AI Tokens ICP, FET Buck Crypto Market Drop as Apple Flags Artificial Intelligence Foray

As a seasoned researcher with a keen eye for emerging trends and a deep understanding of technology, I can’t help but be intrigued by Apple’s latest move into the AI sector. Having spent years studying the intersection of technology and finance, I’ve seen firsthand how groundbreaking innovations can reshape entire industries.In simpler terms, the digital currencies associated with blockchain projects that focus on artificial intelligence (AI) performed exceptionally well following Apple Inc.’s (AAPL) demonstration of integrating AI technology into their smartphones, outpacing the overall market.

On a day-to-day basis, the Internet Computer Protocol’s ICP token has risen by approximately 10%, making it the top performer among the 100 largest cryptocurrencies in terms of market value, as reported by data provider Coingecko. The Artificial Superintelligence Alliance’s FET token ranked fifth, increasing by 5%. Smaller tokens saw double-digit growth, with ChartAI’s EYE token leading the way, experiencing a substantial 50% jump.

As a researcher delving into the dynamic world of cryptocurrencies, I observed an interesting trend recently. Following the less-than-impressive performance of pro-crypto candidate Donald Trump during a debate with Kamala Harris, market leaders such as Bitcoin (BTC), Ether (ETH), and other significant digital currencies experienced losses. In the same timeframe, the CoinDesk 20 Index (CD20), serving as a barometer for the broader crypto market, dipped by approximately 0.7%. This suggests that political events can potentially influence the crypto market’s trajectory.

During its “It’s Glowtime” event on Monday, Apple emphasized the integration of Artificial Intelligence (AI) functionalities into their smartphones. The tech giant, listed on Nasdaq, announced plans to roll out AI features such as improved writing tools, enhanced Siri responses, and sophisticated photo and video editing options under the brand name “Apple Intelligence.” These features will be accessible with the iOS 18.1 update and will continue to be developed further.

As a researcher, I’ve noticed that the recent event didn’t explicitly discuss cryptocurrency or blockchain. However, market players seem optimistic about the potential impact of Apple’s AI advancements. They believe these innovations could positively influence various aspects, even extending to blockchain projects.