One of the most promising and probably most profitable crypto sectors in the coming years is artificial intelligence. This is because it offers a number of advantages over centrally managed offerings, which can make it significantly more interesting for the general public. One of the most promising AI coins is Fetch.ai, which has reached a new milestone today following the major merger. Find out everything about the development, the potential, the partnership and everything else you should know!
Fetch.ai (FET) shows strength despite the broader market correction
The AI coin FET was one of the few cryptocurrencies to achieve a gain today. But the FET token also stands out in the AI coin sector with its Daily profit of 4.60% . The coin of the new partner GameSwift, on the other hand, even lost 5.21%.
The increase was triggered by the announcement of the new partnership with GameSwiftThis means that the AI coin has now also joined the gaming sector. You can find out more details below.
However, investor optimism is being weighed down by the negative sentiment of the crypto market, which has lost a total of 0.7% of its market capitalization today and is now valued at USD 2.05 trillion.
This is how the FET coin was first held by the horizontal resistance at 1.19 USD. In addition, the diagonal resistance line is still to come. The Death Cross On the course, which tends to indicate falling prices.
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For the resumption of the upward trend First, the resistance zone between 1.47 and 1.56 USD and then the 200-day average at currently around 1.79 USD must be overcome.
The September is historically the worst month for Bitcoin, which can also be noticeable for other cryptocurrencies such as FET. Likewise Is there often another sell-off at the end of October before the US election? the financial markets.
After this and the first interest rate cut in September, the accumulated capital could then quickly flow into the markets and At the beginning of November, prices rose rapidly.
Since AIs are revolutionary, decentralized solutions offer decisive advantages over the technology giants that AI coins were one of the three most profitable crypto sectors this year and Fetch.ai has merged with two other top AI blockchain projects, it offers a above-average potential in this bull market.
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Fetch.ai builds new partnership with GameSwift
Fetch.ai, the platform for AI agents, has announced its partnership with GameSwift, a modular ETH Layer 2 for the GameFi space. This will initially integrate $FET’s AI offerings into a gaming project. In this way, they hope to drive the adoption of AI and blockchains in gaming.
The AI agents from Fetch.ai will be integrated into the GameSwift launcher. The plan is for the unused computing power of the players is used by the gaming platform to calculate the artificial intelligence of Fetch.aiIn this way, participants can in turn earn rewards in cryptocurrencies.
According to GameSwift 67% of users are said to have unused GPU capacity. These can be used, for example, to calculate various AI processes such as the creation of texts, images, videos, sound, analyses and more.
In addition, artificial intelligence will be used to improve the gaming platform itselfFor example, it is planned that the Gameplay and the User interactions be optimized. But also die Launcher capabilities general should be expanded in this way.
The GameSwift team therefore hopes that they will Better response from players It also wants to promote innovation within the sector. Another project is Cloud gaming serviceswhich make even higher quality games possible on poorer devices.
However, the partnership between GameSwift and Fetch.ai is set to go even further. Team members of the gaming project have also joined the Fetch.ai foundation. In addition, the new partner of the AI coin will also become the head of its gaming division.
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What is Fetch.ai?
Fetch.ai is an AI project that is a Blockchain-based platform for various AI agents These can be modularly connected to each other to create the next generation of generative AIs. develop.
You can also use Fetch.ai used and monetized The various AI offerings can be accessed via the company’s own marketplace. This makes it possible to find large language models and AI agents that can be used with and without code.
What is GameSwift?
GameSwift aims to build a bridge between gaming and blockchain technology. To do this, it has a Scaling solution developed for the Ethereum blockchain to ensure the conditions required for gaming.
Therefore, it offers a very high speed and exceptionally low fees. She uses OP stack and should also compatible with other chains GameSwift is aimed at both gamers and developers.
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Shiba Shootout’s GameFi Experience Makes Waves in the Crypto Space
In addition to technology, community also plays a major role in gaming. This is exactly what the decentralized Shiba Shooting which is suitable for the Memecoin market virtual adventure world in Wild West design will develop. This should again Stand for community, entertainment and fun instead of mindless gaming.
Already during the pre-sale, the motivated team has first game in which AppleAppStore and Google Play Store : It is a public library of libraries supported by students. Soon, several more titles will follow, covering a wide variety of genres. According to the white paper, there are In addition to the previous shooter, there are already plans for card games, treasure hunts and meme competitions.
In the latter, participants are asked to demonstrate their creativity and sense of humor. In this way, Shiba Shootout can increase its reach and provide a lot of fun. Campfire Stories are planned, where participants can earn cryptocurrency rewards for their contributions via SocialFi mechanics.
But Shiba Shootout is also making inroads into the DeFi space with the help of its Staking mechanism incentives for long-term investorswhich can have a stabilizing effect on the price. It currently pays investors for the stake Passive income of 881% per yearHowever, this decreased with the increase in investors.
Shiba Shootout is One of the few meaningful memecoins and as versatile as some of the market leaderslike Shiba Inu, Floki Inu and Bonk. It is not without reason that more and more of the leading meme tokens are developing a real business model and hardly any of them are as well adapted to the sector as Shiba Shootout.
The popular coins can only be purchased for 0.02 USD in the pre-sale offer for less than 13 hours. Although it was only recently launched, it has already achieved high sales figures. Due to the rising pre-sale prices and the decreasing staking returns, interested parties should not wait too long if they do not want to miss out on the good conditions.
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