Fetch.ai's $FET is currently leading the surge in AI narratives during the Santa rally. According to the latest report from IntoTheBlock, FET tokens are being accumulated at an average price of $0.488, with data indicating that 99% of $FET holders are now in profit.

The FET token has reached its all-time high in terms of market capitalization, surpassing $700 million. Back in 2021, it had already achieved a market cap exceeding $500 million when trading above $1. Currently priced at $0.724, the token has seen a 0.89% increase in the past 24 hours and an impressive 39.65% surge in the past month. This remarkable performance has sparked considerable interest in Fetch.ai coin price predictions among token holders.

With traders actively reassessing their portfolios amidst the ongoing rally, $FET has experienced a substantial 759.67% increase in value over the past year. Despite this, it remains 39.29% below its all-time high of $1.19.

Fetch.ai has surged 250% above its October low, with a 52% rise above its yearly high of $0.48. There is a strong indication that the FET token is poised to reach the $1 mark soon.

In addition to its remarkable performance, Fetch.ai is further bolstering its position with new updates, such as the upcoming airdrop where it plans to distribute $500 worth of FET tokens. Given its recent rally, it's anticipated that the FET token will continue to climb to new heights in the coming months.