Fetch.ai’s $FET is leading the charge in the Santa rally within AI narratives. According to IntoTheBlock’s recent report, FET tokens have been accumulated at an average price of $0.488, contributing to a significant uptick.

IntoTheBlock’s IN/OUT of the Money Indicator emphasizes the notable accumulation of Fetch.ai tokens, resulting in 99% of $FET holders being in profitable positions.

Recently, $FET achieved an all-time high in market capitalization, soaring to $700 million, surpassing its previous milestone of over $500 million in 2021 when the token was trading above $1. Presently, it sits at $0.724, marking an increase of 0.89% over the past 24 hours and an impressive 39.65% surge in the last month. Consequently, predictions surrounding Fetch.ai’s coin price have become a hot topic among token holders.

Amidst this rally, traders are reevaluating their portfolios, with $FET having gained an impressive 759.67% in the past year. However, it still lags behind its all-time high by 39.29%, which stood at $1.19.

Fetch.ai has surged significantly, rising 250% from its October low and leaping 52% above its yearly high of $0.48. This trend strongly suggests a high likelihood of the FET token soon reaching the $1 milestone.

Furthering its potential, Fetch.ai has announced an upcoming airdrop of $500 worth of FET tokens. Coupled with its recent rally, this move signals an anticipation for Fetch.ai’s token to ascend to new peaks in the forthcoming months.