If your bag is full of $FET then it might get cooked.
Real money in DeAI is flowing into new leaders like
> $TAO
> $ICP
> $NEAR
Or projects that make money like $GEOD and $ATH
This is not a hate post for Fetch AI but something based on Facts.
$FET was the AI coin you bought in 2023.
It is not the AI coin you should be holding in 2026.
$3.45 ATH.
Now $0.15.
Down 95.5%.
Market cap collapsed from $5B to under $400M.
While Bittensor sits at $1.9B, Near Protocol and ICP keep building.
Geodnet is pulling real revenue with its RTK network and strong tokenomics.
The AI narrative did not die. $FET just lost the leadership.
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👉 THE PRICE TELLS THE STORY
$FET peaked at $3.45 in March 2024 during the AI hype wave. Today it trades at $0.15.
The weekly chart shows a key level around $0.80 to $1.00 that acted as support throughout 2024 and into 2025. That level is gone. Now it sits overhead as resistance. Weekly RSI has been stuck sideways between 39 and 42 for months. No momentum. No accumulation pattern. Just slow distribution.
Getting from $0.15 back to $0.80 is already a 430% move. And that does not even put you halfway to ATH. The structure is broken. Lower highs since March 2024. No sign of reversal.
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👉 SECTION 2: FROM $5B TO $400M
The market cap chart is the real gut punch. $FET briefly touched $5B during the 2025 altcoin push. Today it sits under $400M. A 92% collapse in market cap.
But here is what makes it worse. This happened while the broader AI narrative stayed alive. $TAO maintained $1.9B. Other AI tokens held their ground. Capital did not leave AI. Capital left $FET specifically.
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👉 SECTION 3: THE MERGER THAT BROKE EVERYTHING
The Artificial Superintelligence Alliance merger was supposed to be the catalyst. Fetch + SingularityNET + Ocean Protocol. Three projects. One mega token. The AI Voltron.
Instead it became the single most destructive event in $FET's history.
In May 2024 Fetch minted 1.477 billion new tokens to back conversions for AGIX and OCEAN holders. Supply jumped from 1.15B to 2.63B overnight. A 128% dilution in one step.
Then it got worse. Merger delays. June pushed to July. Exchange support was a mess. Manual migration processes. Delistings. Confusion. Price dropped 9% on rollout alone.
Then October 2025. Ocean Protocol quit the alliance entirely. Cited governance disagreements. Converted 661M OCEAN into 286M FET. Then reportedly dumped 263M FET into the market. Fetch sued Ocean over the liquidation.
One alliance partner literally sued the other. That is not a merger. That is a divorce with lawyers.
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👉 SECTION 4: THE AI RACE MOVED ON
While $FET was fighting internal battles. The competition shipped product.
$TAO built decentralized machine learning subnets with real incentive loops. $1.9B market cap. Far lower supply at 9.6M circulating. Stronger narrative. Stronger conviction.
$NEAR embedded AI directly into its chain architecture. $ICP runs on-chain AI inference at scale. Both kept building while $FET spent 18 months managing a merger that ended in a lawsuit.
24-hour volume on $FET frequently hits 30 to 35% of market cap. That is not healthy trading. That is distribution. Weak hands cycling out. No conviction holding.
Foundation vesting of 230M+ FET continues over 48 months. Investor unlocks ongoing. Mining rewards releasing over 5 years. The dilution is not done.
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💪 THE VERDICT
$FET was the right AI trade in 2023. It is the wrong one in 2026. The merger destroyed trust. The dilution destroyed value. The competition moved on.
If you want AI exposure. $TAO $NEAR $ICP All have cleaner structures and stronger momentum.
$FET is not a low-risk AI bet. It is one of the highest-risk tokens in the entire sector wearing an AI badge.
@Morecryptoonl Hi Ben, can you also please do an Outlook 2026 for one meme coin which you think it is the highest potential like PEPE, BONK, DOGE ....? Thank you.
my macro views for $VELO here…
currently #VELO in a wave 3 of 3 what will confirm above black line 0.023771$…
after that i’ll expect a continuation to green area (0.30$ - 0.40$ range)
my final target for $VELO will be 1.18$…
waiting for wave 3 of 3 confirmation for filling my bag…
@veloprotocol
@Jesucrypto11 I see weekly RSI has room for upside but daily looks bad. I am waiting for your next update. Thanks Jesu for keeping updating. Have a nice day.
$VELO chart as promised. 🚀
Over 1M users are using the Velo Ecosystem for transfers & earning on-chain yields.
It's forming a classic 'CUP & HANDLE' on the W chart.
If $VELO clears $0.02, expect a strong rally.
🎯 Targets: Short-term $0.10 | Long-term $1-$2.