{"id":33019,"date":"2024-06-25T13:04:37","date_gmt":"2024-06-25T13:04:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fet-inj-soar-up-to-20-as-injective-announces-plans-to-collaborate-with-fetch-ai\/"},"modified":"2024-06-25T13:04:37","modified_gmt":"2024-06-25T13:04:37","slug":"fet-inj-soar-up-to-20-as-injective-announces-plans-to-collaborate-with-fetch-ai","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fet-inj-soar-up-to-20-as-injective-announces-plans-to-collaborate-with-fetch-ai\/","title":{"rendered":"FET, INJ soar up to 20% as Injective announces plans to collaborate with Fetch.ai"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
\n<\/p>\n

\n

Fetch.ai (FET) and Injective (INJ) defied the current bearish markets with significant price increases over the past day.<\/p>\n

<\/p>\n

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals\u2122 for FREE<\/a>. Takes 2 mins.<\/em><\/strong><\/p>\n

<\/span><\/p>\n

Monday\u2019s X post from Injective about \u201csomething brewing\u201d with Fetch.ai catalyzed recoveries for the altcoins within the last 24 hours.<\/p>\n

\n

Injective\u2019s post feature the company\u2019s logos with a wavy line connecting them. That indicates an exchange of data between the duo.<\/p>\n

Despite the few details, crypto enthusiasts interpreted the image as signaling a strategic partnership between Injective and Fetch.ai.<\/p>\n

Market response<\/h2>\n


\nCopy link to section<\/span>
\n<\/a><\/p>\n

While the community awaits further details on the planned alliance, Injective\u2019s post attracted speculations.<\/p>\n

The development comes as players await the upcoming merger<\/a> between Fetch.ai, Ocean Protocol, and SingularityNET, into the ASI token.<\/p>\n

One player questioned whether FET developers have shifted from the anticipated ASI token merger and opted to work with Injective.<\/p>\n

\n
\n
\n

OMG $fet<\/a> team had change of heart and is merging with $inj<\/a> instead of the other two \ud83d\ude35\ud83d\ude35<\/p>\n

\u2014 Pinkee (@ordinary_Dave_K) June 24, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

FET and INJ\u2019s current price actions<\/h2>\n


\nCopy link to section<\/span>
\n<\/a><\/p>\n

The speculations that emerged saw the associated tokens recovering from Monday\u2019s slump.<\/p>\n

FET climbed to $1.70 from $1.42 following the Injective\u2019s post, gaining 19.72% on its daily chart.<\/p>\n

Fetch.ai traded at $1.67 at press time, with daily trading volume up 85% to $282.5 million.<\/p>\n

Altcoin INJ displayed a similar performance as it gained 14.59% over the last 24 hours to trade at $23.11 during this writing.<\/p>\n

FET & INJ 1D Charts on Coinmarketcap<\/figcaption><\/figure>\n

Besides the Injective-induced recovery, AI-related tokens such as AGIX, ARKM, and OCEAN recorded bullish moves over the past week.<\/p>\n

AGIX gained 37% on its 7-day chart, while ARKM and OCEAN soared 28% and 35% in that timeframe.<\/p>\n

The performance likely drew attention as the broad market recorded losses over the last seven days. <\/p>\n

Bitcoin and Ethereum dropped 6.5% and 1.25% in the past week.<\/p>\n

AGIX, FET, and OCEAN have stayed on the investor radar<\/a> due to the upcoming merger, potentially contributing to their upside stance.<\/p>\n

The trio looks ready to maintain robust momentum in the upcoming sessions.<\/p>\n

Analyst Posty displayed confidence in FET\u2019s recovery as \u201cthe chart isn\u2019t looking too bad.\u201d<\/p>\n

\n
\n
\n

$FET<\/a><\/p>\n

Can’t believe I’m saying this but the chart isn’t looking too bad here\u2026<\/p>\n

Yesterday we seen a higher low form and now the question is, can we follow up with a higher high?<\/p>\n

Currently facing local resistance at $1.70. From here to $1.95 it’s a bit of an ugly zone but it’s a\u2026 pic.twitter.com\/x0lYNwBFiN<\/a><\/p>\n

\u2014 Posty (@PostyXBT) June 25, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Fetch.ai printed a higher low, and Posty expects a smooth sail toward $1.95 if FET overcomes the resistance zone at $1.70.<\/p>\n

Further, Injective\u2019s staking data shows confidence about the altcoin\u2019s future performance.<\/p>\n

\n

INJ investors have staked more than 58.44 million tokens, painting an optimistic picture for the token.<\/p>\n

Bitcoin\u2019s recovery from its current downbeat mood will boost FET and INJ\u2019s revivals to record highs.<\/p>\n

\"Injective<\/p>\n

\n

\n
\nAd<\/span>\n<\/p>\n

\n

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals\u2122<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n