- Start of Futures Trading
- Impact of ChatGPT and AI on Tokens
- Price Growth of FET Coin
Coinbase has announced the start of futures trading for FET Coin, which could significantly impact the AI token market.
Start of Futures Trading
A recent announcement from Coinbase indicates that futures trading for FET Coin will begin on October 3, 2024, for Coinbase International Exchange. Following this news, the price of FET Coin rose approximately 4% to reach $1.719, and as of the time of this writing, it is finding buyers at $1.694. The listing of futures trading is expected to bring more liquidity, which is a positive sign for FET Coin in the short, medium, and long term.
Impact of ChatGPT and AI on Tokens
ChatGPT, launched to users at the end of 2022, quickly garnered millions of users and set a record for reaching 100 million users. This success fueled interest in artificial intelligence worldwide. In the cryptocurrency space, the parabolic growth of AI altcoins like FET Coin has been remarkable.
Price Growth of FET Coin
In a challenging market environment, FET Coin surged 4304% over 469 days from the end of 2022 until March of this year. Even today, its price remains 3179% above its launch price, and 145% above the August 2024 low.
The launch of futures trading for FET Coin by Coinbase could bring significant liquidity and interest to the token. This event is important for the AI altcoin market and may contribute to the further growth of FET Coin.
