moment of truth for FET coming very soon to determine the futureFET behaved weaker than expected before (see dimmed trendline drawn before)
it also wicked out below major support, which is not great, though not too horrible either.
It adds to weakness -- strong selloffs, followed by weak rallies
Either way, we approach a crucial short term trendline. Breakout and we can expect more growth short term for the weeks ahead. Followed by another major decision point.
If we go down, we can break down lower.
Not trading this for now until I see strength. Neutral.
ASIUSDT
FET + AGIX + OCEAN tokens = ASI. When and what price ?In April 2024, the merger of FET, AGIX, and OCEAN tokens into ASI (Artificial Superintelligence Alliance) was approved.
The manifesto says that the merger will take place in the near future) And now 2 months have passed and still no...)
Estimated capitalization of #ASI after the merger is $7.5 billion
If you add the current capitalizations of FET, AGIX and OCEAN, it turns out that there is a shortfall of +35-40%, which is probably why the merger has not yet taken place ?)
#FET will migrate to ASI at the rate of 1 FET = 1 ASI
#AGIX tokens will migrate to ASI at the rate of 1 AGIX = 0.433350 ASI
#OCEAN tokens migrate to ASI at the rate of 1 OCEAN = 0.433226 ASI
Since the price of #FETUSDT was taken as "1", we make an assumption for this asset.
+38-40% of the current price, which is approximately $2.25 per NYSE:FET , and the merger should have taken place somewhere around then.
The prices of #AGIXUSDT and #OCEANUSDT should rise proportionally as well.
P.S:
the main thing is that in the coming days/weeks, the price of FET does not fall below $1.25)