Following broader market trends, Fetch.ai (FET) fell below the $2 support level. However, the altcoin is now on the verge of a rebound. Using on-chain metrics and technical analysis, we figure out what to expect from the popular AI token in the coming days. Meanwhile, Mallconomy (WOOT) is at the forefront of a retail revolution, taking shopping into the immersive world of the Metaverse. In addition, their unique “Browse-to-Earn” model caters to the tech-savvy Gen Z crowd, offering a rewarding and engaging shopping experience accessible from any device.
Fetch.ai Seems Undervalued
FET is currently seeing a surge in investor interest, as evidenced by the increase in the number of active addresses over the past 48 hours. However, the total number of wallets transacting on the network increased by 93%, from 1,152 to 2,152. In addition, an increase in active addresses combined with a decrease in price is usually considered a signal to buy.
Additionally, Fetch.ai is highly undervalued at the moment, making it an attractive investment. Moreover, the Sharpe ratio, which measures an asset’s return after taking into account risk and volatility, rebounded from a six-month low, indicating significant room for growth.
Fetch.ai Price Forecast: expecting a rally towards $2.46
At the time of writing, FET is trading just below support at $2.01. This level has been tested many times in the past and has not yet been broken. Moreover, a bounce from it would start a potential rally towards $2.46, which the asset failed to cope with during its last rally.
Losing the $1.96 support level could negate the bullish scenario and trigger a fall in the Fetch.ai price to $1.71.
Mallconomy is the Revolution Retail in the Metaverse
More than just a virtual mall, Mallconomy started as a visionary concept and has blossomed into a thriving online hub. However, It’s a far cry from the initial gamer-focused dream. Today, Mallconomy is a multi-device Metaverse platform with a “Browse-to-Earn” system that empowers users and rewards them for interacting with the platform. Meanwhile, features like the Launchpad and Rewards App are constantly evolving, solidifying Mallconomy’s position as a leader in immersive and rewarding shopping experiences.
The Mallconomy universe is teeming with opportunities for its diverse community. “Proprietors” manage their virtual stores, delegating tasks and overseeing operations. However, busy shoppers can lose themselves in the bustling virtual mall, exploring and making purchases seamlessly. Mallconomy transcends a simple digital space; it’s an interactive haven for users to connect, explore, and conduct business.
WOOT: The Heart of Mallconomy Ecosystem
The WOOT token is the lifeblood of Mallconomy’s ecosystem, currently valued at $0.0027. The ongoing presale allows investors to be part of Mallconomy’s growth and participate in this groundbreaking Metaverse retail experience. Mallconomy (WOOT) is a glimpse into the future of shopping. On the other hand, It seamlessly blends cutting-edge technology with user-focused design to create a dynamic and rewarding online marketplace. As they continue to innovate and expand, Mallconomy remains committed to shaping the future of retail in the ever-evolving digital landscape.
