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See the live Fetch.ai price UK. Buy Fetch.ai in the UK or add it to your Crypto Strategy.

Fetch.ai

FET

FET to GBP Price

£1.19

Fetch.ai Market Cap

£1.01B

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FET GBP price chart / performance

FET GBP price chart / performance

From
Jun 15, 2024
To
Jun 22, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
-3.38%
Return (7D)
+1.85%
Return (1M)
-41.68%
Return (1Y)
+530.91%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Fetch.ai (FET) History and Overview

Fetch.ai (FET) History and Overview

Fetch.ai (FET) is a decentralized, open-access machine learning network built on blockchain technology, designed to foster the growth of a digital economy without human intervention. This innovative network aims to connect devices, services, and individuals to the Internet of Things (IoT), facilitating seamless data sharing and collaboration. At the heart of Fetch.ai's digital economy are suppliers and consumers interacting within a dynamic ecosystem of agents and ecosystems tailored for various purposes and use cases. The live Fetch.ai to GBP conversion is £ 1.19.

Launched in 2017 by a team based in Cambridge, UK, Fetch.ai was co-founded by Toby Simpson, Humayun Sheikh, and Thomas Hain. The project's vision is to create an autonomous environment that seamlessly connects people, organizations, devices, and services through AI and machine learning. This unique blend of technologies enables Fetch.ai to offer solutions across a wide range of industries, including smart cities, supply chains, transport, energy, and decentralized finance, among others.

Fetch.ai operates using three core components: Autonomous Economic Agents (AEAs), the Open Economic Framework (OEF), and the Fetch Smart Ledger. AEAs act on behalf of devices, services, organizations, and individuals within the Fetch.ai ecosystem, learning from past actions to enhance system efficiency through AI. These agents are connected to data sources and hardware, utilizing the predictive capabilities of the Fetch.ai system. The OEF serves as the network layer where data and information are stored, facilitating interaction between AEAs, while the Fetch Smart Ledger, a combination of distributed ledger technology and a directed acyclic graph, processes transactions through sharding.

The network's unique proposition lies in its integration of DAG, DLT, smart contracts, AI, and machine learning, supporting a diverse range of AI-enabled use cases. Fetch.ai stands out as one of the few blockchain projects leveraging AI to improve solutions within the digital economy it represents. Users can create, deploy, and train agents for various purposes, fostering a decentralized digital economy that evolves alongside the network.

The intrinsic value of Fetch.ai is derived from its technology, technical capacity, use cases, and the execution of the project. The FET crypto token, central to the Fetch.ai ecosystem, is used for node operator incentives, as the primary payment method on the network, and to facilitate all operations within the network. Despite market volatility, the demand for FET is influenced by the network's usage rate.

Fetch.ai has a finite supply of tokens, similar to Bitcoin and other cryptocurrencies, which prevents devaluation by inflation. The total supply of FET crypto tokensis capped, making it a scarce asset. The market cap of Fetch.ai, determined by the circulating supply of FET multiplied by its current market price, ranks the cryptocurrency in comparison to its peers and indicates its market share and dominance. The current price of 1 FET in GBP is £ 1.19.

Secured through a variant of Proof of Stake based on Cosmos' Tendermint consensus mechanism, alongside AI and DAG technologies, Fetch.ai employs differential privacy and cryptography to maintain user privacy while ensuring decentralization and transparency. The network's security is further enhanced by the nodes responsible for validating transactions on the ledger.

Fetch.ai enables the creation of a decentralized digital economy where users can develop agents that represent individuals, organizations, devices, and services. These agents can transact and communicate within the network, leveraging AI to revolutionize and enhance various industries. From decentralized finance to supply chain management and beyond, Fetch.ai's technology holds the potential to significantly impact a wide array of sectors.

How To Buy Fetch.ai or Add it to your Strategy

The fastest, most convenient way to purchase Fetch.ai is to purchase it on ICONOMI. We check Fetch.ai live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Fetch.ai by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Fetch.ai is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Fetch.ai, we recommend you read the next section, as copying might be a better approach.

Add Fetch.ai to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Fetch.ai in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Fetch.ai FET. See all Fetch.ai price predictions in real time and make the best use of their crypto knowledge.

$FET $AGIX $OCEAN

https://x.com/asi_alliance/status/1803725301907661138?s=46&t=XVemsvk5aMVj6OCJOWSH_w

We are prepared for this event. Momentum strategies will not be affected by this, as it will be primarily included in Momentum strategies as long as it follows the power law in the sectoral representation of the infrastructure applications sector until a track record is established that we can modify through Momentum strategies.

We dealt with similar events 5-6 years ago, I don't remember exactly, like COSS + LALA = COS Don't worry, this is nothing new.

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2 people like this

Another edition of CHAINLETTER hits the planet's inboxes. Entitled "Bitcoin Is Poised To Break Out Again" we tackle the most critical technical, on-chain, macro and crypto specific issues of the fortnight.


$BTC $NEAR $FET $AR $ETH $LINK


Enjoy it and sign up on our website to receive it directly.

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One person likes this
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@MomenJaradat
10 Jun, 2024

I conducted another study using a different method to reduce potential dilution risks and extract information directly from the market.


I took a larger sample of 200 assets based on market size, excluding stablecoins, from CoinMarketCap.


I calculated the ratio of Fully Diluted Market Cap / Market Cap.

Then, I calculated the average of this ratio.


I found that more than 75% of the assets had a ratio lower than the average, which was 1.92.


This means any asset with a Fully Diluted Market Cap to Market Cap ratio higher than 1.92 could be considered as having potential dilution risks.


You should review it better.

There are a lot of outliers

$APT $FIL $ARB $SUI $OP $TIA $PYTH $STRK $FET $SEI $JUP $DYDX $OCEAN $RSR


https://www.iconomi.com/user/MomenJaradat?postId=53d8c65d-4dc8-4fd2-8156-12634ce9eba2

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2 people like this
Triaconta Top 30
5 Jun, 2024

At last, the market cap of three tokens we have been anticipating for a long time has reached the threshold of the Top 30. They will not stop there! We have added Fetch.AI ($FET), Render Token ($RNDR) and Immutable X ($IMX). Very good for diversification of the Strategy with AI, Metaverse, NFT and Gaming. But we cannot ignore the meme craze of late. We add Pepe ($PEPE) as the third meme coin in the Triaconta Top 30. Render token facilitates distributed GPU rendering for awesome graphics in current and future metaverses and games. Immutable X allows developers to build Web3 games at gigantic scale with advanced gameplay mechanics, allows anyone to mint millions of NTFs and combines high performance with low cost.


We say goodbye to Injective (-35% since addition) and Lido DAO (-20% sa) with some loss, and Aave (+58% sa) with some gain. We get a little nostalgic to see Vechain go, a Top 30 member since february 2020, but we know we made a 450% profit since then.

3 people like this

2/3


Detailed Analysis of the First Correlation Table:


Here is the annual correlation analysis I conducted for the June 2024.


I usually don't publish this, but some people are interested in learning and those copying this strategy likely want to see how their funds are managed properly.


Anyway, I will rebalance the portfolio in a few hours once I finish my complete work as I prepare monthly reports for myself to review periodically.


in risk mode: Assets that have a higher return than the general market are selected. Then the risks are reduced.



Overview:

The first table presents the correlation between various assets, indicating how closely their price movements are related. High correlation (values close to 1) means the assets tend to move in the same direction, while low correlation (values close to 0) indicates more independent movements.



Key Observations:

Highly Correlated Assets

$SOL and $AVAX : High correlation of 82.58%.

$NEAR and $AVAX : High correlation of 81.20%.

$AR and $FET : High correlation of 87.21%.

,,etc


Low Correlation Assets:

$SOL and $JASMY : Low correlation of 21.68%.

$ICP and $AR : Low correlation of 26.20%.

$FET and $IMX : Low correlation of 50.50%.

,,etc


For diversification, it's beneficial to include assets with low correlations in your portfolio. This helps reduce overall risk.


Diversification Strategy:

Combining SOL and JASMY, ICP and AR, or FET and IMX could provide better risk management due to their low correlation.


Overall Assessment:

The selected assets to offer a good mix, but individual asset fundamentals and market trends should also be considered. 

Diversifying with low-correlation assets is key to minimizing risk.


Therefore, the correlation will also be evaluated at the sector level.


Continue reading the next post :)

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4 people like this

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Fetch.ai Price FAQ

What Is the Highest Price of Fetch.ai in GBP?

Fetch.ai price UK history shows the highest value of 2.58 GBP . We recorded this price on March 29, 2024, but we cannot exclude that a higher price was registered before February 3, 2021.

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