Fetch.ai
About Fetch.ai
The price of Fetch.ai (FET) is $1.52 today, as of Sep 19 03:27 p.m., with a 24-hour trading volume of $690.35M. Over the last 24 hours, the price has increased by 14.19%. Fetch.ai currently has a circulating supply of 2.52B and a market cap of $3.84B.
FET is the native cryptocurrency of Fetch.ai, which is a blockchain-based project aimed at introducing artificial intelligence (AI) to the cryptocurrency economy. Its main selling point are its “autonomous economic agents” (AEAs), powered by AI, that automate decentralized finance functions. Put simply, AEAs are coined as “ intelligent software agentshttps://fetch.ai/how-to-build-and-deploy-an-autonomous-economic-agent-on-the-fetch-ai-agentland-network/” that can perform tasks, such as finding the cheapest airline tickets to Spain or selling an item online to the highest bidder.
The all-time high price of Fetch.ai’s FET token was $1.17 on Sept. 8, 2021. Its all-time low value was $0.00816959 on March 12, 2020.
FET, a token issued on the Ethereum blockchain through the ERC-20 token standard, has a total supply of 1.15 billion. Unlike the case with many other tokens, there is no burning or halving mechanism in place for Fetch.ai’s native token.
FET’s price is volatile, even for the cryptocurrency industry. Despite a successful launch, FET quickly dropped from $0.35 to $0.03 in late 2019 and went even lower in early 2020.
An uptick to $0.15 occurred in August 2020 before the price fell to $0.05 and lower. In March 2021, FET hit $0.28 and $0.78 in quick succession. The price then returned to $0.205 by June before surging again to $0.918415 and $1.17 in September 2021.