FET Poised for a Surge!

The Artificial SuperIntelligence Alliance (FET), a collaboration of three AI projects, has seen a remarkable 62% increase in the past week.

With just days remaining until the earnings report from NVIDIA, a publicly traded AI and tech giant in the U.S., crypto investors are anticipating a potential surge in AI-related altcoins alongside the report’s release.

FET, a project born from the union of Fetch.ai, Ocean Protocol, and SingularityNET, has gained significant momentum recently. The past week has been especially profitable for FET investors.

FET, one of the leading candidates in the AI bull market, has caught the attention of a whale, whose actions have sparked interest. According to Lookonchain, the whale began taking risks after missing out on FET’s 62% rise last week.

From August 11th to 23rd, the whale sold 2.23 million FET for $2.385 million, with an average selling price of $1.02. However, after FET continued to climb, the whale experienced FOMO (fear of missing out) and bought back 1.79 million FET at $1.33, spending $2.385 million.

The whale’s decision to buy back FET at a higher price, after selling earlier, cost them 440,000 FET. It’s likely that the whale is now holding onto their FET investment, awaiting NVIDIA’s earnings report.

NVIDIA’s Q2 earnings report, set to be released on Wednesday, August 28th, could potentially trigger a rise in several AI-focused coins. Interest in FET, the AI coin with the strongest recent performance, continues to grow daily.

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