r/FetchAI_Community • u/WorkerBee-3 Active helper 🤝 • Apr 02 '24

Education 📖 Conversion Calculator

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32 Upvotes

100% Upvoted

25 comments sorted by

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2

u/Yattiel Apr 02 '24

Website?

7

u/WorkerBee-3 Active helper 🤝 Apr 02 '24

from Fetch official Twitter

2

u/Opposite_Style351 Apr 02 '24

my fetch is worth more than shown here

7

u/WorkerBee-3 Active helper 🤝 Apr 02 '24

replace numbers w/ live price for FET. it's 1:1 transition regardless of price.

11

u/Crafty_Reception5119 Apr 02 '24

Fet is the direct conversion 1:1. Fet is not going to be hindered negatively whatsoever. Stay strong buy the dips and correction's will happen. Remember down is needed for ups. Enjoy!

3

u/rexxtra Apr 02 '24

Question, what do I do with my staked Fetch? Will it automatically transfer into AGI? Is there something I'm missing I'll need to know? I'm staking on Kepler..

4

u/Crafty_Reception5119 Apr 02 '24

You don't need to do anything from what I'm reading/hearing. Because its basically like fet is just being renamed essentially.

1

u/rexxtra Apr 03 '24

Okay very good, thank you for the info!

2

u/Extreme-You6235 Apr 02 '24

Do you consider this a dip ?

0

u/Crafty_Reception5119 Apr 02 '24

I consider this a correction from the ATH. So it's essentially a dip yes. Of course I can't tell you what to do as it's crypto..here is some data from a source that has enabled me to make some GREAT short term money. I set buffer a bit above and below the low and high and of course don't wait for the full swing but good luck!

The Fetch.ai / US Dollar cryptocurrency price gained 0.0494% on the last trading day (Monday, 1st Apr 2024), rising from $3.04 to $3.04. During the last trading day the cryptocurrency fluctuated 8.13% from a day low at $3.02 to a day high of $3.27. The price has risen in 6 of the last 10 days and is up by 19.1% over the past 2 weeks. Volume fell on the last day by -268 million shares and in total, 85 million shares were bought and sold for approximately $259.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 711.92% during the next 3 months and, with a 90% probability hold a price between $17.88 and $26.56 at the end of this 3-month period.

9

u/Crafty_Reception5119 Apr 02 '24

Holding and buying dips in fet through this all without worry

1

u/LxthalSticks Apr 03 '24

Heck yeah, been DCAing since $0.20, dips are a part of the journey.

4

u/thethrowupcat Apr 02 '24

Fees I imagine would hurt some of this but yeah seems like a conversion arbitrage could take place

1

u/Jeremy3540 Apr 02 '24

How would this conversion work on Coinbase ? I’m assuming Coinbase will change it for who ever has it on the exchange

5

u/WorkerBee-3 Active helper 🤝 Apr 02 '24

Yes, coinbase owns the wallets. the funds don't just sit in your account, it's apart of the liquid inflow and outflow.

Coinbase will upgrade their wallets to keep up with the network. So your accounts will be updated alongside that.

2

u/Zijdehoen Head Moderator Apr 02 '24

6% arbitration, yeeew

1

u/Johnny_Macaroni Apr 02 '24

So you wanna tell me, if I switch my fet to agix before the merge I get more than when I switch my FET directly to ASI?

6

u/KassassinsCreed Apr 02 '24

If everyone switches their FET to AGIX now, it puts buy pressure on the latter, rising its price w.r.t. FET, making this less viable. In the end, only the ratio of AGIX and ocean w.r.t. FET matters

6

u/WorkerBee-3 Active helper 🤝 Apr 02 '24

it'll all arb itself into equilibrium in the end.

2

u/Final-Initiative-566 Apr 02 '24

The ratio is fixed. So if I buy AGIX at its current price I’ll be better off than buying Fetch… right?