AI Cryptos Rallying Amid Anemic Market Today: One Possible Reason

As a seasoned crypto investor with over a decade of experience in this dynamic market, I have learned to keep a keen eye on emerging trends and their potential impact on various cryptocurrencies. The recent surge in AI-focused coins like FET and AGIX has caught my attention, particularly given the context of Apple’s latest product announcement.


The Artificial Superintelligence Alliance (FET), formerly known as Fetch.AI and SingularityNET (AGIX), are among the top performers in the cryptocurrency market, ranking within the top 200. Moreover, AI-related cryptos have shown the most growth recently. This significant development comes during a time of great anticipation for the AI capabilities expected to be integrated into the upcoming generation of Apple products.

AI cryptocurrencies FET, AGIX up by 11.6%, iPhone 16’s presentation to blame

On September 10th, 2024, AI-based cryptocurrencies reign supreme in the altcoin market. The Artificial Superintelligence Alliance (FET) and SingularityNET (AGIX), the top two cryptos within this sector, experienced a growth of 11.6% each, as reported by CoinGecko’s data.

AI Cryptos Rallying Amid Anemic Market Today: One Possible Reason

Among categories tracked by CoinGecko, Artificial Intelligence Agents show the most impressive 15% day-to-day increase, with the entire field of AI Cryptocurrencies coming in second place.

It’s highly probable that the surge in attention towards AI-related cryptocurrencies is largely due to the exciting unveiling of Apple Intelligence, which represents a suite of AI capabilities set to debut on the upcoming iPhone 16.

According to the recent unveiling, Apple plans to introduce their own AI-driven alternatives to popular tools like ChatGPT and standard photo editors. These new offerings are expected to aid users in proofreading text and removing objects from images captured with an iPhone.

Additionally, the updated features enable iPhone users the ability to modify emails and generate unique AI-made visuals on their devices.

Crypto capitalization adds 2% only

These new functions are scheduled for release next month, exclusive to the US version of English. They will be available with the updates of iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia.

In this context, Apple positions itself as a formidable rival to OpenAI, Google, Microsoft, and XAI in the realm of artificial intelligence projects they undertake.

Today’s crypto market appears to be gaining renewed vigor, much like a lifeline for an anemic patient. However, the total value across all cryptocurrencies increased by just 2%, with Bitcoin (BTC) accounting for a slightly higher growth of 3%.

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2024-09-10 19:44