FET price has been facing a strong downturn for the last three months losing nearly 62% of its value. Despite the recent recovery in the broader markets, FET failed to make a comeback.
Moreover, the last three months have been very challenging for the AI sector and especially FET. FET recorded a robust 300% rise intermonth from mid February to Mid March.
However, the price could not follow through and a selloff was observed on the charts. The selloff continued till date with some small gains in the short term. Let’s analyze whether FET will slump more or head for recovery.
Social Metrics Highlights an Increased User Engagement
Fetch.ai, Ocean Protocol, and SingularityNET have merged their tokens to form the Artificial Superintelligence Alliance, now trading under the FET token. This new alliance is poised to be a significant player in AI research and development.
The recent sessions have shown notable improvements in on-chain metrics such as social volume and social
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