{"id":308804,"date":"2023-04-28T06:00:57","date_gmt":"2023-04-28T00:30:57","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=308804"},"modified":"2023-04-27T14:51:59","modified_gmt":"2023-04-27T09:21:59","slug":"fetch-ai-remains-on-track-in-terms-of-development-but-can-it-save-fet","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/fetch-ai-remains-on-track-in-terms-of-development-but-can-it-save-fet\/","title":{"rendered":"Fetch.ai remains on track in terms of development, but can it save FET"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Fetch released multiple updates for its network and wallet in Q2 2023.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">However, daily active users declined and FET\u2019s price remained under bears\u2019 control.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Fetch.ai [FET]<\/span><span style=\"font-weight: 400;\"> showed a commendable start to the second quarter of 2022 with back-to-back updates. The blockchain has already completed 45% of objectives on its roadmap by the second quarter.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Have you taken a look at our <a href=\"https:\/\/twitter.com\/hashtag\/roadmap?src=hash&amp;ref_src=twsrc%5Etfw\">#roadmap<\/a> recently? \ud83e\udd14<\/p>\n<p>If not, we&#39;ve been on fire with releases all around, including <a href=\"https:\/\/twitter.com\/hashtag\/AI?src=hash&amp;ref_src=twsrc%5Etfw\">#AI<\/a>, Agents, our wallet &amp; more! \ud83d\udd25<\/p>\n<p>We&#39;ve already completed 45% of our objectives and are still early in Q2!<\/p>\n<p>Check out the roadmap below \ud83d\udc47<a href=\"https:\/\/t.co\/fOG1PcPQSN\">https:\/\/t.co\/fOG1PcPQSN<\/a> <a href=\"https:\/\/t.co\/HIIxoXkL0v\">pic.twitter.com\/HIIxoXkL0v<\/a><\/p>\n<p>&mdash; Fetch.ai (@Fetch_ai) <a href=\"https:\/\/twitter.com\/Fetch_ai\/status\/1651230116490387457?ref_src=twsrc%5Etfw\">April 26, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">FET market cap in BTC<\/span><\/a><span style=\"font-weight: 400;\">&#8216;s terms<\/span><\/p>\n<hr \/>\n<h4><strong>Fetch.ai\u2019s development soars\u00a0<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Fetch concluded Q1 with the launch of its Agentverse. It is a virtual hub that&#8217;s designed to help users engage with Fetch.ai\u2019s autonomous agent technology, regardless of their technical expertise. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, as the new quarter began,<\/span><a href=\"http:\/\/ambcrypto.com\/fetch-ai-introduces-a-proposal-for-its-nft-marketplace-what-could-be-the-verdict\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Fetch<\/span><\/a><span style=\"font-weight: 400;\"> launched the next version of Agentverse, adding several features. Agentverse v2 added storage functionality, enabling users to record data between messages and internal handlers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Fetch\u2019s latest release was its Fetch Super Wallet v0.9 update. The Fetch.ai Wallet 0.9 includes new automation features like &#8220;Send Assets on Command,&#8221; which allow users to send assets to any address with a single command.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Fetch super wallet v0.9 is here! \ud83d\ude80<\/p>\n<p>Introducing brand new upgrades: <\/p>\n<p>\u25b6 New automation abilities for Fetchbot (IBC &amp; send asset automation)<br \/>\u25b6 expanded data set for better in-wallet <a href=\"https:\/\/twitter.com\/hashtag\/AI?src=hash&amp;ref_src=twsrc%5Etfw\">#AI<\/a> responses<br \/>\u25b6 Feedback feature<\/p>\n<p>Read more in our latest blog post \ud83d\udc47<a href=\"https:\/\/t.co\/Hig9DcKdTG\">https:\/\/t.co\/Hig9DcKdTG<\/a> <a href=\"https:\/\/t.co\/U2BD6LgOmq\">pic.twitter.com\/U2BD6LgOmq<\/a><\/p>\n<p>&mdash; Fetch.ai (@Fetch_ai) <a href=\"https:\/\/twitter.com\/Fetch_ai\/status\/1651234664172986372?ref_src=twsrc%5Etfw\">April 26, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h4><span style=\"font-weight: 400;\"><strong>Launches in the pipeline<\/strong>\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">A look at Fetch\u2019s roadmap revealed that after the latest update with the wallet,<\/span> <a href=\"http:\/\/ambcrypto.com\/fetch-fet-as-investor-interest-depletes-can-these-updates-save-the-network\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FET<\/span><\/a><span style=\"font-weight: 400;\"> will launch native staking on it. Apart from this, FET also plans to provide NFT and faucet support for its wallet.\u00a0<\/span><\/p>\n<figure id=\"attachment_308805\" aria-describedby=\"caption-attachment-308805\" style=\"width: 992px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch.ai-.jpg\"><img decoding=\"async\" class=\"wp-image-308805 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch.ai-.jpg\" alt=\"\" width=\"992\" height=\"766\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch.ai-.jpg 992w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch.ai--300x232.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch.ai--768x593.jpg 768w\" sizes=\"(max-width: 992px) 100vw, 992px\" \/><\/a><figcaption id=\"caption-attachment-308805\" class=\"wp-caption-text\">Source: Fetch.ai<\/figcaption><\/figure>\n<h4><strong>Fetch\u2019s key metrics did not show momentum<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Though development in the ecosystem was on fire, things were not as good in terms of activity on the network. Dune\u2019s <\/span><a href=\"https:\/\/dune.com\/dwj6\/Fetch.ai(FET)-analytics-on-Ethereum\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed quite a few concerning metrics which suggested decreased usage of the blockchain. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">After spiking in February, FET\u2019s daily active users went down. The same trend was also seen on the chart for daily transactions.\u00a0<\/span><\/p>\n<figure id=\"attachment_308808\" aria-describedby=\"caption-attachment-308808\" style=\"width: 1212px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET.jpg\"><img decoding=\"async\" class=\"wp-image-308808 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET.jpg\" alt=\"\" width=\"1212\" height=\"685\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET.jpg 1212w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET-300x170.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET-1024x579.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Dune-FET-768x434.jpg 768w\" sizes=\"(max-width: 1212px) 100vw, 1212px\" \/><\/a><figcaption id=\"caption-attachment-308808\" class=\"wp-caption-text\">Source: Dune<\/figcaption><\/figure>\n<h4><strong>A look at Fetch\u2019s performance in Q2<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">In Q2, FET witnessed a surge in demand, which was evident from Santiment\u2019s chart. The number of FET holders increased considerably over the last month. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Whales also showed interest in FET, as suggested by the spike in whale transactions.<\/span> <a href=\"http:\/\/ambcrypto.com\/can-fetch-fet-declining-trend-end-soon-this-evidence-suggests\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FET<\/span><\/a><span style=\"font-weight: 400;\">\u2019s network growth also remained high, but in the last few days, the graph plunged.\u00a0<\/span><\/p>\n<figure id=\"attachment_308809\" aria-describedby=\"caption-attachment-308809\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023.png\"><img decoding=\"async\" class=\"wp-image-308809 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.44.13-27-Apr-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-308809\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><strong>FET under bearish influence<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">The bearish market affected FET\u2019s price like several other cryptos over the last few weeks. Its price declined by more than 10% in the last seven days. At press time, the token was<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/fetch\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading<\/span><\/a><span style=\"font-weight: 400;\"> at $0.3377 with a market capitalization of over $275 million.\u00a0<\/span><\/p>\n<figure id=\"attachment_308810\" aria-describedby=\"caption-attachment-308810\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023.png\"><img decoding=\"async\" class=\"wp-image-308810 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Fetch-FET-13.49.36-27-Apr-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-308810\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 FETs worth today<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Thanks to the price decline, FET\u2019s MVRV ratio remained relatively low throughout April. Negative sentiments around <\/span><a href=\"http:\/\/ambcrypto.com\/fetch-fet-hits-the-obstacle-at-61-8-fib-level-are-more-gains-unlikely\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FET<\/span><\/a><span style=\"font-weight: 400;\"> were also dominant. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, exchange outflow spiked, suggesting increased buying pressure. Moreover, FET was also on the list of the top BNB Chain projects with the highest bullish sentiment, which looked optimistic for the token.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89 Top <a href=\"https:\/\/twitter.com\/BNBCHAIN?ref_src=twsrc%5Etfw\">@BNBCHAIN<\/a> Projects with Highest Bullish Sentiment\ud83d\udd25<\/p>\n<p>\ud83e\udd47 <a href=\"https:\/\/twitter.com\/search?q=%24BABYDOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BABYDOGE<\/a> @BabyDogeCoin<br \/>\ud83e\udd48 <a href=\"https:\/\/twitter.com\/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FLOKI<\/a> <a href=\"https:\/\/twitter.com\/RealFlokiInu?ref_src=twsrc%5Etfw\">@RealFlokiInu<\/a><br \/>\ud83e\udd49 <a href=\"https:\/\/twitter.com\/search?q=%24CAKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CAKE<\/a> <a href=\"https:\/\/twitter.com\/PancakeSwap?ref_src=twsrc%5Etfw\">@PancakeSwap<\/a><a href=\"https:\/\/twitter.com\/search?q=%24SFUND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SFUND<\/a> <a href=\"https:\/\/twitter.com\/SeedifyFund?ref_src=twsrc%5Etfw\">@SeedifyFund<\/a><a href=\"https:\/\/twitter.com\/search?q=%24QUACK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$QUACK<\/a> <a href=\"https:\/\/twitter.com\/RichQuack?ref_src=twsrc%5Etfw\">@RichQuack<\/a><a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FET<\/a> <a href=\"https:\/\/twitter.com\/Fetch_ai?ref_src=twsrc%5Etfw\">@Fetch_ai<\/a><a href=\"https:\/\/twitter.com\/search?q=%24BRISE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BRISE<\/a> <a href=\"https:\/\/twitter.com\/bitgertbrise?ref_src=twsrc%5Etfw\">@bitgertbrise<\/a><a href=\"https:\/\/twitter.com\/search?q=%24RISE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RISE<\/a> <a href=\"https:\/\/twitter.com\/EverRise?ref_src=twsrc%5Etfw\">@EverRise<\/a><br \/>$1INCH <a href=\"https:\/\/twitter.com\/1inch?ref_src=twsrc%5Etfw\">@1inch<\/a><a href=\"https:\/\/twitter.com\/search?q=%24CEEK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CEEK<\/a> <a href=\"https:\/\/twitter.com\/CEEK?ref_src=twsrc%5Etfw\">@CEEK<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&amp;ref_src=twsrc%5Etfw\">#BSC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/WEB3?src=hash&amp;ref_src=twsrc%5Etfw\">#WEB3<\/a> <a href=\"https:\/\/t.co\/CowbRMS1sA\">pic.twitter.com\/CowbRMS1sA<\/a><\/p>\n<p>&mdash; BSCDaily (@bsc_daily) <a href=\"https:\/\/twitter.com\/bsc_daily\/status\/1651206215022661633?ref_src=twsrc%5Etfw\">April 26, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fetch.ai\u2019s development team has been pushing multiple updates that were mentioned in its roadmap. FET, however, failed to make investors happy\u00a0<\/p>\n","protected":false},"author":75,"featured_media":308812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-308804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fetch.ai remains on track in terms of development, but can it save FET - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Fetch.ai [FET] had a commendable start to the second quarter of 2022 with back-to-back new updates, which looked optimistic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/fetch-ai-remains-on-track-in-terms-of-development-but-can-it-save-fet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fetch.ai remains on track in terms of development, but can it save FET - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Fetch.ai\u2019s development team has been pushing multiple updates that were mentioned in its roadmap. 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