FET’s price jumped after U.S. Vice President Kamala Harris backed AI and cryptocurrencies. The token rose 6.2% in a day and 27% in a week, hitting $1.68.
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Kamala Harris’s Endorsement Boosts FET Amid Cryptocurrency Market Volatility
Harris spoke in favour of AI and digital assets on September 22 in New York. This was her first public comment on these topics. Her support caused a slight uptick in niche crypto markets.
AI Tokens Rally
Other AI-linked cryptocurrencies also gained value, including Bittensor (TAO), Render (RNDR), and The Graph (GRT). This rise shows hope for AI tech under friendly rules.
Artificial Superintelligence Alliance Expansion
FET‘s price increase comes as its alliance grows. A vote is underway to add CUDOS as a fourth member. CUDOS would offer lower-cost cloud computing for AI tasks.
This could make FET tokens more useful; thus, more people could be interested in investing.
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FET Technical Analysis
FET faces a barrier at $1.77. However, it trades above key moving averages daily. This suggests a positive outlook, and support sits at $1.235.
FET has grown well lately, but TAO is catching up in market value. This rivalry may affect FET’s standing in AI tokens. We’re excited to see the results.
Market Implications
Harris’s support might signal wider acceptance of AI and crypto tech. Yet, unclear regulations still worry investors.
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Experts are watching FET closely, as they are expecting to see how the AI token will perform next. This idea reflects trends where AI meets blockchain, and could pave the way for a new crypto future. The CUDOS vote result could push FET’s value further, and we will keep you posted on this development.