🔷 $FET : The Fed tightens while AI builds its own L1
Facts:
• Last night, an alliance of AI projects held an AMA about ASI:Chain — the first L1 built specifically for AI agents
• FET — the token of the alliance of three projects (currently: Fetch.ai, SingularityNET, and CUDOS)
• ASI:Chain mainnet — the end of this year or the beginning of next
• From the March 2024 peak ($3.47), the token is down 95% — the market is voting against the AI story with its money
🧠 My take: The Fed has tightened money; the day before yesterday, the Senate buried the rules for crypto; and the AI alliance showed that it doesn’t expect either cheap money or regulations — it’s building its own chain right now. The market voted against AI tokens, and the engineers didn’t agree with the price and keep building infrastructure. This is exactly the “new story” Phemex’s head talked about — it pulls liquidity away from crypto not because crypto is being called, but because it’s building a foundation while crypto is in a bear market. The only question is whether liquidity will return to mainnet, or whether the story will move forward without money.
⚠️ The AMA was yesterday, and the price hardly reacted — the market still doesn’t believe in the launch.
#FET
❓ Will the ASI:Chain mainnet launch on time or slip into a delay? 👇
Facts:
• Last night, an alliance of AI projects held an AMA about ASI:Chain — the first L1 built specifically for AI agents
• FET — the token of the alliance of three projects (currently: Fetch.ai, SingularityNET, and CUDOS)
• ASI:Chain mainnet — the end of this year or the beginning of next
• From the March 2024 peak ($3.47), the token is down 95% — the market is voting against the AI story with its money
🧠 My take: The Fed has tightened money; the day before yesterday, the Senate buried the rules for crypto; and the AI alliance showed that it doesn’t expect either cheap money or regulations — it’s building its own chain right now. The market voted against AI tokens, and the engineers didn’t agree with the price and keep building infrastructure. This is exactly the “new story” Phemex’s head talked about — it pulls liquidity away from crypto not because crypto is being called, but because it’s building a foundation while crypto is in a bear market. The only question is whether liquidity will return to mainnet, or whether the story will move forward without money.
⚠️ The AMA was yesterday, and the price hardly reacted — the market still doesn’t believe in the launch.
#FET
❓ Will the ASI:Chain mainnet launch on time or slip into a delay? 👇
