Apple Intelligence Could Spark Major AI Coin Rally

Following recent selling pressure, Coingape elaborates that next week's crypto market could see an AI coin rally due to Apple's AI effort.

As Apple prepares to unveil Apple Intelligence with its iPhone 16, excitement is palpable for a potential AI coin rally. This development comes amidst anticipation for Apple's entry into the generative AI space and recent market dips.

According to Coingape, next week's crypto market could witness an AI coin rally due to Apple's AI endeavors.

After two consecutive quarters of declining iPhone sales, Apple is set to unveil its major foray into generative AI on Monday. In a bid to rival competitors like Google and Microsoft, the tech giant is poised to integrate Apple Intelligence into its products.

AAPL Stock Surges 15% Following AI Announcement

Earlier this year, during the WWDC conference, Apple's announcement of Apple Intelligence sparked a 15% surge in AAPL stock price. Analysts now anticipate that Apple's latest phones will feature exclusive use of Apple AI, boosting iPhone sales.

However, Apple's AI undertaking may herald a broader shift for generative AI, extending beyond sales. In a note to investors, an analyst at Morgan Stanley, Erik Woodring, stated the following:

“Apple Intelligence remains the key to unlocking pent-up iPhone demand and accelerating replacement cycle, and we expect Apple’s… event to heavily feature AI integration on the new iPhone 16”.

Siri, iMessage Features to Receive AI Boost Among Apple's diverse software offerings, the AI push is also expected to enhance the Siri experience, summarize text message threads, prioritize emails in the inbox, and more.

Among the top AI coins, Near Protocol (NEAR), Injective Protocol (INJ), and Fetch.ai (FET) all surged by 100–350% on the annual charts, showcasing the substantial traction that AI currencies have garnered over the past year.

AI Coins Gain Momentum as Tech Giants Battle on AI Frontier As major IT companies engage in a battle at the AI frontier, the market dominance of AI coin is poised to amplify in the coming period.

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