Fetch AI Price Surges 10% Ahead Coinbase Listing

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Fetch AI Price Surges 10% Ahead Coinbase Listing – Crypto News

Published

7 months ago

October 1, 2024

Dripp

Fetch AI (FET) price has recently experienced a notable increase despite minor market downturns, highlighting its resilience. This outlook can be attributed to the upcoming Coinbase listing of FET perpetual futures, which may catalyze further gains. FET price has surged by 10% today, currently valued at $1.65. This increase follows the recent announcement that Coinbase will list FET perpetual futures. This positive movement reflects growing investor confidence in FET’s potential.

Fetch AI Price Soars After Coinbase Announcement

Coinbase announced plans to add support for FET on its platform. This addition involves the perpetual future listing of FET under the name FET-PERP on Coinbase Advanced. Trading is set to commence on or after 9:30 am UTC on October 5, 2024.

This move will provide current and new investors with expanded trading opportunities and increased liquidity. The announcement has sparked interest among traders and is anticipated to influence the trading volume and price dynamics of FET leading up to the launch date.

Following Coinbase’s September 27 announcement to include FET perpetual futures, optimism surged, significantly impacting FET’s market price. Initially positioned at a $1.05 support level, FET’s price climbed dramatically, marking a robust 110% increase and reaching a new high of $1.60.

This substantial rally reflects the positive market reaction to enhanced trading options, suggesting a strong belief in FET’s long-term growth potential.

FET Price Hints Gains as Whales Accumulate

Fetch AI price has witnessed notable fluctuations in market activity, primarily driven by significant transactions from “whales. According to the chart data, spikes in whale transaction counts exceeding $1 million are evident, indicating periods of heavy buying or accumulation by these influential market players.

These spikes often coincide with increases in the price of FET, suggesting that whale transactions could be a driving factor in price dynamics. This activity highlights large holders’ impact on market liquidity and price movement in the crypto markets.

If Fetch AI’s bullish trend continues, bolstered by the Coinbase listing and sustained whale accumulation, the FET price could potentially surge to $2. This would mark a significant milestone, reflecting robust investor confidence and market optimism.

Frequently Asked Questions (FAQs)

The price has surged due to the upcoming listing of FET perpetual futures on Coinbase, which has sparked optimism among traders.

Perpetual futures are a type of futures contract with no expiry date, allowing traders to speculate on the future price of a cryptocurrency indefinitely.

Trading is expected to begin on or after October 5, 2024, at 9:30 am UTC.

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