On June 10, tech giant Apple's introduction of artificial intelligence products affected altcoins.

Apple's (AAPL) highly anticipated annual developer event did not create the desired impact. The company announced its artificial intelligence product, Apple Intelligente, stating that this feature will be added to all IOS-based phones.

However, this presentation, which did not meet expectations, had a negative impact on artificial intelligence-focused altcoin prices. After Apple's event, projects such as Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) experienced a decline.

Artificial intelligence altcoins are in decline

One of the artificial intelligence-focused altcoins that lost the most value after the Apple event was Bittensor's TAO. According to CoinGecko data, TAO experienced a decline of around 8%.

FET experienced a drop of %3, AGIX dropped by %3.4 and RNDR was among the artificial intelligence projects that disappointed investors with a drop of around %7.

Apple shares lost about %2 of their value.

In contrast, many of these projects have managed to stand out with their dazzling performance since the beginning of the year and have accumulated a total market value of hundreds of millions of dollars.