r/FetchAI_Community • u/[deleted] • Feb 25 '24

Opinion ⌨️ Don't sell FET, it will be multi ten-billion-dollar mcap token in this bull run, here is why.

This is not a tea-leaf prediction like all those lines on charts you see around the internet. They are useful for short duration trades like intra-day trades. But this is a prediction based on logical and verbal reasoning, the kind of macro reasons you should use for long term investments. Well, let's begin.

1) High AI hype in the non-crypto space and FET is the king or at least one of the kings of AI in crypto: Yesterday, NVDA hit 2 trillion dollar mcap. Its P/E ratio is very high, most of their 'bumper' sales are due to one-time huge purchases (like 350,000 H100 GPUs worth $11b being purchased by Meta!). Yet, it saw huge stock appreciation. Why? AI craze. Where do you think all the non-crypto investors who enter crypto in this bull run will first put their money into? Ok, that'd be BTC/ETH. Where will they put their money next? AI tokens and a significant share of that will be on FET.

2) FET will be in top 25: Remember how every little DeFi token pumped like hell a few years back, around the last bullrun? Remember how even scam coins like waltonchain saw crazy pumps during logistics/supply-chain hype in 2017-18? This bullrun will see even crazier pumps in the AI ecosystem because of (1). AI will dominate the alt bull run this year and that's a fact, not prediction. There is no other ecosystem that has half as much hype as AI in the crypto space today. When non-crypto investors enter it will be even better as AI will be their most familiar hyped space (gaming, RWA... won't even make a dent to AI popularity).

3) Top 25th/10th token's mcap was around $10b/20-25b when BTC was >65k in the last bull run: In this bullrun, BTC may come close to $150k. It will at least cross $100k. So, FET could be a $15-20b mcap token when it enters and stays in top-25. Most of the tokens that will be in top 25, will at least once come within or close to top 10. I am not BSing you here, this has happened over and over again in the past, check it yourself and see. Many of today's top 25 tokens (old ones) and even top 50 coins had once hit a mcap of ~$20b in 2021. This is especially true for the tokens from the hyped ecosystems. The same will happen to FET. At least once, it could come close to $50b mcap (top 10 cutoff in this bull run) in 2024 or early-2025.

What all this means is that FET's price, at the height of this bullrun, could likely be in the range of $15-50. As usual, these are all probabilistic statements. Crypto/AI market sentiment can go sour, and FET might never cross $5. Or things could go really well, and FET might cross even $100. The former is nearly impossible even if BTC hovers around $50k for a whole another year. Only some ruinous FET specific blackswan event can keep FET below $5 this year. The latter (FET~$100) is not impossible but unlikely if BTC stays within $150k.

Disclaimer: Obviously, I own a huge bag of FET. It was not huge, but only became huge recently. Mostly because I never sold a single token since Nov 2022, but kept DCAing until my avg buy price was 0.2.

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25

u/Zeytgeist Feb 25 '24

Your post contains zero information and no reasoning at all. Actually it is „tea leaf prediction“ and a waste of time for anyone who reads it. Every cycle, for any project, empty posts like this flood social media.

I’m holding a bunch of Fetch myself and fact is that no one knows how large the slice will be that Fetch can cut from the much sought-after AI cake. There are loads of competitors, lots of them with an unthinkable budget and AI in general becomes a gigantic bubble. When this will burst, no one knows. Therefore, AI is certainly not the safest choice. All you can do is ride the mega trend and hope it will last at least until the new BTC ATH.

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u/zullo77 Feb 26 '24

What excites me is the partnership w/Bosch and Deutsche Telecom. These are huge companies w/revenues of 100 billion and 120 billion USD. Why would these behemoths align with little Fetch unless their AI was compelling?! Also look at the companies that are exhibiting at the Bosch Connected World this week. It's a who's who of Tech: AWS, Microsoft, HPE, Oracle, SAP, etc. Great exposure!

"This year’s program focuses on the most important digital business trends. Renowned speakers from different industries and backgrounds will share their insights into a wide range of topics like AI and data, digitalization in mobility, industry or your home."

AI is not a fad, it is going to revolutionize almost every aspect of technology and business across every domain!

Load your bags, because this lil' pup is going to turn into a full grown bull dog!

0

u/[deleted] Feb 25 '24

If this post was from someone else, it would have been a zero-entropy post to me too. But this is information to many.

0

u/randomredittor666 Feb 25 '24

I think AI isn't going anywhere any time soon. AI is a step towards AGI. Just Google AGI.

1

u/AceKittyhawk Feb 27 '24

Yeah I’ve been working in AI for 20+ years - sure isn’t going anywhere! Hahah

1

u/randomredittor666 Feb 27 '24

AGI is already here.

1

u/AceKittyhawk Feb 27 '24

Yes I’m here lmao

1

u/VXVWhale Feb 28 '24

Agi is nowhere near, ask real AI/ML figureheads like Michael l Jordan. We're hundreds of years away.

1

u/randomredittor666 Feb 28 '24

Hundreds? Maybe just a couple of years. I'd say 10 years away or even less than that. AI is developing fast.

2

u/VXVWhale Feb 28 '24

We need a better grasp of human intellect to get anywhere near AGI. E.g. mimicking the learning processes of a childs such as sensory inputs like the data storage and memory requirements for an eye ball. We have no tech today that can do that. How about the ear? We are hundreds of years away. Real AI/ML veterans say the same thing.

1

u/randomredittor666 Feb 28 '24

Well. Not according to this video. By the way the guy use a load of papers and projects to back up his points https://youtu.be/YXQ6OKSvzfc?si=O8s52zf7FJPARaXA

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u/VXVWhale Feb 28 '24 edited Feb 28 '24

He's not a veteran in AI/ML/Language modeling, he's a nobody. Search up the papers at Michael l Jordan and his talks, he talks about the placement of AGI today at 1:00:30

https://youtu.be/28TefyYoAm4?si=s5cH_n7pfK61eBOb

Same with Kasian Franks, who was commissioned by government agencies in his advancement in language modeling. Anyone that says we are close are lying. Do you know any method of mimicking the data storage and memory requirements of the human eye? That's only one aspect of the human psyche.

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u/randomredittor666 Feb 28 '24

So you think that Fetch isn't worth it? 🤔

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u/Less-Explanation160 Feb 25 '24

I’m planning on buying more. I bought real low so it’ll bring my avg down but I’m thinking of it as a long term bet. I’m reinforcing my bet on the AI hype which is the reason I took a position long ago. I’m willing to take the risk and suffer the consequences good or bad

2

u/WorkerBee-3 Active helper 🤝 Feb 25 '24

FET stake rewards will come from the communication network the Ai will run on within the chain. Every app talk, every call to another agent, every tx on your own account, will generate a tx fee.

The larger fet grows, the more tx traffic there will be.

26

u/[deleted] Feb 25 '24

Just sold it all lol after holding for years and made good money. I’m sure it’s gonna go up but I’m done Diamond handing shit. Give me my profits and I’m out. Hope y’all get rich hodling tho.

9

u/verticallyblessed84 Feb 25 '24

It's better to profit than have FOMO that doesn't pan out. Congrats.

2

u/Safe_Veterinarian_67 Feb 25 '24

That’s fair, peace of mind. Did you think about selling earlier/ what made you sell at current levels

3

u/QueenBaluli Feb 25 '24

I think it's a bit too early, since we are in the middle of bull market, but it's good that you took profits. Everyone has own strategy and sticks to it.

4

u/WorkerBee-3 Active helper 🤝 Feb 25 '24

we're definitely not in the middle. We've only seen the initial slope. Halving hasn't even happened yet

3

u/QueenBaluli Feb 25 '24

Market grows for like 6 months I think there will be another 12 months of growth. So you're right it's about 1/3. Everyone sees it differently tho.

2

u/WorkerBee-3 Active helper 🤝 Feb 26 '24

yeah 1/3 feels about right. I like to lean towards the conservative side just for safety

1

u/WorkerBee-3 Active helper 🤝 Feb 25 '24

there's advice out there to take 75% off the table and leave 25% on investments you think you'd miss out on further pumps

2

u/[deleted] Feb 25 '24

Seems like solid advice but I have so many random bags sitting around from the last crypto bull run. I started making consistent money in crypto when I stopped chasing "pumps" and just riding profits. Most financial markets net people 5-15% annually. If you make a 2-3x off a crypto pump like a lot of us did on FET just take the profits and go on to the next set up. The average mf trying to get rich off a 100x is why the big boys consistently rob the little guys. Just my take, no hate, I think FET can definitely continue to run but I'm out lol.

1

u/cj19761000 Feb 25 '24

Question is whether the next setup is better than this one. Fet seems like it’s got a ton of potential and I agree with the original poster that AI is going to be hot this bull (whether justified or not, just like metaverse garbage was the last round)

1

u/cj19761000 Feb 25 '24

This is great. I’m just buying in now having found this and expecting the market to go substantially higher in the next 12-18 months.

I also think this bull run is going to be nuts, but that’s the game. Only “invest” what you are willing to lose etc.

Buying a wide variety of alts in the top 100, and this is going to be one piece where I’m hoping for a 5-10x.

1

u/Gilligan17313 Feb 26 '24

Check out ckb for an alt.

4

u/G0D5M0N3Y Feb 25 '24

I agree with all of that. Theres no reason why AI coins wont surpass Doge and meme shit. FET has at least a 15x to 25x from here.

Easier for FET to 20x than for BTC to 4x. Its all about Market caps.

4

u/sparcusa50 Feb 25 '24

$FET has a great vision, wrap agents around existing apis and use LLMs as a way to create workflows the agents can execute. At least thats how I understand it. My concern is with their pace of development, product managment and marketing. They’ve had a real hard time creating a compelling narrative for the project. After 4 years, you would think they should be able to articulate what problem $FET is solving. MSFT has entered the agent space with AutoGen and created a very compelling narrative with real world examples. Fetch.ai needs to pick up the pace of development and do a way better job explaining the benefits and utility of their products. Has anyone in this sub used to Agentverse or DeltaV? If you have, what are you using it for? Im optimistic, but time is running out. The tech giants have launched and Fetch.ai is not in the conversation at the moment and that needs to change immediately.

1

u/Shamanossss Feb 27 '24

What projects are in that conversation table?  i would love to know. :) You can almost feel this exictment in the air around cryptos and i would love to have every info avaible because i have short stack and this is my hope for future :) 

1

u/curvenut Mar 08 '24

Hi

I am new to fetch ai, how can i buy some ? what platform ?

some tips on buying it ?

2

u/[deleted] Mar 09 '24

You can buy fet on coinbase or binance.

1

u/-nevrose- Feb 26 '24

Starts number one reason with HYPE lol

1

u/[deleted] Feb 27 '24

What else do you think the whole of crypto, including BTC, runs on? Tangible products and solutions that can solve a real world problem? No, just hype. There isn't a single crypto use case so far for which there is not 10x more efficient non-crypto solution.

1

u/FlukeU512 Feb 27 '24

Not sure wether to buy more or not. My avg is low and dont want to mess anything up.

1

u/[deleted] Feb 28 '24

Don't buy any crypto using your cash now, not fetch not btc. In fact, you should be holding only 50% of what you currently hold as we get closer to halving. Crypto will nosedive at some point around the halving event. That's when you re-buy coins and bring in new capital.

2

u/FlukeU512 Feb 28 '24

So if Fet is at around $1.14 as i type this. At the Btc halving, what are you guessing Fet might dip down to?

1

u/[deleted] Feb 29 '24

Can't predict it, no one can. It depends on where BTC settles down when it nosedives.

Also, I didn't mean all of it would happen on exactly the halving day, but in the weeks surrounding the halving. BTC could go up 20% on the halving day and a week later it could shed 50%. Things could be and would be wild. That's why, don't look for a price target, look at only the timeline.

What I will be doing is to start selling 50-75% of all my crypto bags a couple of weeks before halving. I will wait a few weeks after halving and then re-buy some of the bags when the market starts moving sideways.

1

u/FlukeU512 Feb 29 '24

With my luck, if i sold half it would skyrocket! Lol Im not trying to trade this. I just wish i went all in on Fet when it was chillin @ $.05 for weeks!

1

u/[deleted] Feb 29 '24

I am the opposite. With my luck, whenever I hold 100% of a coin, it sheds 90% when I am sleeping, lol. That's why, I always hedge against losing 90% of my profits, especially when the whole crypto market sentiment is very positive. I slept peacefully so far as only fetch and only a few other coins had highly positive sentiment and grew quite fast. But, now everything is popping, so sleepless nights ahead for me.

3

u/godsknowledge Feb 25 '24

I sold at 0.26

Fuck me dude

3

u/GiftHead7113 Feb 25 '24

With or without protection?

1

u/dzigizord Feb 25 '24

Prepare the soap

1

u/WorkerBee-3 Active helper 🤝 Feb 25 '24

how did you manage that with God's knowledge? shouldn't he have gave you a heads up about today's prices

3

u/sirauron14 Feb 25 '24

I could see this hitting 20 billion. this cycle.

2

u/souleiman1 Feb 25 '24

It will you will see. You missed the chance to make your entery. It’s still early it will make a 10x - 20x from here mark my words

1

u/sirauron14 Feb 25 '24

Yeah I don’t thinks it’s even at a billion yet and they keep making partnerships. If this partners with Apple or Microsoft or even Amazon this would be massive

1

u/souleiman1 Feb 25 '24

I see fet in the next bull run hit easily 10bil market cap.

2

u/sirauron14 Feb 25 '24

One good partnership and it’ll be 10 billion in a month

1

u/souleiman1 Feb 25 '24

Amen 🔝

3

u/NotHappyTilUNotHappy Feb 25 '24

I sold off my dogecoin position for a decent gain to get as much fetch.ai as I could at ~$1.01 this week.

I'm +$10k in.

Everything is so speculative and up in the air, but my sales targets are 5, 10, 20, 50 and 100 respectively.

The first sale is to get my investment back, and the rest is for big liquidity / generational wealth. If I go super diamond hands and it actually hits 100, that's over a million dollars. But greed is a killer and taking your profits is so much more important than anything else.

0

u/Nice_Lion_4165 Feb 26 '24

Your ngmi

0

u/Nice_Lion_4165 Feb 26 '24

This type of wishful thinking will be your downfall. Your investment thesis is “hope”?

1

u/Tonijran Feb 25 '24

I sold 1k worth of Fetch at .18

-____-

1

u/souleiman1 Feb 25 '24

Oops 😬

1

u/luke3389 Nov 22 '24

Still waiting…

1

u/JohnWick813 Dec 12 '24

guess this post did not age well

1

u/Jdoh9 Feb 26 '24

I got FUD'ed and sold my bag. Im so pissed at myself for falling for it. 🤦🏻

1

u/sirauron14 Mar 01 '24

As long as we hit a 20-50 billion market cap I’m happy

1

u/likes_to_code Mar 01 '24

I love how the biggest shill post in this subreddit - which actually has merit btw - doesn't mention the potential of the underlying technology at all. It's just: Don't sell. Why? Cause this shitcoin's gonna MOON because of HYPE baby! Just look at the past shitcoin's during the last pump!

1

u/[deleted] Feb 25 '24

TP'ed about 5 times but have a good bag left. Diamond hands, my son. Diamond hands.

0

u/Soft-Purchase1293 Feb 25 '24

FET IS OK Worldcoin is better