Here’s How Much Your $100 Investment in Fetch.ai Will Be Worth If FET Reaches $1
Fetch.ai intends to build an open-access machine learning network that is both tokenized and decentralized. This project relies heavily on artificial intelligence and machine learning, blockchain, and DAG (directed acyclic graph) data structures for creating a scalable and reliable ledger.
The goal is to provide developers with proper tools, which they can then use to build and test their intelligence apps, allowing them to effectively handle a variety of jobs. The project employs a uPoW (useful proof-of-work) consensus mechanism for the ledger.
The project was launched in 2017, with most of the team based in the UK. Humayun Sheikh is the project’s CEO, while Toby Simpson is the project’s COO. FET is the native token of the Fetch.ai project.
FET Price Prediction
FET has been seeing a tremendous price surge for the past few weeks. It has recorded an 87.40% price rise in the last 30 days and an 85.91% price rise in the last 7 days. With a 21.21% price increase in the last 24 hours, FET is currently trading at $0.189.
However, it is currently trading 83.96% below its all-time high of $1.19, set on September 8, 2002. According to Coincodex, Fetch.ai is currently trading above its 200-day simple moving average (SMA). For the last 21 days, the 200-day SMA has been recommending “buy” for the cryptocurrency.
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According to Coincodex’s technical analysis, investor sentiment around Fetch.ai is bullish. Based on historical data, they claim that it is currently profitable to invest in Fetch.ai.
They predict that the price of FET will increase by 82.59% and may reach $ 0.344804 by February 10, 2023 (in a one month period). They estimate that by 2025, the FET price will range between $ 0.161947 and $ 0.486323.
They even predict that FET’s price would breach $ 1 barrier in the best case scenario by 2026.
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How much money would you make if the FET price hit $1?
Let’s say you invest $100 in FET today. At the current price, which is $0.189, you will get approximately 529 tokens. If you hold and sell these when FET hits $1, you could make $527. This means that your $100 investment would yield a 5X, or 429% return on investment (ROI).
Now, let’s assume you invest $1000 in FET today. At today’s market price, you will have approximately 5,291 coins. If liquidated at the price of $1, your $1,000 investment will be worth $5,291. If FET hits the $1 mark by 2027 (i.e., in the next 5 years), your annualised ROI will be 40%.
It is important for anyone considering investing in FET to carefully research the asset and understand the risks involved before making any investment decisions.
Disclaimer: This is not investment advice. DYOR
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