Fetch.ai has completed proposal number 33 with the successful integration of its mainnet with the CUDOS network. This step involves merging all CUDOS tokens and staked assets according to the defined token ratios, as well as implementing a three-month lock-up program. The integration brings new functionalities to the Fetch.ai ecosystem.
Network Integration and Increased Functionality
The integration adds a new layer of interoperability to the Fetch.ai ecosystem, allowing for more scalable and efficient artificial intelligence and blockchain-based applications. This expansion of decentralized computing capabilities positions Fetch.ai for growth.
Partnership and Cross-Chain Opportunities
Fetch.ai’s collaboration with Injective represents a significant advancement in cross-chain interoperability. Through this partnership, Fetch.ai has begun using Injective’s light client technology within the Inter-Blockchain Communication (IBC) protocol, enabling faster and more efficient asset transfers between the two networks.
Market Reaction and Expert Opinions
Market activity related to Fetch.ai has seen a notable increase, with trading volume surging by 93.89% to reach 121.26 million dollars, and open positions rising by 3.22%. This indicates renewed interest from users in Fetch.ai.
Technical analyst “World of Charts” has noted that FET has broken its downtrend, signaling a potential reversal. If this breakout continues, FET is projected to reach five dollars in the short term. Crypto analyst DamiDefi predicts that due to the technical breakout, increased trading volume, and successful update, FET could rise to thirteen dollars.
Fetch.ai’s network update and collaboration with Injective have made significant contributions to the ecosystem. The rising trading volume and positive expectations from analysts highlight Fetch.ai’s growth potential. Users are closely monitoring the impact of these developments on FET’s value.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
