Cryptocurrency data aggregator CoinMarketCap has announced its foray into the world of artificial intelligence through the launch of ChatGPT plugin that promises to redefine crypto analytics for users worldwide. .
According to the company, the new plugin is designed to act as an AI cryptocurrency analyst.
To achieve this goal, the tool will combine CoinMarketCap's cryptocurrency data repository with large language model (LLM)-based AI chatbot capabilities to enable users to analyze performance and patterns digital assets during important events.
CoinMarketCap uses ChatGPT to analyze cryptocurrency data
In an announcement on October 11, the company said the new AI feature aims to democratize access to detailed cryptocurrency analysis for users globally, helping more people participate in the platform. emerging economies can access more easily.
ChatGPT Plugin, available to ChatGPT Plus subscribers using GPT-4, provides answers to questions about cryptocurrency market correlations, performance and trends.
Although the tool is free to use, GPT-4 users can only access the tool at no additional cost, beyond the standard $20 subscription fee.
David Salamon, product manager at CoinMarketCap, said:
“We are very proud of what we are delivering with the CoinMarketCap plugin for ChatGPT. Combining AI with comprehensive, real-time data sources like CoinMarketCap will change the way people research. It's like giving each crypto investor their own personal Crypto Analyst.”
CoinMarketCap will introduce more AI features
Cryptocurrency data company owned by the world's largest exchange Binance said it plans to introduce more AI features in the future.
David Salamon, the company's chief product officer, described this new milestone as an initial version (V1) that confirms there will be more features in the future.
“This is v1; There's a lot more to come and we look forward to hearing from our community. It's another step forward in our mission to organize the world's crypto intelligence and make it easily accessible to all.”
Cryptocurrency companies explore AI technology
Meanwhile, CoinMarketCap is not the only cryptocurrency company to explore the benefits of AI technology since the AI craze began.
Several companies including Binance have introduced AI tools to help users explore the complexities of blockchain technology.
Binance has launched an AI-powered Non-Fungible Token generator for verified users. Another cryptocurrency exchange Bitget has also implemented new AI features to help users navigate the complexities of grid trading.
The company announced in July that it launched an AI feature for its grid trading strategies, leveraging the use of trading algorithms to automate trading for users.
Additionally, Bitget CEO Gracy Chen revealed in a recent interview that the cryptocurrency exchange is using other AI technologies to handle translation for multilingual services. as well as its customer service department.
In another area of finance, stock exchange Nasdaq also offers cryptocurrency trading options which received approval from the US Securities and Exchange Commission (SEC) in September to implement AI-based trading orders.
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