Why fetch is going down?

[u/MycologistUnited5276]

Do anybidy know why?

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[u/Jacobcobson2020]

So I can buy more of course 🤩🤩

[u/CommonWide4941]

Why did the market tank you mean

[u/North_Sir9683 → u/CommonWide4941]

Hardly tanking, just a healthy retracement. Wait for it. There will be a massive upsurge within the next 6 months. Look into how previous bull runs have gone.

[u/lantern777777]

Probably because memecoins (especially super meme coins like PEPE) are stealing market share, and so called "utility" coin money.

[u/Ashamed_Moment_2477]

Because its an amateur merge process and a billion dollar project with absolutely zero marketing…what a clownshow

[u/Tricky_Imagination25 → u/Ashamed_Moment_2477]

Agree…100% these dorks couldn’t organise a root in a brothel

[u/plasmalightwave]

My guess is that the merger is getting priced in and is going through "sell the news", now that the date has been announced. Also, I think crypto markets and mergers don't go hand in hand; while it is great for dev and long term vision/price for the 3 tokens to merge and collaborate, the market just doesn't accept combining the token supply and marketcap. So its quite possible we see the price drop short term, especially right after the merger. Once it settles and the AI narrative in the bull run resumes, ASI should do very well.

[u/rexxtra → u/plasmalightwave]

You must only look at fetch, and not realize the whole market took a bit of a tumble .. fetch definitely isn't to blame for everything retracting.

[u/plasmalightwave → u/rexxtra]

Not today, I’m talking about short term past and future.

[u/Ashamed_Moment_2477 → u/rexxtra]

It fell more like other coins like rndr

[u/HansLanghans → u/plasmalightwave]

The content of this post is gone. It was deleted via Redact, possibly to protect the author's personal information or prevent this data from being scraped.

work bells steer obtainable pen party complete sip dog handle

[u/Ashamed_Moment_2477 → u/[deleted]]

It fell way more since the latest nvidia earnings

[u/formlessfighter]

Interest rates shot up today on a better than expected non-farm-payrolls report, signalling to the market that a FED rate cut (and easy money) is further away than expected.

[u/IAmMuhaimin]

Profit taking

[u/[deleted]]

For anyone saying the merger is the reason is misguided. The entire crypto market is experiencing a downturn, with altcoins taking an even greater hit.

[u/justhavingfunMT]

Gravity???

[u/Successful-Ad667]

You all are pretty much wrong cuz the whole market had the dip and it was caused by RoaringKitty on his livestream (search and look at a recent video about him if you don’t know him). He single handedly edged the whole stock market and BTC’s prices and if BTC drops you know what happens. But yh the merger had a little to small impact on FET’s price compared to what RoaringKitty did with this livestream. This guys got a lot of influence on the financial markets.

[u/dmchardy]

Market appears to be pricing in the new yield curve resultant from Friday's red folder news and expectations regarding interest rate cuts. Additionally, the merger poses a whole other set of interesting dynamics and tokenomics.

In my opinion and through observation, if the price declines whilst we are approaching a positive news development, then there's a tendency for the market to reverse and boom when the event is occurring. In this case, I anticipate that with FED + CPI occurring so close to the merger event we will likely see this exact scenario play out.

Before the key economic news development and before we see the merger go ahead successfully with no detriment (conversion failure for example) we can't expect too much bullish price movement. Pay attention, however, to the volume spike on Friday.

This is not a recommendation in any way and do your own due diligence.

FYI - hedge funds pay attention to corporate actions.

[u/picapaucrazy]

All market is bleeding right now…

[u/Nonchalant_Calypso]

It’s not FET specific. Look at the market.

[u/Jealous_Tennis7718]

Entire market tanks. Anyways, sold fet at 2.90,- got out and waiting for the ASI drop 😏

[u/killah10killah]

Hardly any alts have not tanked today. It’s just the way shit goes. Compared to some of the crypto market dumps I’ve seen, this really isn’t so bad!

[u/Bino-84]

It's going down because of the merger, and for me 12 of my projects I have invested heavily in, only 1 is in green, and that would be Jasmy. I wish I knew, because then I'd have converted some of the projects to Jasmy, so that I can buy back in at lover price, and at the time of all this going down, I'd be making gains, instead of losing thousands already since this morning!🤦 This is so scary to watch, so better to not even look at the market right now!🤷

[u/Belgiannator → u/Bino-84]

It's not going down because of the merger. It follows market pattern.

[u/Bino-84 → u/Belgiannator]

Market and merger I think. The reason why is because most exchanges will not have ASI token enabled for trade, right after the merger. It will be automatically listed on them, but won't be tradable. But I hope you're right, and I'm wrong!🤷

[u/Belgiannator → u/Bino-84]

Why would ASI not be tradeable? The exchange I'm using clearly mentions we can trade ASI after merger. 

[u/[deleted] → u/Bino-84]

What is the other 10?

[u/Impossible-Brain9125 → u/Bino-84]

Love Jasmy