CoinMarketCap is not the only crypto company exploring the benefits of AI technologies since the AI hype began.
Crypto data aggregator CoinMarketCap announced its entry into the world of artificial intelligence through the launch of the ChatGPT plugin, which promises to redefine crypto analysis for users around the world.
According to the company, the new plugin is designed to act as an AI crypto analyzer. To achieve this goal, the tool will combine CoinMarketCap’s crypto data repository with large-language model (LLM)-based AI chatbot capabilities to enable users to analyze the performance and patterns of digital assets during critical events. Can go.
CoinMarketCap adopts ChatGPT for crypto data analysis
in one Announcement The company said something new on October 11 aye The feature aims to democratize access to detailed crypto analysis for users around the world, making it more accessible to a wider range of participants in the emerging economy.
The ChatGPT plugin, available to ChatGPT Plus customers using GPT-4, provides answers to questions about crypto market correlation, performance and trends.
Although the tool is free to use, it is exclusively accessible to GPT-4 users without additional charges beyond the standard $20 subscription fee.
“We are very proud of what we are delivering with the CoinMarketCap plugin for ChatGPT. Combining AI with real-time, comprehensive data sources like CoinMarketCap will change the way people do research. It’s like giving every crypto investor their own personal crypto analyst,” said David Salamone, Product Director at CoinMarketCap.
CoinMarketCap to introduce more AI features
Crypto data company owned by the world’s largest exchange Binance Said it plans to introduce more AI features in the future.
The company’s product director David Salamon described the new milestone as an initial version (V1) and claimed it would have more features in the future.
“This is v1; There’s more to come, and we look forward to hearing feedback from our community. This is another step towards our mission to organize the world’s crypto intelligence and make it easily available to everyone.
Crypto Companies Exploring AI Technologies
Meanwhile, CoinMarketCap is not the only crypto company exploring the benefits of AI technologies since the AI hype began. Many companies, including Binance, have introduced AI tools to help users navigate the complexities of blockchain technology.
Binance Launches AI-Powered Non-Fungible Token (NFT) Generator for verified users. Bitget, another crypto exchange, has also introduced new AI features to help users navigate the complexities of grid trading. The company announced in July that it had launched an AI feature for its grid trading strategies, which leverages the use of trading algorithms to automate transactions for users.
Additionally, Bitget’s Managing Director Gracie Chen revealed in a recent interview that the crypto exchange is using other AI technologies to handle its multi-language services as well as translations for its customer service department.
In a separate financial sector, stock trading exchange Nasdaq, which also offers crypto trading options, has received approval from the United States Securities and Exchange Commission (seconds) to execute AI-based trade orders in September.
Chimamanda is a crypto enthusiast and experienced writer who focuses on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed her interest in emerging economies. She combines her passion for blockchain technology with her love for travel and food, bringing a new and fascinating perspective to her work.
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