cryptonewsz.com
Fetch.ai’s $FET is now leading the Santa rally in AI narratives. IntoTheBlock’s latest report shows $FET tokens being accumulated at an average price of $0.488.
IntoTheBlock recently released an IN/OUT of the Money Indicator surrounding Fetch.ai. The data from the report says that the accumulated tokens resulted in 99% of $FET holders being in profits.
In fact, the $FET token has reached its all-time high when it comes to market cap. The token has hit a market capitalization of 700 million dollars. Fetch.ai hit a total market cap of more than 500 million dollars way back in 2021.
During this time, the $FET token was trading above 1 dollar. Currently, the token is priced at 0.724 dollars, up 0.89% in the past 24 hours. $FET has gained a whopping 39.65% value in the past month. That is why Fetch.ai coin price prediction is a popular topic among $FET token holders.
Traders are trying to reassess their portfolios using the $FET token due to its ongoing rally. In the past year, $FET has gained a value of 759.67%. However, the token is still 39.29% below its all-time high of 1.19 dollars.
Fetch.ai is 250% above its October low, with a 52% hike above its yearly high of 0.48 dollars. It goes without saying that the $FET token has a high probability of hitting the 1-dollar mark soon.
The token seems to be aiming for that with new updates like its upcoming airdrop. Fetch.ai will be airdropping 500 dollars worth of $FET tokens shortly. Given the rally Fetch.ai has been on, the $FET token is expected to reach its peak in the coming months.