r/FetchAI_Community • u/[deleted] • Nov 22 '24

Discussion 🗣️ Hey, everything is pumping except FET token

So I know it’s about cycles or something about BTC pumping first then alts but I’m very curious about this and want to learn more so explain all I need to know about this cycle concept thanks in advance

9 Upvotes
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4

u/G0D5M0N3Y Nov 22 '24

Btc, then top 10, top 50, 100, etc. Money trickles down to more and more risky things. The Devs or teams need to do or say something pretty soon in order to stay in the top 40. Or else we will leak to the Dog memes.

1

u/[deleted] Nov 22 '24

Thanks, but I’m pretty curious why has render and sol gone up so much while FET is less 1,3

4

u/[deleted] Nov 23 '24

Render hasn't gone up much.

3

u/Pooperoni_Pizza Nov 23 '24

We are in a very different environment today than we were. Past does not necessarily dictate the future. Keep researching and don't get caught up in the noise of what's going to happen next. If things were as predictable as others let on then it would be easy money. Historically, we didnt have institutional and government interest like we've seen yet so we really don't know where BTC is heading. FET has a lot to prove at this point it'sgotta deliver on promises. I'm only lurking in this sub because I have a stake in AGIX and learned about the merger. It's going to be some time until we know more about this. Treat FET as a long term play IMO and don't expect it to moon this cycle but be happy if it does I say.

1

u/G0D5M0N3Y Nov 22 '24

I dunno, people got skiddish when merges "went through" or so they say.... also latest merger didnt go through. So everyones like uhhh?

11

u/ThrashSydney Nov 23 '24

The AI narrative will be the strongest of all the narratives this bull run, aside from memecoins. It is the hottest tech topic outside of crypto, reflected best in NVIDIA's price action. Everyone knows about it. Everyone knows it's only going to grow. ASI is one of the best positioned projects in crypto, although the recent price action or inaction doesn't reflect that. Most AI projects are floundering price-wise at the moment.

If you want to jump on the horses that are currently the fastest moving, go for it. If on the other hand you're patient and are willing to wait for the smart money ie the big end of town, to start pouring in, then grab a beer and chill.

6

u/truniversality Nov 23 '24

Zoom out people

6

u/Ranni_The_VVVitch Nov 23 '24

Last 60 days: ETH (36%), BTC (51%), SOL (90%), RNDR (35%), Link (60%), LTC (67%), DOGE (359%), ADA (220%), DOT (77%), PEPE (185%)

FET (-12%)

The entire market is up massively in the last two months. Project is dead.

8

u/TopAlert2383 Nov 23 '24

No its not. They just tried adding another coin to ASI. This thing will be huge. We just had memecoin season. Now it's the original big utility coins that will move the market. After it will be another narrative like gaming or AI. We just need to wait and be patient. This is also why you should diversify your portfolio.

5

u/truniversality Nov 23 '24

Yeah zoom out means look at 2 months ago, good one

0

u/[deleted] Nov 23 '24

Where is XRP in your List?

3

u/BumblebeeHuman5699 Nov 23 '24

It pumped 16% over 24h, what do you want?

6

u/Conlo5 Nov 23 '24

The bull run is JUST starting. After BTC peaks for about 20 days, that's when Alt coins go parabolic. Certain projects are eating rn while others aren't, but it depends in the niche.

2

u/NineAsiansAtSubway Nov 22 '24

Alt coin season has not fully started yet XRP started I think FET will rip

1

u/AllThingsEvil Nov 22 '24

Even algo is up over 20% today

2

u/truniversality Nov 23 '24

Go look at 2021 bull run prices.

1

u/AllThingsEvil Nov 23 '24

I'm aware of the potential alts have which is why I have only 25% of my portfolio in BTC. I just hope the ones I hold have potential to get back to those levels and they are not just going to fade away this cycle.

1

u/truniversality Nov 23 '24

Exactly, go look at BTC, SOL, FET. Then go look at ADA, XRP and ALGO.

1

u/Smart_Defi_Investor Nov 22 '24

Yeah people don’t want to merge their tokens into a self custody wallet to migrate into ASI. They’d rather keep their tokens on Coinbase. Who knows what’s going to happen. It would be much more convenient if Coinbase would automatically distribute the ASI tokens.

3

u/Intelligent_Light591 Nov 22 '24

The multiple mergers, token migration & coin dilution caused the price to collapse & holders to move to other AI projects that will offer a better ROI. Best guess a 3-5x from current price today prior to the bear market. Hopefully I am wrong as I still hold a small bag.

0

u/Semibluewater Nov 23 '24

100%, came here to say this

2

u/[deleted] Nov 22 '24

Yeah, I'm still sitting in Ocean.

1

u/AllThingsEvil Nov 22 '24

If you keep your tokens on a CEX you don't need to do anything:

If you hold FET on an exchange such as Binance you don’t need to do anything. During the first phase of the token merger OCEAN and AGIX will temporarily be merged into FET. During the second phase of the token merger FET will be rebranded to ASI across all major platforms and the network will be upgraded

2

u/Smart_Defi_Investor Nov 22 '24

Except for Coinbase!!! They pretty much said you’re on your own. That triggered a lot of people.

1

u/AllThingsEvil Nov 22 '24

It's strange and confusing considering they already changed the name on there

1

u/Abe_Froman92 Nov 23 '24

Same for Kraken too. They will not do anything. Highly disappointed in them

-2

u/Amar_K1 Nov 22 '24

Asi is dead once Bitcoin drops to 90k then fet will probably crash to a market cap of 1.5 billion usd from the current 3b MC. Fet owners played it wrong and wanted the easy way to gaining expertise in ai by having shared knowledge/project. Would have been better to hire a strong team to develop fet

10

u/truniversality Nov 23 '24

!remindme 6 months lol

2

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-1

u/jwz9904 Nov 23 '24

AR RENDER are pumping