Will Fetch.Ai's (FET) price rise before converting to ASI?

Fetch.ai's (FET) price is no longer Fetch.ai's price. This is the price of an artificial super-intelligence alliance.

As Ocean Protocol (OCEAN) and SingularityNET (AGIX) have merged into Fetch.ai (FET), their collective identity has changed to ASI.

Wheel reception Fetch.Ai's conversion to ASI

Fetch.ai's price was expected to rise before July after token integration began this week, with completion expected by mid-July. Synthetic Superintelligent Alliance will trade under the FET ticker during this transition. With a current market capitalization of around $3 billion, this AI token has emerged as the second largest asset in the market.

FET Whales noted the profit opportunity this presented and jumped in to collect as much as they could. Within a week, addresses between 100,000 and 10 million FETs raised more than 62 million FETs worth around $73 million.

These investors expect prices to rise after the completion of the merger, resulting in profits.

However, hope is not limited to whales. It is also shared by retail investors. The weighted sentiment has been largely positive, with Fetch.ai getting mentions on social media platforms.

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Their optimism reflects the buzz around ASI and its potential in the near future.

FET Price Forecast: Breaking Out of Stability

Fetch.ai's price was expected to rally from the merger, but broader market indicators countered that. As a result, FET is still holding strong between $1.7 and $1.0, and has been for almost a month now.

This consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help the FET pull out.

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Although the altcoin has shown signs of a potential downside and missing the $1.0 low, it cannot be completely ruled out. If this happens, the boom thesis will be completely invalidated.