Okay, let's talk about this FET surge. Thirty-six percent in a week? Now, that’s the sort of number that gets attention. Analysts are throwing around terms such as “descending triangle breakout” and “ascending channel formation.” Together they create a colorful picture of unstoppable upward momentum, just rocking us along to that mystical $1 mark. But excuse me if I’m not popping the champagne on this one just yet.

Is This Time Truly Different?

We've seen this movie before, haven't we? Remember the ICO craze? The NFT boom? Each one promised to disrupt everything in their wake, from art ownership to supply chain tracking. And though a few projects truly have delivered, most of them instead paved a path of broken promises and empty wallets. So, the question really isn’t whether can FET go to $1, but should you stake your life savings on it?

The article mentions impressive technical indicators: the Awesome Oscillator, the MACD crossover, even the Supertrend indicator flashing green. And yet technical analysis is, at best, an educated guess. It's like reading tea leaves. You might see something, but it's just as likely to be your own wishful thinking reflected back at you.

If we’re all honest, the crypto market is extremely vulnerable to hype. These days, a tweet from the right influencer can send prices skyrocketing, even if the fundamentals just don’t support a sudden spike. Are we really looking at something that has the potential to create lasting, sustainable economic growth, or just another pump and dump orchestrated by FOMO? I’m not claiming it is a pump-and-dump, but the rapidity of the climb has me questioning.

The Human Cost of Crypto Euphoria

Here's where things get real. We're not just talking about numbers on a screen; we're talking about people's lives. I'm sitting here in Paris, watching the sunset over the Seine, and I can't help but think about the single mother in Lyon, the retiree in Marseille, or the young student in Lille who might be tempted to put their hard-earned money into FET, hoping to get rich quick.

What happens when – not if, but when – the market corrects. What happens when the whales get tired of their game, take their profits and run. These aren’t pie-in-the-sky dangers, these are real world potentialities that could have ruinous effects on the lives of everyday citizens.

This isn’t just a knock on FET. It’s the culture of speculative investing that has broadly infected our ecosystem. Every day, we’re bombarded with messages telling us to “get in early” and “be your own boss.” They call on us to “get out of the rat race.” The reality is, for every one of you that makes it big, a hundred—maybe a thousand—of your neighbors are going to be left holding the bag.

The article sort of breezily drops in the idea that 46% of all addresses are “in profit” at the $0.65 price point. What does that do for folks who purchased in at a higher price point? What do you say to those who are still underwater from past crypto collapses? They rarely make the headlines, do they?

Beyond the Hype: A Call for Sanity

So, what's the takeaway? Am I saying FET is a scam? No, not necessarily. So maybe you should, but what I am saying is that you should come at it with your eyes wide open. Don't get caught up in the hype. Do your own research. Understand the risks. And, last but not least, only invest what you can afford to lose.

Look, I get the appeal. The promise of financial freedom is intoxicating. But real financial freedom isn’t achieved by betting on risky assets, it’s built by creating a strong foundation.

Here's an unexpected connection for you: Remember the tulip mania in 17th-century Holland? Individuals were borrowing against their homes to purchase individual tulip bulbs, certain that prices would never fall. We all know how that ended. Are we really that different today?

Maybe FET is the future. Or perhaps it’ll change the entire definition of what it means to engage with AI. Or perhaps, as they say, it’s just the latest shiny object leading us astray from the nuts and bolts work of actually building a better world.

I do want to challenge you to think beyond the short-term price spike. What problem is FET actually solving? And how does that benefit society as a whole. But is it actually making real value, or only making money for a very small number of people?

Here are three important questions to consider. If you’re not prepared to answer those questions in good faith, perhaps you should step aside on this one.

The crypto world could use a little less faith and a lot more skepticism. It needs less hype and more substance. It needs less greed and more empathy.

Don't let the fear of missing out cloud your judgment. Your financial independence matters too much for you not to act on it.

Remember: Don't let the fear of missing out cloud your judgment. Your financial future is too important to leave to chance.