Posted 2/18/2024, 8:04:52 AM
Fetch.AI Token Hits 2-Year High on Deutsche Telekom Deal and AI Hype
- Fetch.AI's token FET hit a two-year high of $0.8420 amidst a rally in AI tokens
- Deutsche Telekom collaborated with Fetch.AI, agreeing to run a validator to help secure its blockchain
- OpenAI's new AI tool Sora, which generates videos from text, sparked hype around AI capabilities
- FET yielded 30% gains for holders over the past week due to the Deutsche Telekom news and OpenAI release
- Two key catalysts likely fueling FET's price rally are the Deutsche Telekom validator announcement and launch of Sora