FET Becomes a Reserve Asset for Binance as AI Tokens Grow in Popularity

According to Glassnode, Fetch.ai (FET) has become a reserve asset for several exchanges, including Binance, Huobi, and Bitfinex. According to data from CryptoSlate, the popularity of artificial intelligence (AI) tokens has skyrocketed over the past three months, resulting in significant increases in the value of AI tokens and active addresses.

FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. This includes delivering data or providing services, which are then rewarded by FET for their efforts.

The price of FET has risen by 1.24% in the last 24 hours, but real growth can be seen in the last seven days when the price of FET has risen by 80.89%. The popularity of FET among other AI coins has seen the volume of transfers (in USD) of FET skyrocket, approaching $20 mln.

Image: Binance Research