Fetch.ai (FET) assets Fundamental Analysis
Hi friends, From today lecture from @besticofinder I clearly understood the importance of fundamental analysis of assets got getting good returns.
Through this lecture, I understand how we start the fundamental analysis, and what information we need to check before investing in that coin. Thanks for making such a wonderful lecture for us.
But still, I getting confusion about choosing assets for investments. In this market, we having more than 6000+ assets from this how we choose assets for investments.
If possible make a lecture on it.
On searching on Twitter I found FET assets, then after I go and check their website and read it's white paper too.
In my Today Post, I try to discuss what information I got there and why I choose this asset as good growth in the upcoming days.
Fetch.ai (FET) Fundamental Analysis:-
Fetch.ai (FET) is a blockchain-based artificial Intelligent project. Their main vision to do all economic activities needs to do without taking Humans help. Completely run on using Blockchain AI.
This moto attracts me a lot to research more on this project.
Before go through their white paper fist I check it's rank and market cap in https://www.coingecko.com/en.
St present trading around 0.61$ and having around $425,421,501 as Market Cap and ranking 121 in coingecko.
Working in Cosmos Ecosystem, in last one year it gets 6160% growth. In the last 30 days around 149% growth. Now this coin going well.
One more interesting this is it's having a very low supply. It's the complete supply of only 1.15 billion only. These low supply coins always give good returns compared to unlimited supply coins.
It having around $64,447,141 volume for 690 Million FET coins.
Now it trading in all major exchanges like Binance, Bitfinex, Uniswap, and MXC and having a good volume in all exchanges.
First I check these basics details then go to their website.
Its Official Website is https://fetch.ai/
It's the white paper we can check Here
In social Media also they are very active. Now they having around 37K followers on Twitter. They reach this much followers within 1 year. This really good thing.
UI of Fetch.ai Official Site:-
Their website looking very simple, neat, and very attractive.
On staking FET we can earn some rewards also, this feature attracts me a lot.
This platform main Investor is GDA Group & affiliates. They invest nearly 5Million here. They also added Fireblocks’ secure wallet and infrastructure platform for institutional investors only. This feature attracts institutional investors more because here they get 100% security for their investment.
Fetch.ai Main Goal
Its main goal is to make a decentralized digital economy. For this making lot of Tools for solving issues which we facing in current digital platforms.
On using Cambridge-based artificial intelligence lab they building a decentralised machine learning platform. Through this possible to enables secure sharing, connection and transactions based on any data globally.
Here all Transaction do base on AI, so no need for any humans to finish this transaction.
Fetch.ai Network build on Open source. So anyone can Run this application on connecting to Network globally very easily.
FET token distribution:-
It conducts seed, private, public sales in 2018.
In this pie diagram, we can understand the % of allocation in each round.
USECASES:-
Using This we can connect agents and nodes to Network.
Through this agent to agent transaction becomes easy and securely.
Through this, we can access all needed data like discovery, profit, loss, and advertisements services with a single click.
It's real use cases in our Real-life
In Transport:-
At present we having some issues with planning typical trips. Using Fet.ai technology possible to solve all those issues very easily. Through this, we can get dynamic routes and accommodation for our needs.
In Energy Sector:-
In the energy sector, we see a lot of power shut down due to load, due to this, we get power cut until rectifying this issue.
By using this technology we can manage power load very easily so we don't get power shut down due to heavy loads. Because on using Artificial Technology it supplies needed amount to each house, so we don't get any over the flow of power there.
Like that it having a lot of real use cases through this platform.
Fetch.AI Team
It completely having 3 co-founders along with 4 advisors. All are having good experience in this field.
Humayun Sheikh CEO of this team. He having good experience in the Artificial Intelligence field before he is one of the investors in the DeepMind platform. Along with him all team members having good experience in the AI field.
Fetch.AI Partners:-
All major companies having a partnership with this Platform. BOSCH, FESTO, CHAIN, CUDO, WAVES, ANKR along with BINANCE also one of parter.
It shows this project future worth. That's why I choose this project for my investment.
Hope I finish My Homework Task correctly, If any wrong I did pls verify me.
Thanks for Reading My Post.
Hello @lavanyalakshman ,
Thank you for submitting homework task 6 ! Fetch.ai is a project which goes with the latest technologies like AI and IoT. It's a very good project and a good selection.
It was a very informative read ! You have discussed on the project under different topics and also have provided facts which support your selection. good work [7]
Thank you
Thank you very much for verifying my task.