Analyst shines a light on AI altcoins. Trader rotates NEAR capital into FET. The price of FET is already rising steadily. The crypto community has had an interesting past month, where certain
The crypto community has had an interesting past month, where certain altcoin assets went on to reclaim higher price ranges, igniting bullish expectations for the peak altseason phase to begin soon. So far, assets like FET, NEAR, and XLM have seen a steady rise in their prices, and analysts hope the surges continue. Analyst shines a light on AI altcoins, reveals rotting NEAR capital into FET.
In the previous month, the popular altcoin NEAR went on to double its price, pulling off a pump of over 100%. This unexpected surge has been attributed to the Near Protocol making huge strides in the privacy and AI sectors and integrating these technologies seamlessly into its ecosystem. Almost immediately, the price of NEAR experienced a bullish surge, although this momentum is slowly weakening.
Most altcoin analysts responded bullishly and confirmed that the price of NEAR can go on to hit a new ATH at the $50 price range, taking the price of NEAR far further than its previous ATH price set at $20. However, now that the momentum is slowing down, this bullish sentiment is being questioned once again. Can the price of NEAR continue to surge once capital flows back into NEAR?
https://twitter.com/DukeD_Defi/status/2060728601365090768 As we can see from the post above, this trader has already revealed that he has recently closed his remaining NEAR position and has rotated part of that capital into the altcoin FET. He also talks about really looking into the thesis behind FET and highlights one thing that stands out, which is that the market still seems heavily focused on AI applications, while paying much less attention to the infrastructure layer that may ultimately power them.
He concludes that the FET team isn't just building another AI narrative token, but rather that they are trying to build an ecosystem where autonomous agents can discover, coordinate, exchange data, and transact with each other without relying entirely on centralized platforms. If AI agents become a meaningful part of the digital economy over the next few years, the infrastructure connecting those agents could end up becoming far more valuable than many people currently expect.
What also gives him some confidence is that the team has continued shipping despite the market paying relatively little attention. For instance, the Agent Launchpad is live, ASI Chain development continues progressing, and the focus remains on expanding the actual utility of the ecosystem rather than simply creating short-term excitement. Many AI projects have been excellent at marketing narratives, but far fewer have spent years building products around them.
