• The AI market is estimated to grow at a CAGR of 22.26 percent between 2022 and 2027, and blockchain technology is expected to play an important role in the adoption of AI-decentralized cloud-based projects.
• Fetch.ai (FET) has gained whale attention due its 10X price increase over the past two months, leading to a 24-hour trading volume of about $154 million and a market capitalization of approximately $450 million.
• On-chain analytic firm Santiment reported that 135 million FET tokens worth about $61.2 million have been transferred to an Ethereum whale account.
Overview Of The AI Market
The artificial intelligence (AI) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of about 22.26 percent between 2022 and 2027, resulting in a size of the AI market increasing by approximately $125.3 billion. Blockchain technology, which has gained global recognition due to its tamper-proof capabilities, is expected to play a crucial role in adopting AI-decentralized cloud-based projects in order for AI’s exponential growth potentials to be realized.
FetchAi (FET) Gains Whale Attention
Recently, FetchAi’s (FET) price has skyrocketed 395% this year alone making it the 102 assets by market cap in crypto according to on chain analytics firm Santiment. This surge led to its 24-hour trading volume reaching around $154 million with its current market capitalization standing at approximately $450 million dollars; resulting in whale traders being attracted by the huge volatility which analysts forecast will continue in the near term future. Further evidence that large investors are interested can be seen from Santiment reporting that 135 million FET tokens worth around $61.2 Million were successfully transferred into an existing Ethereum whale address containing 224 Million ETH as well as other digital assets like Bitcoin and Litecoin too!
TRON Network Enables Smart Contract Implementation
The TRON network allows developers of decentralized applications implement smart contracts seamlessly with the integration of Artificial Intelligence technology providing added security and efficiency while maximizing their potentials through automated payments using blockchain technology which further streamlines the payment process for developers working with AI systems or platforms.
Implications For The Crypto Market In 2023
Given these developments it’s likely that if this trend continues then there’s much more upside potential for FetchAi’s (FET) price especially given that most investors are bullish on both artificial intelligence as well as cryptocurrency markets alike so it wouldn’t be unreasonable to expect them dominating each sector respectively come 2023! However caution should still be exercised when investing given just how volatile cryptocurrencies can be so please do your own research prior taking any action!
Conclusion
Overall it appears that FetchAi (FET)’s price could potentially dominate both the artificial intelligence as well as cryptocurrency markets come 2023 if these current trends continue however caution should still be exercised when investing given just how volatile cryptocurrencies can be!
