Why did the price of FET go up?

Artificial Superintelligence Alliance (FET) increased by 2.45% in the last 24 hours, slightly outperforming the overall crypto market, which rose about 2.5%. This rise is supported by positive technical signals, renewed interest in AI-related tokens, and recent developments within the FET ecosystem.

1. Technical breakout – FET’s price moved above important moving averages, indicating short-term upward momentum.
2. AI token interest – Growing attention to AI tokens as the Altcoin Season Index jumped 32% this week.
3. Ecosystem news – Announcement of a developer prize pool at the upcoming ETHGlobal hackathon (August 15-17).

Deep Dive

1. Technical Momentum (Positive Signs)

Overview:
FET’s price climbed above its 7-day simple moving average (SMA) at $0.636 and 30-day exponential moving average (EMA) at $0.649. The MACD indicator, which helps identify trend changes, turned positive (+0.0081) for the first time since August 25. The Relative Strength Index (RSI) over 7 days is at 66.86, showing there’s still room for price growth before it becomes overbought.

What this means:

• Short-term traders likely saw the MACD crossover as a signal to buy.
• The price staying above $0.67, a key support level based on Fibonacci retracement, helped reduce selling pressure.

Key level to watch:

• Immediate resistance is at $0.696 (the 50% Fibonacci retracement level). If FET breaks this, the next target could be $0.723.

2. AI Token Rotation (Mixed Signals)

Overview:
The AI-focused crypto sector rose 5% this week, with FET benefiting from:

• Google Trends showing a 320% increase in searches for “AI Agents” year-to-date.
• The Altcoin Season Index rising to 69 from 34 a month ago, indicating more investment flowing into mid-sized altcoins.

What this means:

• FET’s role in the Artificial Superintelligence Alliance (which merged with SingularityNET and Ocean Protocol) positions it as a key player in AI-related crypto projects.
• However, not all AI tokens performed equally; for example, TAO (Bittensor), a sector leader, dropped 1.2% while FET gained 2.45%.

3. Ecosystem Developments (Neutral Impact)

Overview:
The ASI Alliance announced a $10,000 prize pool for developers at the ETHGlobal New York hackathon (August 15-17), encouraging projects that use their AI agent tools. This comes after:

• The August 7 launch of GPT-5, which sparked renewed discussions about AI infrastructure.
• China’s $50 billion “AI Plus” initiative announced on July 31, boosting confidence in the AI sector.

What this means:

• These events support FET’s position in decentralized AI infrastructure.
• However, no major protocol upgrades or partnerships directly caused the recent price increase.

Conclusion

FET’s recent price rise mainly reflects traders taking advantage of a local price bottom, boosted by overall positive momentum in AI-related cryptocurrencies rather than any specific project news. The MACD indicator suggests there could be more upside, but the 30-day SMA at $0.653 remains an important support level to watch.

Key question: Will FET hold above $0.67 over the weekend, or will profit-taking push the price down, as happened in mid-August?

What could affect the price of FET?

FET’s price depends on AI advancements, changes in token structure, and market mood.

1. Cardano Integration – Better cross-chain use could increase adoption (positive).
2. CUDOS Merger Vote – Planned expansion of computing network faces some risks (mixed).
3. Technical Patterns – Price forming a symmetrical triangle near $0.66 suggests upcoming volatility (neutral).

Deep Dive

1. Cross-Chain Expansion & ASI Migration (Positive Impact)

Overview:
In September 2024, the Artificial Superintelligence Alliance (FET) launched FET as a Cardano Native Token, allowing it to work between Ethereum and Cardano blockchains. They plan to fully rebrand to ASI, combining FET, AGIX, and OCEAN tokens under one symbol.

What this means:
Connecting different blockchains helps increase liquidity (the ease of buying and selling) and attracts more developers. Historically, such moves have led to price increases of 10–20%—for example, in July 2024, FET’s price rose 18% after a similar announcement. Any delays in the rebranding could hurt investor confidence, but a smooth transition might simplify governance and increase demand for staking (locking tokens to support the network).

2. CUDOS Compute Integration (Mixed Impact)

Overview:
A community vote that ended in September 2024 proposed merging CUDOS’ decentralized GPU computing network into ASI. This would convert CUDOS tokens to FET at a ratio of 118.344:1. The alliance has set aside $153 million to invest in AI hardware, aiming to cut cloud computing costs by half compared to Amazon Web Services (AWS).

What this means:
If approved, this merger would expand FET’s role in AI computing markets. However, a 5% merger fee and a 3-month waiting period before full token access could cause some short-term selling pressure. Similar past events, like Ocean Protocol’s 2023 data marketplace launch, saw a 30% price increase after integration but also experienced 15% drops during token unlock periods.

3. Technical Setup & Market Sentiment (Neutral Impact)

Overview:
FET is currently trading around $0.669, testing the lower boundary of a symmetrical triangle chart pattern. The Relative Strength Index (RSI) at 51.52 and the Moving Average Convergence Divergence (MACD) histogram near zero indicate neutral momentum. Resistance is seen at $0.78, which aligns with a key Fibonacci retracement level (0.618).

What this means:
If FET’s price breaks above $0.78, it could move toward $1.00, a level last reached in May 2025. Conversely, falling below $0.64 might trigger stop-loss orders, pushing the price down to around $0.44. The altcoin season index, currently at 67 out of 100, suggests favorable conditions for price gains if Bitcoin’s dominance continues to decline.

Conclusion

FET’s price will likely be influenced by how well the ASI ecosystem executes its plans, milestones in AI adoption, and overall crypto market liquidity. While cross-chain growth and partnerships in AI computing offer potential for growth, technical resistance levels and complexities from the merger present short-term risks. Will the ASI rebrand spark the next price rally, or will the market consolidate further? Keep an eye on the $0.78 resistance level and updates on the CUDOS integration.

What are people saying about FET?

The community around Artificial Superintelligence Alliance (FET) is divided. Some traders are optimistic, eyeing a potential rise to $24, while others warn of a possible price drop. Here’s what’s currently trending:

1. Historical pattern watchers believe FET could repeat huge gains of up to 15,000%.
2. Short-term traders are focused on whether $0.70 will hold as a key support level.
3. Alliance updates suggest growing use of AI agents could boost demand for FET.

Deep Dive

1. @Fetch_ai: Long-term trend points to 5,000% potential gain — bullish

“FET is back in the price range that previously led to gains over 15,000%. If it stays above $0.35, the target is around $24.”
– @Fetch_ai (2.1M followers · 15M impressions · August 5, 2025)
View original post
What this means: This is a positive sign for FET. Historically, when the price moves within this upward channel, it often leads to big rallies. Traders see the $0.35 to $0.65 price range as a good opportunity to buy.

2. @Ali_Charts: Risk of price falling below key support — bearish

“FET has broken down from a symmetrical triangle pattern. The next support level is at $0.571.”
– @Ali_Charts (890K followers · 4.2M impressions · August 3, 2025)
View original post
What this means: This is a warning sign. The breakdown suggests the price momentum is weakening. If FET falls below $0.70 and stays there, it could lead to further declines, possibly back to lows seen in June.

3. @ASI_Alliance: $10,000 developer prize boosts AI agent growth — bullish

“Developers using ASI tools to build AI agents are competing for prizes at ETHGlobal NY.”
– @ASI_Alliance (320K followers · 2.8M impressions · August 15, 2025)
View original post
What this means: This is good news for FET. Encouraging developers to create AI agents with ASI tools helps grow the ecosystem. More AI applications could increase demand for FET over time.

Conclusion

Opinions on FET are mixed. There’s optimism based on long-term technical patterns and fundamental support like the $50 million buyback in June 2025 and new alliance partnerships. However, short-term price action depends on Bitcoin’s stability and whether FET can hold the $0.35 to $0.70 range. Keep an eye on the $0.7050 support level this week — if the price closes below that, it could challenge the bullish outlook.

What is the latest news about FET?

Artificial Superintelligence Alliance (FET) is carefully growing while navigating market uncertainties. Here are the key updates:

1. ETHGlobal Developer Challenge (August 15–17, 2025) – A $10,000 prize to encourage developers to create AI agents.
2. Bitso Exchange Listing (July 31, 2025) – FET is now available on Latin America’s largest crypto exchange.
3. China’s AI Plus Initiative (July 31, 2025) – A national AI strategy that could indirectly support FET’s decentralized AI efforts.
4. $50 Million Token Buyback Plan (June 19, 2025) – The foundation is buying back tokens, showing confidence in FET’s future.

Deep Dive

1. ETHGlobal Developer Challenge (August 15–17, 2025)

What’s happening:
The ASI Alliance is offering $10,000 in prizes at ETHGlobal New York to motivate developers to build AI agents using platforms like ASI:One, MeTTa, and Ocean Protocol. The focus is on creating systems where multiple AI agents work together to share knowledge and automate tasks across different blockchains.

Why it matters:
This event is a positive sign for FET because it encourages more developers to build on its platform. More developer activity can increase demand for FET tokens, which are essential for AI agent interactions.
(ASI Alliance)

2. Bitso Exchange Listing (July 31, 2025)

What’s happening:
FET is now listed on Bitso, the largest cryptocurrency exchange in Latin America, giving 8 million users easier access to trade FET. Eventually, FET will transition to the ASI token as part of the Alliance’s plan to unify its tokens.

Why it matters:
Being on a major exchange in a fast-growing market could increase trading volume and user adoption. However, the upcoming switch to ASI tokens adds some uncertainty about FET’s future role.
(Bitso Blog)

3. China’s AI Plus Initiative (July 31, 2025)

What’s happening:
China has launched a national strategy to integrate AI into its industries. While this plan doesn’t focus on cryptocurrencies, it aims to build the infrastructure needed for AI-driven economic growth.

Why it matters:
This is a neutral development for FET. On one hand, growing AI adoption supports the idea behind FET’s decentralized AI network. On the other hand, China’s strict crypto regulations could pose risks if they target crypto-related projects.
(CoinMarketCap)

4. $50 Million Token Buyback Plan (June 19, 2025)

What’s happening:
The Fetch.ai foundation announced it will buy back $50 million worth of FET tokens. This move aims to address concerns that the token is undervalued, highlighting increased use of its ASI1 infrastructure in decentralized finance (DeFi) and the Internet of Things (IoT).

Why it matters:
This is a positive short-term signal because buying back tokens reduces supply, which can help stabilize or increase prices. However, long-term success depends on how widely FET-powered AI agents are adopted in real-world applications.
(CoinMarketCap)

Conclusion

FET’s future depends on growing its ecosystem through developer events and exchange listings while managing bigger challenges like regulation and the upcoming ASI token migration. Current price trends show some stability around $0.66–$0.70, and moves like the token buyback and ETHGlobal partnership reflect confidence in FET’s vision for AI-powered automation. The big question remains: Can FET outpace major centralized AI companies by building trustworthy, decentralized AI systems?

What is expected in the development of FET?

The Artificial Superintelligence Alliance (FET) has a clear roadmap focused on growing its ecosystem and building decentralized AI infrastructure:

1. Agentic Discovery Hub (Q4 2025) – An interactive platform to explore and assess AI projects.
2. Cross-Chain MeTTa Compatibility (Q4 2025) – Expanding the use of their smart contract language across different blockchains.
3. Decentralized AI Infrastructure (2026 and beyond) – Creating the ASI Chain to support AI-driven agent economies.

Deep Dive

1. Agentic Discovery Hub (Q4 2025)

Overview:
Singularity Finance, the financial branch of the ASI Alliance, plans to launch this hub by the end of 2025. It will include key performance indicator (KPI) dashboards and an interactive interface powered by autonomous AI agents. This will allow users to easily explore and evaluate various AI projects within the ASI ecosystem (MEXC News).

What this means:
This development is positive for FET because it could attract more developers and investors, increasing the use and demand for FET tokens. However, its success depends on how user-friendly the platform is and how well it integrates with existing decentralized finance (DeFi) tools.

2. Cross-Chain MeTTa Compatibility (Q4 2025)

Overview:
The second phase of Singularity Finance’s roadmap focuses on making MeTTa—ASI’s own smart contract language—work across multiple blockchain networks. This will help unify how AI agents interact and share data in decentralized systems.

What this means:
This is somewhat positive for FET, as cross-chain compatibility can boost ASI’s usefulness in environments that use multiple blockchains. Still, there are challenges, including technical complexity and competition from established smart contract languages like Solidity.

3. Decentralized AI Infrastructure (2026 and beyond)

Overview:
The ASI Alliance is working on ASI Chain, a flexible blockchain designed to support decentralized AI coordination and agent-based economies. This project combines Fetch.ai’s Hyperon neural-symbolic framework with Ocean Protocol’s data tools and CUDOS’ decentralized computing resources (ASI Roadmap 2025).

What this means:
If successful, this could position ASI as a leader in decentralized AI infrastructure, which is very positive for FET. However, the timeline is long and uncertain, so delays could affect market confidence.

Conclusion

The Artificial Superintelligence Alliance is focusing on building useful ecosystem tools (Agentic Discovery Hub), improving interoperability (MeTTa), and developing core infrastructure (ASI Chain) to advance decentralized AI. The milestones set for late 2025 offer clear progress markers, but long-term success will depend on technical execution and how well the market adopts these innovations. The key question remains: can ASI balance fast innovation with the scalability needed for AI agent economies?

What updates are there in the FET code base?

Artificial Superintelligence Alliance (FET) has recently improved its developer tools and made it easier for its technology to work across different blockchain networks.

1. ETHGlobal NY 2025 Challenge (August 15, 2025) – Announced a $10,000 prize for developers building AI agents using ASI tools.
2. Cardano Native Token Integration (September 6, 2024) – Made FET a native token on the Cardano blockchain, allowing easy transfers between Cardano and Ethereum.
3. ASI-1 Mini Upgrade (April 2024) – Improved hardware efficiency for AI agents and made app development more scalable.

Deep Dive

1. ETHGlobal NY 2025 Challenge (August 15, 2025)

Overview: The Artificial Superintelligence Alliance launched a $10,000 developer contest at ETHGlobal NY. The focus is on creating AI agents using ASI tools like ASI:One (a human-AI interface), MeTTa (a language for AI reasoning), and Agentverse (a platform to deploy AI agents).

Developers can build autonomous AI agents that interact with different blockchains, APIs, and organized data sources. The contest rewards the best projects in three categories: using ASI:One/MeTTa integration ($5,000), deploying agents with Agentverse ($3,000), and coordinating multiple agents ($2,000).

Why it matters: This is positive news for FET because it encourages more developers to join the ecosystem, promotes real-world uses of decentralized AI, and could increase demand for FET tokens through transactions and staking.
(Source)

2. Cardano Native Token Integration (September 6, 2024)

Overview: FET has been added as a Cardano Native Token (CNT). This means FET tokens can now move smoothly between the Ethereum and Cardano blockchains using an upgraded bridge.

The update also included a tool to convert AGIX tokens to FET and sets the stage for future ASI products on Cardano’s smart contract platform, Plutus Core.

Why it matters: This update mainly improves how FET works across different blockchains, which is good for long-term flexibility. While it doesn’t immediately increase FET’s use, it opens opportunities for FET in Cardano’s decentralized finance (DeFi) and governance systems.
(Source)

3. ASI-1 Mini Upgrade (April 2024)

Overview: The ASI-1 Mini upgrade made AI workloads more efficient, lowering hardware costs and improving automation for AI agents.

Developers now have better tools to build scalable AI applications, including decentralized hosting of AI models and workflows that keep data secure while allowing computation, all powered by FET.

Why it matters: This is a positive development for FET because it makes it easier and cheaper for developers to create AI-driven decentralized apps (dApps), which could boost network activity and encourage more staking.
(Source)

Conclusion

FET is making important strides in three key areas: working smoothly across blockchains (Cardano integration), attracting developers (ETHGlobal challenge), and improving AI technology efficiency (ASI-1 Mini upgrade). These updates strengthen FET’s role as a platform for decentralized AI infrastructure. The big question remains: will the increase in AI agent use continue to drive demand for FET tokens after the competition ends?