CoinMarketCap Introduces ChatGPT Plugin
CoinMarketCap, the leading cryptocurrency data aggregator owned by Binance, has recently launched an innovative plugin for its large-language model (LLM) based AI chatbot, ChatGPT. This new feature allows users to ask ChatGPT a wide range of crypto-related questions. By signing in to their ChatGPT Plus account and enabling the plugin, users can access real-time crypto data and receive answers to their queries without any additional fees other than the monthly subscription fee of $20 for ChatGPT Plus.
Empowering Crypto Enthusiasts with ChatGPT Plugin
The base version of ChatGPT has previously been limited for crypto enthusiasts, as the data available was mostly restricted up to September 2021. Moreover, its web browsing capabilities also had limitations in providing real-time crypto data. However, with the integration of CoinMarketCap’s plugin, ChatGPT becomes a more powerful tool.
With the plugin, ChatGPT can now answer simple questions like “How are Bitcoin and Ethereum correlated in 2023?” or “How do different token distribution models correlate with price volatility?” The prompts generated by ChatGPT are sourced directly from CoinMarketCap, ensuring accurate and up-to-date information on listings, gainers and losers, latest blockchain statistics, and more. Additionally, this feature is accessible on both desktop and mobile devices.
Exploring AI Technologies in the Crypto Industry
Various exchanges in the crypto industry are currently experimenting with AI technologies, and the popularity of ChatGPT has contributed to this trend. For example, Bitget, a crypto exchange, recently launched an AI-powered feature for its grid trading strategies, enabling users to automate transactions using trading algorithms. In addition, Bitget utilizes AI tools for translation services and customer support.
The NASDAQ exchange also gained approval from the U.S. Securities and Exchange Commission to implement AI-based trade orders, showcasing the increasing adoption of AI in traditional finance as well. Even Binance, the parent company of CoinMarketCap, has introduced an AI-powered nonfungible tokens generator for verified users, expanding the use of AI in the crypto space.
Opportunities and Advancements in the Crypto Industry
The integration of AI technologies like ChatGPT plugin in the crypto industry opens up new opportunities for investors, traders, and enthusiasts. By leveraging the power of AI, individuals can access real-time data and gain valuable insights, enabling them to make informed decisions.
As the crypto industry continues to evolve, it’s essential for market participants to stay updated with the latest advancements. CoinMarketCap’s ChatGPT plugin is a step in the right direction, providing a convenient and efficient way to access reliable crypto data.
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