FET Drops 9% As ASI Token Merger Phase 1 Kicks Off
Summary
The Artificial Superintelligence Alliance (ASI) has initiated phase 1 of its token merger process, leading to the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. Fetch.AI (FET) is undergoing a rebrand and supply update. Some exchanges, such as Kraken and Coinbase, will not support the ASI token merger. FET's price experienced fluctuations following the rebrand, with some investors expressing disappointment. Despite this, investors remain optimistic about FET's future, with some forecasting short-term price targets of $5 for ASI and a long-term goal of $13.
