What will happen if $FET $AGIX and $OCEAN will be merged into ASI?
Here is my take on it as banking risk manager:
👉🏼Most of the short-term growth will be included in a pre-merge movement.
I think so because I saw it so many times with stocks: when public is expecting very bullish report from a company, price jumps prior to the official statement just enough to barely move after. Or move and correct back.
👉🏼 As merge will occur, the question is how many of the investors will decide to keep the new coin, and don’t sell it when it slows down or corrects.
👉🏼Issuing price is around FET price which is close to the psychological price of $3, and it will probably rise, and then go down.
The problem is, as coin is new, and there is no history - nobody will be capable of predicting support and résistance levels, and panic might take over.
👉🏼In a long run I see it as very bullish sign simply because the merge will speed up actual product development.
Also, it reduces the competition. In a healthy economy reduction of the competition results in price increase. It will be one of the most powerful AI coins, and if an attraction to the AI narrative holds, demand will increase.
