Why did AI coin FET suddenly jump 17%? Market recognition behind the improvement in ecosystem completeness

FET has increased by 17.74% in the past 24 hours, currently trading at $0.29, with a market capitalization of $667 million. Behind this surge is not only short-term trading sentiment but also an increased market recognition of its ecosystem—the Artificial Superintelligence Alliance (ASI).

Direct Drivers of Short-Term Rise

According to the latest news, FET’s rally was accompanied by a significant increase in trading volume. The 24-hour trading volume reached $166 million, with a market cap increase of $101 million compared to the previous period. This combination of rising price and volume indicates that it is not merely a capital game but that actual participants are entering the market.

Looking at price fluctuations, FET touched a low of $0.20 and a high of $0.29 within 24 hours. The volatility range is relatively healthy, with no extreme gaps. This moderate increase reflects a market reassessment of the project.

Fundamental Support: Ecosystem Integrity Enhancement

The ASI Alliance is jointly built by Fetch.ai, SingularityNET, and CUDOS, representing cross-ecosystem collaboration in the AI field. The alliance offers a relatively complete product system:

• ASI:Chain, as an AI-native layer blockchain, addresses the infrastructure needs for decentralized AI
• ASI-1 Mini, a Web3-native large language model, supports autonomous agents
• ASI:Cloud provides GPU cloud computing services covering inference needs
• Agentverse multi-agent collaboration framework and tools like ASI Wallet

This complete tech stack from the underlying chain to application layer provides the market with a clear product roadmap. Compared to many AI tokens with only concepts, FET has actual products and services in operation.

Market Position and Risk Reminder

FET is currently ranked 79th in the cryptocurrency market cap list, with a fully diluted market cap of $785 million. It is important to note that the project has a relatively large circulating supply—currently 2.31 billion tokens out of a total supply of 2.71 billion.

Market analysts have pointed out issues related to supply inflation. From a peak of $3.45 with 800 million tokens in circulation, to the current 2.3 billion, this dilution could impact long-term value support. Additionally, the lack of a deflationary mechanism is also a factor to watch.

Future Trend Observation

From a technical perspective, recent market analysis suggests that FET may reach a target price of $0.36. The current RSI indicates the project is in a rebound phase, with short-term momentum still present.

However, it is important to clarify that this is just a technical analysis viewpoint and does not guarantee future movement. Investors should continue to monitor the project’s actual progress, ecosystem development speed, and overall market sentiment towards AI tokens.

Summary

FET’s 17% increase reflects two levels of change: first, the increased recognition of the ASI ecosystem’s completeness; second, an improvement in short-term trading sentiment. Fundamentally, the project has actual products and technical support; but on the risk side, supply inflation and the absence of a deflationary mechanism are long-term concerns.

For investors, this is not a “buy the dip” signal but a point to observe the project’s progress. Future focus should be on the actual implementation of the ASI ecosystem and how the project team addresses supply issues.