Will the price of Fetch.Ai (FET) rise before the move to ASI?

The Fetch.ai Fee (FET) is not the Fetch.ai Fee; Artificial superintelligence is the price of an alliance.

When Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity changed to ASI.

Welcome to Fetch.Ai to ASI conversion

Fetch.ai's price is expected to rise before July since the token merger started this week, and is expected to be completed by mid-July. During this transition, Artificial Super Intelligence Alliance will trade under the ticker FET. With a current market capitalization of nearly $3 billion, it has emerged as the second largest asset in the AI ​​token market.

FET whales noted the profit opportunity this presented and jumped to collect as much as possible. In just one week, addresses ranging from 100,000 to 10 million FET raised nearly $73 million over 62 million FET.

These investors expect the price to rise after the merger is completed, which will result in a profit.

However, optimism is not limited to whales; It is also shared by retail investors. Noting that Fetch.ai is being mentioned on social media platforms, the overwhelming sentiment is mostly positive.

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Their optimism reflects the bullishness surrounding ASI and its near-term potential.

FET Price Prediction: Exiting Consolidation

Fetch.ai's price was expected to reap the brunt of the merger, but broader market signals belied this. As a result, FET is still firming between $1.7 and $1.0, and has been for almost a month now.

This consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help the FET break out of it.

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Although the altcoin may decline and show signs of losing the minimum limit of $1.0, it cannot be completely eliminated. If this happens, the bullish thesis is completely refuted.