The real-world adoption of blockchain technology is a slowly developing process. It requires the proper use cases and a willing public open to new experiences when venturing outside of their comfort zone.

An increasing number of real-world applications appear to be the motivating factor behind the recent gains seen in Fetch.ai (FET), a protocol focused on building an open access, token-based decentralized machine learning network to support the smart infrastructure being built around the digital economy.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.658 le septembre. 6, the price of FET spiked 70% à $1.12 le septembre. 7 — a new record high. pendant ce temps, FET’s 24-hour trading volume surged 538% à $590 million.

FET/USDT 4-hour chart. La source: TradingView

The rapid increase in price and trading volume comes as the project tests a new multi-modal transport application called “Deep Parking,” an application built with AI and blockchain technology that helps automobile drivers locate empty parking spaces.

The protocol also achieved a “global first” on Sept. 7 when an on-board Fetch.ai agent successfully interacted with Datarella’s self-sovereign identity, allowing the driver to rent a scooter from Tier Mobility.

en relation: Fetch.ai launches NFT platform for AI-generated art

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FET on Sep. 3, avant la récente hausse des prix.

Les VORTECS™ But, exclusif à Cointelegraph, est une comparaison algorithmique des conditions de marché historiques et actuelles dérivée d'une combinaison de points de données, y compris le sentiment du marché, volume d'échanges, mouvements de prix récents et activité Twitter.

VORTECS™ But (vert) contre. FET price. La source: Cointelegraph Markets Pro

Comme le montre le graphique ci-dessus, les VORTECS™ Score for FET began to pick up on Sept. 3 et a atteint un sommet de 71 autour 48 hours before its price increased by 70% au cours des deux prochains jours.

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