AI Cryptos Rallying Amid Anemic Market Today: One Possible Reason

CoinMarketCap09-11

Cover image via U.Today Major AI cryptocurrencies Artificial Superintelligence Alliance (FET) - previously known as Fetch.AI and SingularityNET (AGIX) are among the best performing cryptos in the ...

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Such a breakthrough is registered amid the excitement about AI features integrated in the next generation of Apple products.\nAI cryptocurrencies FET, AGIX up by 11.6%, iPhone 16's presentation to blame\nToday, Sept. 10, 2024, AI cryptocurrencies are the undisputed leaders of the altcoin market. Artificial Superintelligence Alliance (FET) and SingularityNET (AGIX), the two largest cryptos of the segment, added 11.6% each, according to CoinGecko's data. Image by CoinGecko\nWith its 15% overnight growth, the AI Agents category is the best performing one on CoinGecko, followed by AI Cryptos as a whole.\nThis upsurge in interest in AI coins should 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.\nAs announced in the latest presentation, Apple will offer its own AI-powered equivalents of ChatGPT and mainstream image editors. For instance, they will be helpful in checking texts and erasing objects from photos taken on iPhone.\nAlso, the new functionality will allow iPhone users to edit emails and create their own AI-generated images.\nCrypto capitalization adds 2% only\nIntroduced yesterday, these functions will go live next month — only in U.S. English — with iOS 18.1, iPadOS 18.1 and macOS Sequoia 15.1.\nAs such, Apple introduces itself as a dangerous competitor for OpenAI, Google, Microsoft and XAI in their AI endeavors.\nThis upsurge looks like the lifeblood for an anemic crypto market today; the capitalization of all cryptos only added 2%, while Bitcoin (BTC) added 3%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466466239"}