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Altcoin trading remained discerning on Friday, even as a few tokens experienced significant gains amid a cautious environment. The Fear and Greed Index lingered around 21, indicating that risk appetite is still limited despite fresh activity in areas related to AI, storage, and infrastructure.
Filecoin, FET from the Artificial Superintelligence Alliance, and Near Protocol each saw notable increases, providing a focused yet insightful perspective on where investors are directing their attention during this uncertain phase of the market cycle.
Filecoin Extends Rally on Ecosystem and AI Ties
Filecoin surged approximately 69% within 24 hours to around $2.34, elevating its market capitalization to over $1.66 billion. This surge follows a series of upgrades to its ecosystem and heightened expectations ahead of developer events scheduled for later this month.
The network recently implemented a gas fee reduction of about 50%, which coincided with a rise in new agreements and overall usage.
The chain’s role in decentralized storage has increasingly become associated with discussions around AI and DePIN. The combination of reduced costs and genuine data workloads has encouraged traders to perceive Filecoin as a platform capable of supporting decentralized computing growth.
Market data also indicates deeper order books and increasing open interest, an early sign that trading engagement is extending beyond short-term speculation.
.@FilFoundation and GSR Foundation back a group of projects that utilize decentralized storage for the public good.
The new infographic illustrates how this partnership funds initiatives in science, art, and human rights through verifiable data infrastructure. pic.twitter.com/ir4COLsnoP— Filecoin (@Filecoin) November 6, 2025
FET Gains From Renewed AI Momentum
FET from the Artificial Superintelligence Alliance traded around $0.32 after a 49% increase in 24 hours. The token, which connects decentralized AI computing and automation services, continues to serve as a liquid representation of AI enthusiasm within the crypto space.
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FET Price (Source: CoinMarketCap)
The alliance’s consolidation of various machine learning projects under a single token remains a significant attraction for traders seeking AI exposure without depending on equity markets.
The current trend mirrors earlier cycles of AI enthusiasm but now aligns more closely with narratives supported by infrastructure, such as Filecoin’s. The common theme of data, computing, and protocol-level utility has kept both assets prominent on watchlists as the weekend approaches.
Near Protocol Tracks Onchain Activity
Near Protocol increased about 26% to $2.5, continuing a steady rise that commenced earlier in the week. On-chain data reveals consistent user engagement and growth in wallet numbers, while recent reports have highlighted enhanced transaction throughput and ongoing integration of application-layer projects.
Traders have categorized NEAR alongside other major layer-one chains that exhibit tangible network demand even amid weak sentiment. Its inclusion in discussions surrounding AI-compatible infrastructure has further fueled speculative interest, aiding in the maintenance of liquidity in key trading pairs.
Altcoin Season in Fear
The Altcoin Season Index remains around 26, significantly below levels indicative of broad participation. Nevertheless, targeted rallies in tokens such as Filecoin, FET, and Near suggest that capital is selectively rotating toward networks with genuine economic use cases and active development.
The upcoming weeks in November will determine whether enthusiasm for decentralized computing and AI-linked assets can broaden beyond a few frontrunners or remain limited to isolated bursts of trading activity.
If current liquidity persists while volatility subsides into the weekend, these sectors may continue to draw interest even as the majority of the market remains risk-averse.
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