1 FET = ₿788 Satoshi - Is the alligator still moving its head downwards?

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_{(Chart by TradingView)}

The alligator of Fetch.ai (FET) against Bitcoin was observed swimming upstream near ₿950 Satoshi in search of food on September 11th. Subsequently, it was spotted swimming downstream.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is still bearish, which means that the price of the asset may continue to decline.

The alligator's mouth is still gaping open, facing downwards. Is it still moving its head downwards?

Let's accompany the Fetch.ai alligator on its journey and see how it unfolds.

About Fetch.ai (FET)

Fetch.ai (FET) is a decentralized machine learning platform that enables autonomous agents to interact with each other and with the real world. It is built on a blockchain and uses a native cryptocurrency, FET, to power the network.

Fetch.ai's goal is to democratize access to AI technology and to create a more efficient and intelligent world. It does this by providing a platform for anyone to build and deploy AI agents that can perform a wide range of tasks, such as:

Trading assets
Finding and completing gig economy work
Optimizing energy grids
Managing supply chains
Providing personalized services

Fetch.ai is still under development, but it has already attracted a number of partners and investors, including Bosch, BMW, and Coinbase. It is also being used to power a number of real-world projects, such as a decentralized energy exchange and a smart city platform.

FET tokens are used to pay for transactions and the use of smart agents on the Fetch.ai network. They can also be staked to earn rewards and to participate in the governance of the network.

Here are some of the benefits of using Fetch.ai:

Decentralized: Fetch.ai is not controlled by any single entity, which makes it more secure and resistant to censorship.
Efficient: Fetch.ai's smart agents can perform tasks more efficiently than traditional AI systems.
Intelligent: Fetch.ai's agents can learn and adapt over time, which makes them more intelligent and capable.
Accessible: Fetch.ai makes AI technology accessible to anyone, regardless of their technical skills or resources.

Overall, Fetch.ai is a promising project with the potential to revolutionize the way we use AI.

Assisted by https://bard.google.com/.