The Artificial Superintelligence Alliance (FET) token has delivered one of the most impressive rallies in the crypto market this month. Over the past week, FET's price surged 67.6%, with a 20.9% gain in the last 24 hours alone. Trading volumes exceeded the monthly average by 557%, signaling a massive capital inflow into the AI segment of the crypto industry.
Weekly rally in numbers
As of March 16, FET's price reached $0.2422, posting a 20.9% daily gain. The 24-hour trading range spanned from $0.1947 to $0.2426. The token appreciated 67.6% over the week and 39.8% over the month. Market capitalization grew by $95.2 million to $547.9 million, placing FET at 96th position in the global rankings.
Daily trading volume reached $362 million — 557% above the monthly average. Social media activity around the project surged 305% within 24 hours. Currently, 2.26 billion FET tokens are in circulation out of a maximum supply of 2.71 billion, with a fully diluted valuation of $658 million.
Visa integration for autonomous AI payments
The key catalyst for the rally was Fetch.ai's partnership with Visa through the ASI:One platform. This is the world's first AI-to-AI payment system, enabling personal AI agents to execute transactions on behalf of users autonomously — even when the owners are offline.
In the first real-world application, one user's AI agent coordinated with a friend's agent, found a shared dinner option, booked a table through OpenTable, and completed the payment via Visa — all without any human involvement. The system uses temporary Visa credentials that never expose actual card data, and also supports on-chain payments in USDC and FET with customizable budget limits.
According to Visa's forecasts, millions of consumers will use AI agents for purchases by the end of 2026. Mastercard is also planning to join the ASI:One payment network in the near future.
Institutional players bet on AI tokens
The second powerful driver was ETF filings from leading investment firms. Grayscale filed an S-1 application with the SEC to convert its $7.9 million Bittensor Trust into an exchange-traded fund on NYSE Arca under the ticker GTAO. Coinbase Custody and BitGo serve as custodians. Bitwise simultaneously filed for 11 crypto strategy ETFs, including a TAO-based product.
Grayscale Chairman Barry Silbert described decentralized AI as one of the "newest investable themes" in the U.S. crypto market. These moves signal an expansion of institutional focus beyond Bitcoin and Ethereum toward high-growth technology sectors.
Broader market context
FET's growth comes against the backdrop of a broader crypto market recovery. Global capitalization reached $2.65 trillion with a 3.6% daily gain. The Fear & Greed Index rose from Extreme Fear (23) to Fear (28), indicating a gradual return of investor confidence. Bitcoin trades near $75,900, while Ethereum gained 3.44% to $2,320.
The AI segment shows the strongest performance among crypto sectors. Bittensor (TAO) announced pilot enterprise programs in decentralized model training. Analysts describe artificial intelligence as the leading "thematic trade of 2026" with increasingly substantial institutional backing.
Risks and outlook
Despite the powerful rally, FET remains 93% below its all-time high of $3.45, set in March 2024. Technical indicators are turning "cautious" after the sharp rise, and analysts warn of a possible pullback. The Bitvavo exchange recently expanded staking options for FET with an annual yield of 1.10%.
Nevertheless, the fundamental drivers remain strong: an active Visa integration, growing institutional investor interest, and Mastercard's expected addition to the network. The nearest catalyst for the entire crypto market will be the Fed's interest rate decision on March 18 — the market expects rates to remain unchanged, which could further support risk assets.
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