{"id":146102,"date":"2025-01-06T12:00:25","date_gmt":"2025-01-06T10:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146102"},"modified":"2025-01-05T23:16:52","modified_gmt":"2025-01-05T21:16:52","slug":"fet-alliance-announces-first-token-burn-to-boost-ecosystem-value","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/fet-alliance-announces-first-token-burn-to-boost-ecosystem-value\/","title":{"rendered":"FET Alliance Announces First Token Burn to Boost Ecosystem Value"},"content":{"rendered":"<p>On January 10, five million FET tokens will be permanently <strong><a href=\"https:\/\/x.com\/ASI_Alliance\/status\/1875918522942882135\" target=\"_blank\" rel=\"nofollow\">removed<\/a> <\/strong>from circulation, a move aimed at introducing deflationary pressure within the ecosystem.<\/p>\n<p>This announcement, shared via the project\u2019s official account on X, marks a significant milestone for the alliance. While the news has yet to trigger a substantial rally, FET\u2019s price has seen a 14% increase over the past week. With a market cap of $3.63 billion, FET is considered a leading token in the artificial intelligence crypto space.<\/p>\n<p>Currently, FET ranks as the sixth-largest AI-focused altcoin globally, following NEAR, which boasts a $6.7 billion market cap.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cardanos-2025-strategy-wallet-innovation-and-bitcoin-collaboration\/\" title=\"Cardano\u2019s 2025 Strategy: Wallet Innovation and Bitcoin Collaboration\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-7-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano\u2019s 2025 Strategy: Wallet Innovation and Bitcoin Collaboration<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite its strong presence in the AI sector, FET remains 57% below its all-time high of $3.47, achieved nine months ago. The token operates across Ethereum, BNB Chain, and Cosmos networks, positioning it as a versatile player in the blockchain ecosystem.<\/p>\n<p>As the alliance continues to develop, the upcoming token burn could pave the way for future growth, reinforcing FET\u2019s position in the competitive AI-themed crypto market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newly formed Artificial Superintelligence Alliance (FET), a token resulting from the merger of FET, OCEAN, and AGIX, has announced its first major token burn.<\/p>\n","protected":false},"author":9,"featured_media":132344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-146102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the 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