeed or fail, or why Fetch.ai price will rise or fall, let’s quickly take a look at what the FET is and its history to date?
There’s a lot of hype around Fetch.ai, that’s for sure. The publication of a short and somewhat boastful introductory post from Medium in 2018 that simply said “We are the world’s first intelligent ledger” was more than enough to tickle the imagination of many crypto enthusiasts. Their imagination was further enticed by a rather strong marketing effort that has been made to promote the project since its original launch.
Just type “Fetch.ai” on YouTube and you will find several well-produced videos that market the project and attempt to attract potential investors. In addition, the project has been featured on the pages of mainstream publications such as The Telegraph, The Economist, The Guardian, Business Weekly and TechCrunch, which certainly helped raise its public profile.
And while the hype is certainly strong, this doesn’t necessarily translate well into real-world performance or investment. The project is still far from having a fully functional product. They promised to have a testnet ready before the ICO; said testnet was launched with a slight delay (as was the ICO). That doesn’t have to mean much, as many legitimate projects have slightly exceeded their deadlines and had a rocky start to their crypto journeys. Fetch.ai explained their delays, citing worsening market conditions and a desire to properly prepare the infrastructure as the main reason for not meeting the deadlines set.
The technological side of the project is where we get to the heart of the matter. Fetch.ai wants to create a hybrid of blockchain and AI technologies, one that would have the world’s first self-adaptive, self-regulating decentralized ledger to manage people’s transactions. Their model is structurally divided into three elements:
Self-employed economic agents — EEA
These are the “digital
citizens” of the Fetch.ai network that will take care of receiving and using the digital data of the network. Basically, they will act as fully skilled AI representatives of individuals, companies, organizations, and even IOT devices; The EEAs will collect the data and then sell it to those agents who want it.
The entire interaction is automated and happens through 5 key steps: research and discovery, communication, negotiation, collaboration and execution/trust. As AI usually does, AEAs will learn as they go, meaning that every interaction/mistake they make will help them get better at what they do.
The project expects to see its EEAs transform all sectors requiring data, transport and energy; Their market potential is huge as there is no single industry that does not rely heavily on at least one of these.
Open economic base
The behavior of each agent will be “governed” by the Open Economic Framework (OEF), a combination of APIs, service and agent directories, previous transactions, portfolios, and agent locations. It is designed to present agents with a semantic, geographical and economic view of the world.
The OEF will store relevant information and use artificial intelligence to optimise the use of that information for forecasting/support for EEAs. The OEF will be self-adaptive and will depend on special “trusted” nodes that will receive symbolic rewards for the provision of their services.
Fetch.ai’s Smart Ledger will be a combination of traditional blockchain architecture and DAG (direct acrylic graphics) technology presented by the IOTA project.
Many are comparing it to Zilliqa on the grounds that it will have partitioning; unlike traditional sharding, in Fetch’s Smart Ledger we have so-called resource lanes. A transaction can be assigned to multiple different lanes at the same time.
The system will start similarly to chain forking, where new lanes can be created to relieve pressure on a messy transaction pool. The old lanes will be indicated by two new ones, creating a DAG-like structure that allows for consistency of blockchain data.
Fetch.ai can create a transaction block by referencing the hashes of the previous blocks in the groups defined in the transaction resources. Overall it’s a complicated system that aims to provide scalability, stability, useful economic work, and unprecedented quality information that you can get more of by reading their technical whitepaper or their Fetch.ai Ledger Yellowpaper.
Fetch.ai will use what they call the Useful Proof of Work (uPoW) consensus mechanism that combines the elements of PoW, PoS and DAG.
The DAG system will hold any transaction valid once confirmed by two nodes, leaving computational resources free to train the AI. In addition, low-power nodes can earn blockchain rewards by validating low-value transactions. They also talk a lot about machine learning and artificial intelligence, which will be heavily present in the entire protocol. Methods such as process mining, long-term memory, and recurring neural networks will be integrated into the protocol to ensure authenticity/optimal performance and allow parties involved to trust the network.
Fetch.ai token uses the ticker FET and is the typical ERC-20 launched through a token generation event. It will have a total issued supply of 1,152,997,575 tokens (further divisible), with the distribution managed as follows:
- Foundation – 19.99%
- Founders and Team – 19.99%
- Public ICO – 6%
- Private sale – 6.38%
- Seed sales – 5.24%
- Consultants – 10%
- Mining Rewards – 15%
- Future releases – 17.4%
You can check which ones will have blocks or other special conditions attached to them here. During the private seed/SAFT sales, only just over 11% of the tokens were sold to early investors. These funds were spent as follows, according to the team:
- Team – 25%
- Development resources – 45%
- Partnership – 10%
- Marketing – 10%
- Professional services (whatever that means) – 5%
- Miscellaneous – 5%
The tokens of advisors and founders will be unfrozen gradually, over a period of three years. The public sale of FET tokens began on the 25th of February and lasted only 10 seconds, as this was enough time to sell the entire private sale supply of 69,204,152 FETs. Investors were required to use BNB tokens to buy FETs. The token was sold at a price of $0.0867 per token, with a minimum purchase of $20. The Fetch team also set a personal purchase cap of $3,000 to ensure that more people are able to get a piece of the pie.
The project raised another $6 million through this ICO (which was Binance Launchpad’s second project), confirming that interest in public coin offerings has certainly not waned as much as many cryptocurrency opponents would have you believe.
The token will play a crucial role in the Fetch.ai network, driving its economy and data exchange. Agents will need FETs to pay for data, access services and infrastructure, develop algorithms, etc. It will also be used as “gas” on the Fetch.ai network.
Fetch.ai Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Fetch.ai Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
FET Price Prediction 2025
Our forecast model sees the FET reaching $0.2666 in 2025.
How much will FET be worth in 5 years?
The price of the FET in 5 years could be around $ 0.2497
Fetch.ai Price Prediction 2030 – 2040
How much will Fetch.ai be worth in 2030?
Our forecast model predicts Fetch.ai reach $0.6666 in 2030.
How much will Fetch.ai be worth in 2040?
Our forecasting model predicts Fetch.ai reach $1.33 in 2040.
Will it replace Fetch.ai/ surpass/surpass
No, Fetch.ai will not replace or exceed BTC.
Can Fetch.ai reach $1?
Yes, Fetch.ai can reach $1 by the end of 2022.
Can the Fetch.ai reach $10?
Yes, it is possible that Fetch.ai could reach $ 10 but only in the distant future, after 2030.
Can Fetch.ai reach $100?
No, our forecasting model sees no chance of Fetch.ai reaching $100 in the short or medium term.
Is it worth buying Fetch.ai?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, against this background, it is worth buying Fetch.ai.
Fetch.ai is a good investment?
Fetch.ai is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Fetch.ai be worth?
For the short-term future, it could reach $0.0614. In the long term (8-10 years), it could jump to $0.6666 or even higher.
Why will Fetch.ai succeed and go up in price?
Fetch.ai has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that’s why our forecasting model sees Fetch.ai rise to $0.6666 in 2030.
Why will Fetch.ai fail and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Fetch.ai go?
Our prediction model sees Fetch.ai price explode and reach $1.33 in the distant future.
What is the short-term forecast for Fetch.ai?
Fetch.ai will reach $0.0614 over the next 90 days, which is a 43% change from the current price which hovers around $0.1077.
Can Fetch.ai make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a Fetch.ai millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in Fetch.ai could make you a millionaire.
Fetch.ai Price Prediction Today – What Will Be the Price of Fetch.ai Tomorrow?
Fetch.ai will hover around $0.1154 tomorrow.