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Fetch AI and Chainlink Combine AI and Blockchain for New Use Cases

With Chainlink, Fetch AI will now have access to more real-world data from diverse sources

May 19, 2024 12:22 PM

Reading time: 3 minutes, 24 seconds

TL;DR The convergence of blockchain technology and artificial intelligence is ushering in a new era of decentralized innovation. Fetch.ai and Chainlink's partnership unlocks new frontiers, while Algotech's presale has attracted global investors with its ambitious algorithmic crypto trading ideas.

Fetch.ai and Chainlink's Partnership Unlocks New Frontiers

The partnership between Fetch.ai and Chainlink is not just a collaboration, but a significant leap forward for decentralized technologies. By leveraging Chainlink's secure and reliable oracle networks, Fetch.ai's AI agents, the core of its platform, are poised to revolutionize the way we interact with real-world data.

With this integration, Fetch.ai's AI agents, which are intelligent, autonomous entities that can perform tasks on behalf of users, can now access and utilize real-world data from diverse sources. This combination promises to unlock numerous new use cases, ranging from decentralized finance (DeFi) to supply chain management, by enabling AI agents to make more informed and intelligent decisions.

Introducing BlockAgent, Fetch.ai's innovative blockchain monitoring tool, further cements the platform’s position as a leader in the Web3 ecosystem.

BlockAgent enables users to observe and monitor real-time blockchain activities, facilitating strategic deployment and enhancing observability across multiple chains. With BlockAgent, users can stay on top of blockchain activities and make informed decisions.

Fetch.ai (FET) Token Surges 10% Faces Resistance At $2.35

In light of this, FET has experienced a price surge, reflecting the market's confidence in the platform's future direction. The token witnessed a remarkable 10% price increase, solidifying its position as a contender in the rapidly evolving Artificial Intelligence (AI) and blockchain space.

However, the price surge was short-lived, as FET is trading at $2.26 with a 24-hour trading volume of $270 million. Despite a 1.72% dip in the last 24 hours, Fetch.ai's market capitalization remains robust at $1 billion, ranking it the 54th largest cryptocurrency on CoinMarketCap.

Market analysts and industry experts have hailed Fetch.ai's integration with Chainlink as a game-changer, recognizing the potential of AI tokens to lead the narrative in the next cycle of the cryptocurrency market.

"Renowned trader Daan Crypto highlighted FET's attempt to break above the diagonal trendline, considering the $2.35 mark as the first resistance level to reclaim."

A successful breakout above this level could signal a further trend change, potentially driving the token's price higher in the coming weeks.

Algotech Presale Surpasses $4.9M with 20k Members

Another exciting project within the same space is Algotech, which has been gathering entirely some attention with its innovative approach to algorithmic crypto trading.

The presale of Algotech has already hit over $4.9 million in volume, and with a community of over 20,000 members, the potential return on investment is quite staggering: up to 1200%.

Algotech boasts cutting-edge features ranging from algorithm strategies, robust technical infrastructure, advanced risk management, and machine-learning capabilities. This makes the project a strong competitor in the algorithmic trading industry.

The project's commitment to transparency, decentralization, and ethical AI practices further solidifies its appeal to investors looking for a reliable and trustworthy platform.

Additionally, Algotech has launched a mega $250k giveaway, a strategic move to engage the community and garner support. In this giveaway, ten lucky winners will receive $25k worth of ALGT tokens each. This irresistible offer not only rewards the community but also aims to drive the project's growth and visibility, as more people get to know about Algotech and its potential.

Conclusion

As the decentralized landscape continues to evolve, the integration of Fetch.ai and Chainlink, and the Algotech presale, are not just milestones, but the dawn of a new era in blockchain and AI-driven technologies. This underscores the industry's relentless pursuit of innovation and its unwavering belief in the potential for decentralized solutions to be adopted across various sectors through collaborations and synergies.

Learn more: Visit the Algotech presale and join the Algotech community. This is your chance to get involved in a groundbreaking project and be part of the future of algorithmic crypto trading. Don't miss out on this opportunity to learn more and engage with the Algotech community.

Disclaimer: Coinspeaker is not responsible for any materials on this page's trustworthiness, quality, or accuracy. We recommend you conduct research on your own before taking any decisions about the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused by your use of any services or goods presented in the press release.

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