{"id":426364,"date":"2024-09-24T09:30:17","date_gmt":"2024-09-24T04:00:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=426364"},"modified":"2024-09-23T18:16:05","modified_gmt":"2024-09-23T12:46:05","slug":"fet-surges-as-kamala-harris-backs-crypto-and-ai-whats-next","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/fet-surges-as-kamala-harris-backs-crypto-and-ai-whats-next\/","title":{"rendered":"FET surges as Kamala Harris backs crypto and AI &#8211; What&#8217;s next?"},"content":{"rendered":"<ul>\n<li><em>ASI\u2019s FET token and other AI-related cryptocurrencies charted minor gains.<\/em><\/li>\n<li><em>ASI sought to integrate CUDOS as a new alliance member in a merger that would expand the FET token&#8217;s utility.<\/em><\/li>\n<\/ul>\n<p>AI tokens, including <a href=\"https:\/\/ambcrypto.com\/predictions\/fetch-ai-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Artificial Superintelligence Alliance [FET]<\/a>, came off the weekend trading higher, buoyed by remarks on Artificial Intelligence (AI) and cryptocurrencies by U.S. Vice President Kamala Harris.<\/p>\n<p>Speaking to donors at a fundraising event in New York on the 22nd of September, the Democratic presidential candidate <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-22\/harris-vows-to-grow-ai-crypto-industries-in-pitch-to-nyc-donors\" target=\"_blank\" rel=\"noopener\">voiced<\/a> her administration\u2019s support for AI and digital assets if elected to the top office.<\/p>\n<p>Harris\u2019s comments on the matter, her first in public, signaled a pro-innovative stance, spurring mild enthusiasm in the niche crypto market.<\/p>\n<p>At press time, FET was trading at $1.68, up 6.2% in a day and 27% over the past week as per <a href=\"https:\/\/coinmarketcap.com\/currencies\/artificial-superintelligence-alliance\/\" target=\"_blank\" rel=\"noopener\">data<\/a> from CoinMarketCap.<\/p>\n<figure id=\"attachment_426365\" aria-describedby=\"caption-attachment-426365\" style=\"width: 1579px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action.png\"><img decoding=\"async\" class=\"size-full wp-image-426365\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action.png\" alt=\"\" width=\"1579\" height=\"974\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action.png 1579w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action-300x185.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action-1024x632.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action-768x474.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action-1536x947.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/AI-tokens-price-action-1200x740.png 1200w\" sizes=\"(max-width: 1579px) 100vw, 1579px\" \/><\/a><figcaption id=\"caption-attachment-426365\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Other AI and big data tokens, including <a href=\"https:\/\/ambcrypto.com\/predictions\/bittensor-price-prediction\" target=\"_blank\" rel=\"noopener\">Bittensor [TAO]<\/a>, <a href=\"https:\/\/ambcrypto.com\/predictions\/render-token-price-prediction\" target=\"_blank\" rel=\"noopener\">Render [RENDER]<\/a>, and <a href=\"https:\/\/ambcrypto.com\/predictions\/the-graph-price-prediction\" target=\"_blank\" rel=\"noopener\">The Graph [GRAPH]<\/a>, have also registered a price uptick on the day.<\/p>\n<p>The latest market reaction highlights optimism about the future of AI technologies under favorable regulatory conditions.<\/p>\n<h2><strong>The voting ends soon<\/strong><\/h2>\n<p>Fetch.ai, Ocean Protocol, and SingularityNET merged in March to form the Artificial Superintelligence Alliance, resulting in the new ASI (FET) token.<\/p>\n<p>Earlier this month, the alliance <a href=\"https:\/\/docs.superintelligence.io\/artificial-superintelligence-alliance\/asi-governance-proposal-integration-of-cudos-into-the-asi-alliance#id-6.-voting-process\" target=\"_blank\" rel=\"noopener\">proposed<\/a> a merger involving the integration of CUDOS, which would make the latter the fourth member.<\/p>\n<p>As part of the arrangement, the CUDOS network will provide critical decentralized cloud computing resources, helping the alliance manage its large-scale AI workloads cost-effectively.<\/p>\n<p>In addition to reducing AI development costs without comprising high computational standards, CUDOS\u2019 integration will add to the utility of the ASI token.<\/p>\n<p>The merger will follow an adjusted conversion rate of 119 CUDOS: 1 FET after factoring in a 5% merge fee.<\/p>\n<p>Voting on the proposal <a href=\"https:\/\/voting.singularitynet.io\/\" target=\"_blank\" rel=\"noopener\">opened<\/a> on the 19th of September and is set to conclude on the 24th of September.<\/p>\n<p>Thus far, 95.26% of community members have voted in favor, while 4.74% have opposed the move.<\/p>\n<p>Notably, the pending approval of the integration could create additional momentum for ASI (FET) this week.<\/p>\n<h2><strong>FET\/USD technical analysis<\/strong><\/h2>\n<p>From a technical standpoint, FET remains <a href=\"https:\/\/ambcrypto.com\/fetch-ai-continues-its-bullish-momentum-can-fet-break-the-1-77-resistance\/\" target=\"_blank\" rel=\"noopener\">under pressure below the resistance<\/a> at the $1.77 level.<\/p>\n<p>The FET\/USDT pair is trading above key moving averages, including the 50-day and 100-day SMAs as well as the 50, 100, and 200-day EMAs on the daily chart, indicating bullish sentiment.<\/p>\n<figure id=\"attachment_426366\" aria-describedby=\"caption-attachment-426366\" style=\"width: 1580px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA.png\"><img decoding=\"async\" class=\"size-full wp-image-426366\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA.png\" alt=\"\" width=\"1580\" height=\"973\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA.png 1580w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA-300x185.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA-1024x631.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA-768x473.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA-1536x946.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/FETUSDT-TA-1200x739.png 1200w\" sizes=\"(max-width: 1580px) 100vw, 1580px\" \/><\/a><figcaption id=\"caption-attachment-426366\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Support levels currently appear at $1.235, a psychological price zone providing a floor for the token if the rally stalls.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/fetch-ai-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Artificial Superintelligence Alliance\u2019s [FET] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024\u20132025<\/span><\/p>\n<hr \/>\n<p>While FET <a href=\"https:\/\/ambcrypto.com\/ai-coins-lead-crypto-fet-tao-thrive-as-funding-rates-look-positive\/\" target=\"_blank\" rel=\"noopener\">posted decent gains this month<\/a>, it faces competition from TAO, which has been closing in on its market cap.<\/p>\n<p>CoinMarketCap data shows that TAO is on the verge of overtaking ASI, positioning itself as a top contender in the AI token market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a critical merger on the horizon, ASI price hikes as Kamala Harris backs crypto and AI.<\/p>\n","protected":false},"author":96,"featured_media":426212,"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-426364","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 v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FET surges as Kamala Harris backs crypto and AI - What&#039;s next? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"ASI gained momentum on Sunday after positive remarks from US Vice President Kamala Harris on AI and digital assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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