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Fetch.ai rallies ahead of rebranding, merger with Ocean Protocol and SingularityNET
The post Fetch.ai rallies ahead of rebranding, merger with Ocean Protocol and SingularityNET appeared on BitcoinEthereumNews.com. Fetch.ai (FET) rallied, then corrected ahead of the long-awaited merger with Ocean Protocol and SingularityNET. FET expanded to $1.80, before erasing some of the gains. FET continued rising on Wednesday, reaching a peak above $1.80. The token rose along with one last rally for OCEAN. The main reason is that FET would now represent all three projects, trading under one ticker. FET will become a central and prominent AI narrative token, expecting to be rebranded into ASI in the second stage of the merger. Also Read: Fetch.ai Price Prediction 2023-2032: Is FET a Good Investment? The merger is drawing attention to FET as a potential high-value trade. FET has already stepped back from its yearly peak, and may have a reason for another rally. The token’s narrative may boost its position in a market that is seeking active tokens and altcoins among stagnant assets. The expectations of the merger lifted OCEAN from its monthly lows of $0.48 up to $0.70. AGIX also rose slightly to $0.67. The size of the merger based on market capitalization is $7.5B. FET, AGIX and OCEAN briefly rallied even while Bitcoin (BTC) dipped again under $60,000. Coinbase to leave FET, OCEAN holders without automated merger Fetch.ai has negotiated with most exchanges to merge FET and OCEAN tokens from July 1. However, Coinbase will not automate the merger. Instead, users on Coinbase may have to withdraw their tokens to Coinbase Wallet to swap the assets. Coinbase also announced it will not facilitate the shift from FET to ASI. However, Fetch.ai will leave the token conversion window open for a very long time, possibly years. This will give FET and other token holders enough time to withdraw and convert their tokens. Just in: @coinbase will NOT support the migration from $OCEAN to $FET / $ASI – thanks…
The post Fetch.ai rallies ahead of rebranding, merger with Ocean Protocol and SingularityNET appeared on BitcoinEthereumNews.com.
Fetch.ai (FET) rallied, then corrected ahead of the long-awaited merger with Ocean Protocol and SingularityNET. FET expanded to $1.80, before erasing some of the gains. FET continued rising on Wednesday, reaching a peak above $1.80. The token rose along with one last rally for OCEAN. The main reason is that FET would now represent all three projects, trading under one ticker. FET will become a central and prominent AI narrative token, expecting to be rebranded into ASI in the second stage of the merger. Also Read: Fetch.ai Price Prediction 2023-2032: Is FET a Good Investment? The merger is drawing attention to FET as a potential high-value trade. FET has already stepped back from its yearly peak, and may have a reason for another rally. The token’s narrative may boost its position in a market that is seeking active tokens and altcoins among stagnant assets. The expectations of the merger lifted OCEAN from its monthly lows of $0.48 up to $0.70. AGIX also rose slightly to $0.67. The size of the merger based on market capitalization is $7.5B. FET, AGIX and OCEAN briefly rallied even while Bitcoin (BTC) dipped again under $60,000. Coinbase to leave FET, OCEAN holders without automated merger Fetch.ai has negotiated with most exchanges to merge FET and OCEAN tokens from July 1. However, Coinbase will not automate the merger. Instead, users on Coinbase may have to withdraw their tokens to Coinbase Wallet to swap the assets. Coinbase also announced it will not facilitate the shift from FET to ASI. However, Fetch.ai will leave the token conversion window open for a very long time, possibly years. This will give FET and other token holders enough time to withdraw and convert their tokens. Just in: @coinbase will NOT support the migration from $OCEAN to $FET / $ASI – thanks…
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