- Impact of iPhone 16 Presentation on the Market
- Overall Growth of Cryptocurrencies
- New AI Features by Apple
Today, Sept. 10, 2024, AI cryptocurrencies are the undisputed leaders of the altcoin market. Artificial Superintelligence Alliance (FET) and SingularityNET (AGIX), the two largest cryptos in this segment, added 11.6% each, according to CoinGecko's data.
Impact of iPhone 16 Presentation on the Market
This surge in interest in AI coins can most likely be attributed to the sensational presentation of Apple Intelligence, a stack of AI functions that will be available on the brand new iPhone 16. The presentation fueled growth primarily through the introduction of AI agents on the Apple platform.
Overall Growth of Cryptocurrencies
The AI Agents category showed the best performance, increasing by 15% overnight, followed by AI Cryptos as a whole, which also saw significant growth.
New AI Features by Apple
Apple announced the introduction of its AI-powered equivalents of ChatGPT and mainstream image editors. The new features will enable iPhone users to edit emails and create their own AI-generated images.
These innovations by Apple may introduce serious competition for OpenAI, Google, Microsoft, and XAI in their AI endeavors. Against this backdrop, the crypto market has not been left behind either: the overall capitalization of cryptocurrencies increased by 2%, while Bitcoin (BTC) grew by 3%.
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