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Reading: Trading Volume Up 93%! Strong Market Signals for This Altcoin
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Deythere > News > News > Trading Volume Up 93%! Strong Market Signals for This Altcoin
News

Trading Volume Up 93%! Strong Market Signals for This Altcoin

Fetch.ais recent network update and integration with CUDOS featuring growth and interoperability. Show the Fetch.ai logo p
Camila Santos
Last updated: October 29, 2024 12:40 pm
By
Camila Santos
Published October 29, 2024
2 Min Read
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Fetch.ai recently completed an important network update under Proposal 33, successfully integrating its mainnet with the CUDOS network. This integration unifies all CUDOS tokens and staked assets according to set token ratios, adding significant functionality to the Fetch.ai ecosystem with a three-month locking program.

Contents
Network Integration Brings Enhanced InteroperabilityPartnership with Injective and Cross-Chain PotentialMarket Reaction and Analysts’ Views

Network Integration Brings Enhanced Interoperability

With this integration, Fetch.ai now benefits from an additional layer of interoperability. This move broadens Fetch.ai’s decentralized computing capabilities, enabling it to support more scalable and efficient AI and blockchain-based applications.

Partnership with Injective and Cross-Chain Potential

Fetch.ai’s latest partnership with Injective presents new developments in cross-chain interoperability. Through this collaboration, Fetch.ai has started utilizing Injective’s light client technology within the Inter-Blockchain Communication (IBC) protocol. This enhancement enables faster and more efficient asset transfers between the two networks, creating exciting new possibilities in decentralized applications.

Fetch.ais network growth after its integration with CUDOS and partnership with Injective. Display the Fetch.ai logo at the ce

Market Reaction and Analysts’ Views

Fetch.ai has seen a significant increase in market activity, with trading volume surging by 93.89% to $121.26 million, and open interest rising by 3.22%. This spike signals renewed investor interest in Fetch.ai.

Technical analyst “World of Charts” has observed that FET has broken out of its downtrend, indicating a potential reversal. If this breakout holds, FET could reach $5 in the short term. Meanwhile, crypto analyst DamiDefi predicts that with the impact of this technical breakout, increased trading volume, and successful updates, FET could climb as high as $13.

Fetch.ai’s recent network upgrade and partnership with Injective have contributed significantly to its ecosystem. With rising trading volume and favorable analyst predictions, Fetch.ai shows strong growth potential. As reported by Dey There, users and investors are closely monitoring these developments and their impact on FET’s value.

Fetch.ai, CUDOS, Injective, interoperability, trading volume

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ByCamila Santos
Camila Santos is a blockchain and cryptocurrency specialist with 9 years of experience in the field. Starting her career in the financial sector, Camila quickly became interested in the potential of blockchain to revolutionize finance. She has since been involved in several high-profile blockchain projects, including the development of decentralized platforms and financial products. Her expertise spans across blockchain governance, smart contracts, and the broader implications of blockchain for the global financial system. At DT NEWS, Camila provides readers with expert analysis and commentary on the latest developments in the blockchain and cryptocurrency industries, ensuring they stay informed about key trends.
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