FET is currently hovering around $0.94, and there's anticipation that it may soon surpass the $1 mark, potentially reaching a new all-time high. This optimism is fueled by the increasing global traction of AI, with major companies investing in AI and related innovations. For example, OpenAI's release of Sola, a text-to-video generator tool, has sparked positive sentiment among AI tokens like FET and Worldcoin (WLD).

Fetch.ai's FET received a boost with the announcement of a partnership with Deutsche Telekom, which will act as a validator and provide blockchain security. This collaboration is seen as a significant factor driving the price surge.

FET reached a 2-year all-time high of $0.8420 on February 18, 2024. If Sora continues to perform well, FET may establish new resistance and support levels. FET's utility lies in paying for services within its ecosystem and funding projects with AI as the core technology, including services like DeltaV.

The rise of Bitcoin to over $50,000 has had a positive impact on the entire crypto market. With Bitcoin halving approaching, there's speculation of a price surge based on historical patterns. Ethereum's prominence as a leading altcoin could also benefit tokens like FET.

While some predictions suggest FET could close the year at $0.70, current trends suggest otherwise, with the potential for FET to establish a new support level of $1 by year-end. Digital analyst Crypto Patel even speculates that FET could reach $10, considering its recent significant growth.

Though a $10 milestone for Fetch.ai may seem ambitious, it remains a target for some analysts. The timing of when FET will achieve a new all-time high is uncertain, but it could coincide with Bitcoin halving, further bolstered by Ethereum's performance in the market.