Renowned cryptocurrency analyst known as il Capo has shared his views on the altcoin FET, despite its recent value losses.
Current FET Market Situation
As of writing, FET is trading at $0.70, which is 46% lower compared to the previous month. The altcoin associated with the Artificial Superintelligence Alliance continues to show declines.
Analyst il Capo's Predictions
Analyst il Capo stated that while the price may drop a bit more, in the long term, the range from $0.50 to $0.85 is a buying zone. He also expects that FET could reach $5 in the coming weeks.
History and Prospects of FET
FET is an altcoin formed by the merger of Ocean Protocol, SingularityNet, and FetchAI. During the active interest in ChatGPT, FET reached a price level of $3.47. Currently, this price is 79% below its all-time high level.
Despite the current decline in FET's value, analysts' forecasts show optimism regarding the further development and growth of the altcoin. It is assumed that FET will be able to regain its positions in the future.
