Hello SPIers, today I give an update on our Fetch (FET) as it merges with SingularityNET's - AGIX and Ocean Protocol's - OCEAN is set to take place in a few days time on July 1st.
From start to now
- Bought 1783 at $1.20 each at of Feb 2024
- Sold 891 @2.30 on the May 30th
- Currently holding 891
This merge is set to take place on July 1st and we will be part of it. They plan to create the biggest AI token ecosystem within crypto. From my POV, they would do better separately because when companies merge, value gets lost and we end up with a smaller marketcap. The same happens in the opposite were when a company is too big and to split into smaller pieces, the smaller pieces normally add up to alot more than the original price of the 1 big company.
Normally I would be tempted to sell 1-2 days before the merge and then buy back in 1-2 weeks after the buzz has died down. Sell the news, then buy back in after the event. Im still on the fence but I do not think I'll bother with it.
Binance is taking part of this merge so our FET tokens will be moved to there the day before and then moved out the day after assuming 1 of my offline wallets supports the new ASI.
We have our investment money out so we are freerolling with this and i'd be planning to hold this until toward the end of 2025. Thanks for taking the time to read through this update. Have a great day.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  | SPI |
| LBI token |  | LBI |
| Top XV token | | XV |
| Eddie Earners |  | EDS |
| EDS miners | | EDSM |
| EDS mini miners | | EDSMM |
| DAB |  | DAB |
| DBOND | | DBOND |
