Fetch.ai (FET) has shown resilience and experienced significant increases in its value over the last few weeks. Over the past year, the token has demonstrated remarkable growth, with gains reaching an impressive 830%.
In just last month alone, the token increased by 178%, displaying strong bullish momentum in its price movement. Nonetheless, despite these amazing hikes, the token shows readiness for more substantial advances in the months ahead.
At the time of writing, Fetch.ai (FET) is trading at $3.23 with a market capitalization of $2.22 billion and accompanied by a solid 24-hour trading volume totaling $2.16 billion. The previous day saw its value increase by 3.05%.
This impressive performance points towards an increasing interest and faith in the token which implies better days ahead of it in the cryptocurrency market. Investors, as well as analysts, look forward to more growth with the possibility of earning bigger returns soon.
Fetch.ai FET Potential to Reach $20
Crypto analyst ProfessorAstrones has expressed a bullish outlook on the trajectory of FET’s price, indicating a positive sentiment towards the cryptocurrency. In an X post, he confidently asserts his stance, seemingly addressing skeptics by rhetorically questioning their absence beneath his posts.
ProfessorAstrones pinpoints the rise of a “bull flag” – a technical pattern that suggests that there may be more upward movement left, indicating that according to his calculations, the token’s price follows bullish trends.
Moreover, the analyst concludes his statement by expressing that he expects the token to reach $20 before year-end in an optimistic tone, implying a significant change from its current level.
Furthermore, another crypto analyst, Sensei, predicts confidently that in three months, the token will be valued at $20, thus making us confident with our buying choice. This bold prediction reinforces the notion that investors stand to make substantial profits in the future close by.
Related Reading | Ethereum Co-Founder Vitalik Proposes Anti-Correlation Penalties To Boost Decentralization