Crypto analyst Il Capo of Crypto has shared an optimistic view on the altcoin FET, despite its recent struggles in the market.
Currently priced at $0.70, FET has endured a 46% decline over the past month, which has raised concerns among some investors. However, Il Capo maintains that these dips are actually part of a larger bullish trend for the coin.
According to the analyst, while FET’s price could see further short-term drops, the current price range between $0.50 and $0.85 presents an excellent long-term buying opportunity.
He believes this zone is where investors can position themselves for substantial gains as the altcoin is poised for future growth. Il Capo even set an ambitious price target for FET, forecasting it could reach $5 in the coming weeks.
FET, which was created through the merger of Ocean Protocol, SingularityNet, and FetchAI, has been a significant player in the artificial intelligence sector. The coin experienced a surge in popularity, especially with the rise of ChatGPT and the broader AI altcoin boom.
At its peak, FET reached $3.47, but it has since dropped nearly 79% from that all-time high. Despite the current dip, Il Capo’s assessment suggests that FET could see substantial recovery as the market stabilizes.
SharpLink Gaming has revealed plans to allocate $475 million into Ethereum (ETH), positioning the digital asset as a key part of its treasury strategy.
Sui (SUI) has dropped by 8% recently and currently sits at $3.5 after the token experienced significant selling pressure upon reaching the $4 mark. This latest setback has pushed the token to the red zone in terms of year-to-date returns even though it has recovered strongly off its 2025 lows. Just a week ago, a […]
Investor confidence is rising around the potential approval of a spot XRP exchange-traded fund (ETF), with prediction markets now placing the likelihood at 83%, according to data from Polymarket.
Pi (PI) has gone down by 4.3% in the past 24 hours and trading volumes seem to have evaporated as the crypto market appears to be ready to cool down from its recent peaks. Selling pressure was strong for PI at the $0.85 – $0.80 levels and this ended up pushing the price to its […]