Artificial Superintelligence Alliance

Ocean Protocol

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<p>Over the past day, <a href="https://captainaltcoin.com/fet-price-pumps-20-whats-next-for-this-ai-crypto/" target="_blank" rel="noopener noreferrer nofollow">Artificial Superintelligence Alliance’s (FET) price</a> dropped by 10.10%, wiping out $1 billion from its market value. This sharp decline caught many in the cryptocurrency community by surprise.&nbsp;</p>
<p>The Artificial Superintelligence Community (@ASI_Community) shared on X that the recent proposal to merge PAAL with the ASI Alliance sparked apprehension among FET holders, triggering a wave of selling. Here’s a closer look at why investors should avoid panic amidst the market turmoil.</p>
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   <p lang="en" dir="ltr">Steady lads. Here’s the explanation you needed on why <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> erased 1 Billion US$ in valuation within 24 hours <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;">.<br><br>The recent proposal to potentially merge PAAL into the <a href="https://twitter.com/ASI_Alliance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ASI_Alliance</a> to advance decentralized <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#AI</a> resulted in panic.<br><br>Here’s why you shouldn’t panic! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/xlAkTgmHH5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xlAkTgmHH5</a></p>— Artificial Superintelligence Community (@ASI_Community) <a href="https://twitter.com/ASI_Community/status/1856584440522191258?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 13, 2024</a>
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<h2 class="wp-block-heading" id="financial-overview-and-market-reaction">Financial Overview and Market Reaction</h2>
<p>If accepted, the proposal would involve integrating PAAL’s assets, which are estimated to contribute around $200 million in market capitalization to the Artificial Superintelligence Alliance’s ecosystem.&nbsp;</p>
<p>This addition equates to approximately 160 million FET tokens, issued with a 5% fee and a vested structure, highlighting the financial scale of the potential merger.&nbsp;</p>
<p>Despite this, some token holders opted to sell their holdings quickly, leading to a notable market drop. The tweet questions whether this reaction was justified, aiming to ease concerns by contextualizing the proposal’s intended benefits.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/xrp-price-pumps-but-heres-why-ripples-community-should-be-careful/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Pumps, but Here’s Why Ripple’s Community Should Be Careful</a></em></strong></p>
<h2 class="wp-block-heading" id="community-strength-in-the-ecosystem">Community Strength in the Ecosystem</h2>
<p>PAAL’s strong community backing is highlighted as another factor behind the merger proposition. The Artificial Superintelligence Community points out that welcoming PAAL’s supporters could fortify FET’s ecosystem by introducing a dedicated base of token holders.&nbsp;</p>
<p>This enhanced community strength is expected to bring further commitment to the tools and applications within the FET platform, fostering a more unified and active user environment.</p>
<h2 class="wp-block-heading" id="advancing-technology-for-decentralized-ai">Advancing Technology for Decentralized AI</h2>
<p>The tweets emphasize that PAAL’s technology is positioned as one of the most advanced language model solutions in Web 3, with unique applications in decentralized artificial intelligence.&nbsp;</p>
<p>According to @ASI_Community, integrating PAAL into the ASI Alliance would reduce development time by leveraging PAAL’s existing framework. This approach would enable Fetch.<a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="ai" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ai</a> to deploy more comprehensive AI-driven functionalities, utilizing resources like Ocean Protocol for data and CUDOS for computational power.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/chainlink-whales-massively-accumulate-link/" target="_blank" rel="noopener noreferrer nofollow">Chainlink Whales Massively Accumulate LINK</a></em></strong></p>
<h2 class="wp-block-heading" id="community-voting-and-the-future-of-artificial-superintelligence-alliance-fet">Community Voting and the Future of Artificial Superintelligence Alliance (FET)</h2>
<p>The proposal, brought forth by the ASI Alliance, underscores that this merger is still in the community discussion phase. Voting is scheduled to take place from November 18 to November 23, providing FET token holders the opportunity to decide on the merger.&nbsp;</p>
<p>The Artificial Superintelligence Community encourages the participation of all holders, aiming to shape <a href="https://fetch.ai/" target="_blank" rel="noopener noreferrer nofollow">Artificial Superintelligence Alliance’s (FET) </a>future direction with collective input.</p>
<p>By offering a clear financial rationale, community-driven motivation, and technological synergy, @ASI_Community suggests that the proposed PAAL merger could bring strategic benefits to FET’s ecosystem, despite initial market volatility.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/fet-price-plunges-but-heres-why-holders-shouldnt-panic/" rel="noopener noreferrer nofollow">FET Price Plunges, But Here’s Why Holders Shouldn’t Panic</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

FET Price Plunges, But Here’s Why Holders Shouldn’t Panic

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