Trader Makes $12M As Fetch.ai Enjoys 30-Day Surge On Heels Of $100M Infrastructure Deal
Portfolio Pulse from Khyathi Dalal
Fetch.ai (FET), an AI-related cryptocurrency, has seen a 350% surge in 30 days, following a $100M infrastructure deal involving Nvidia GPUs. This surge has resulted in significant profits for traders, with one making $12M. The total market cap of AI coins has increased by 14%, with Fetch.ai being the second most-traded AI coin. The upcoming Nvidia GPU Technology Conference and bullish sentiments from notable crypto figures further fuel optimism for FET's growth.
March 07, 2024 | 8:04 pm
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POSITIVE IMPACT
Fetch.ai's 350% surge in 30 days, driven by a $100M infrastructure deal and bullish market sentiment, has significantly increased its visibility and trading volume.
The substantial surge in Fetch.ai's price can be attributed to the announcement of a $100M infrastructure investment involving Nvidia GPUs, which has not only increased its market cap but also attracted significant attention from traders and investors. The positive sentiment is further bolstered by the upcoming Nvidia conference and optimistic projections from crypto analysts.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100