Fetch.ai successfully completed the network update within the scope of proposal number 33 and integrated its main network with the CUDOS network. With this step, all CUDOS tokens and staked assets were merged according to the determined token ratios. This integration, combined with a three-month lock-in program, brought new functionality to Fetch.ai’s ecosystem.
Network Integration and Functionality Increase
This integration added a new layer of interoperability to the Fetch.ai ecosystem. Now, by expanding its decentralized computing capabilities, Fetch.ai is able to support more scalable and efficient artificial intelligence and blockchain-based applications.
Partnership and Cross Chain Opportunities
Fetch.ai’s new collaboration with Injective offers a remarkable advancement in cross-chain interoperability. Through this partnership, Fetch.ai began using Injective’s light client technology in the Inter-Blockchain Communication (IBC) protocol. Thus, faster and more efficient asset transfers between both networks became possible.
Market Reaction and Analysts’ Views
Market activity regarding Fetch.ai has increased significantly. The transaction volume increased by 93.89% to 121.26 million dollars, and the open position attracted attention with an increase of 3.22%. This was an indication of the revival of investors’ interest in Fetch.ai.
Technical analyst “World of Charts” noted that FET has broken the downtrend, signaling a potential reversal. If this break continues, it is predicted that FET will reach $ 5 in the short term. Crypto analyst DamiDefi, on the other hand, predicts that FET may rise up to $13 due to the technical break, increased transaction volume and successful update.
Fetch.ai’s network update and the collaboration with Injective made a significant contribution to the ecosystem. Increasing trading volume and positive expectations from analysts point to Fetch.ai’s growth potential. Users and investors are closely monitoring the impact of these developments on the value of FET.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
