Wed Sep 11 09:22:25 UTC 2024: ## Apple’s AI Push Boosts Crypto Market, Especially AI-Focused Tokens

**New York, NY** – The cryptocurrency market saw a surge in AI-focused tokens after Apple announced its new “Apple Intelligence” initiative, bringing AI capabilities to iPhones. This move, while not directly related to blockchain, has fueled optimism within the crypto community, particularly among projects utilizing AI.

The Internet Computer Protocol’s (ICP) token, a key player in the AI-focused decentralized blockchain landscape, rose by 10% in the past 24 hours, making it the top performer among the 100 largest cryptocurrencies by market value. Artificial Superintelligence Alliance’s (FET) token also saw a significant increase, gaining 5%.

Smaller tokens experienced even more dramatic gains, with ChartAI’s (EYE) token leading the pack with a 50% surge.

Meanwhile, the broader crypto market, including market leaders Bitcoin (BTC) and Ethereum (ETH), experienced losses following a lackluster performance by pro-crypto presidential candidate Donald Trump in a recent debate. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, fell by 0.7% during the same period.

Apple’s “It’s Glowtime” event focused on bringing AI features like writing tools, enhanced Siri, and advanced photo and video editing capabilities to iPhones through its “Apple Intelligence” software development kit (SDK). This SDK allows developers to create apps utilizing generative AI models while benefiting from the security and privacy features of Apple’s Private Cloud Compute.

Despite the lack of direct mention of crypto or blockchain during the event, industry experts believe that Apple Intelligence will positively impact AI-related endeavors, including blockchain projects.

“Just like everyone’s buzzing about Apple Intelligence in phones now, soon it’ll be all about crypto,” said Pranav Maheshwari, an engineer at the Graph Protocol. “People will want blockchain and crypto payments baked into their phones. Watch the shift happen. Slowly, then suddenly.”

This surge in AI-focused tokens suggests a growing belief that Apple’s foray into AI will further accelerate the adoption of blockchain and cryptocurrency technologies. The integration of crypto payments and blockchain technology within mobile devices could potentially become a key trend in the near future, especially as consumers become more comfortable with AI-powered applications.

Read More