Apple is all set for the iPhone 16 launch on Monday, gearing up for a major push to generative AI by introducing it to its consumers of iPhones

Tech company Apple Inc (NASDAQ:AAPL) is gearing up for a major push into generative AI technology. The world’s largest company by market capitalization is expected to announce its latest integration of AI into its consumer products on Monday.

The move by Apple is likely to have a significant impact on the cryptocurrency market, especially on AI coins, which have come under strong selling pressure in recent weeks.

Apple AI Push To Boost iPhone Sales

Apple is set to announce its latest iPhone 16 lineup on Monday, and analysts are expecting the tech giant to make a major push into generative AI technology. This move is being closely watched by investors, as Apple has the potential to bring AI to the masses.

Apple briefly showcased Apple Intelligence during its WWDC conference in June, which led to an immediate 15% surge in the AAPL stock price. Now, the company is reportedly planning to introduce generative AI to its iPhones, iPads, and Macs.

Apple is positioning Apple AI as a key feature of its latest phones, and analysts are betting on its exclusivity to boost iPhone sales, which have been declining in the past two quarters.

“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,” wrote Morgan Stanley analyst Erik Woodring in a note to investors.

Apple's鈍push into AI is also good news for Nvidia stock, which crashed by 15% last week, leading to strong selling pressure in AI coins. However, Apple’s Monday announcements could trigger a strong revival over the next week.

What Are AI Coins?

Artificial intelligence coins are cryptocurrencies that are specifically designed to integrate with AI technology or blockchain protocols. These coins can be used to power decentralized AI applications, contribute to AI development, or gain exposure to the rapidly growing AI market.

Some of the top AI coins in the market include Near Protocol (NEAR), Injective Protocol (INJ), Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). These coins have performed exceptionally well in 2023, outpacing the gains in the broader cryptocurrency market.

For instance, Near Protocol (CRYPTO:NEAR) is up 100% year-to-date, while Injective Protocol (CRYPTO:INJ) and Fetch.ai (CRYPTO:FET) have rallied by 150% and 350%, respectively, in 2023.

Artificial intelligence coins have gained strong traction over the last year with top AI coins such as Near Protocol (NEAR), Injective Protocol (INJ), Fetch.ai (FET) all giving 100-350% returns on the yearly charts.

With top tech giants taking the battle on the AI frontier, we can expect AI coin’s market dominance to grow in the future. On the other hand, market analysts are also experiencing a recovery in Nvidia stock after a 25% downturn in less than a month.

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