AI tokens rallied even as macroeconomic and political developments weighed on the broader crypto market.Native cryptocurrencies of blockchain endeavors supposedly involved with artificial intelligence outshone the broader market after iPhone maker Apple showcased its efforts to bring the technology to its smartphones.
AI-focused decentralized blockchain platform Internet Computer Protocol's ICP token is about 10% higher on a 24-hour basis, the best-performing token among the 100 biggest cryptocurrencies by market value, according to data source" event on Monday focused on bringing AI capabilities to the smartphone.
The event did not mention crypto or blockchain. Still, market participants are confident Apple Intelligence will have a positive effect on all things AI, including blockchain projects. "Just like everyone's buzzing about Apple Intelligence in phones now, soon it'll be all about crypto," Pranav Maheshwari, an engineer at the Graph Protocol,in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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