CoinMarketCap Launches ChatGPT Plugin to Simplify Crypto Analysis
CoinMarketCap, the well-known cryptocurrency data platform, introduced a ChatGPT plugin on Tuesday, offering users a streamlined way to access complex crypto market analysis.
The new feature leverages the capabilities of ChatGPT to offer real-time data and insights, adding a new tool to the toolbox of how we understand crypto analytics.
The initiative seeks to make crypto analysis more accessible and user-friendly by integrating AI-driven insights directly within the CoinMarketCap platform. This development marks the first time CoinMarketCap has ventured into the AI tools space.
The CoinMarketCap ChatGPT plugin brings together two tools: CoinMarketCap's crypto data repository and ChatGPT's LLM artificial intelligence capabilities.
The plugin offers answers to questions about the crypto market, such as correlations between different cryptocurrencies and their performance over time. Users can activate the feature via the ChatGPT Plus subscription, available for $20 per month, and start utilizing it for detailed crypto analysis.
The ChatGPT plugin has a variety of functions. One use case is analyzing the performance of and spotting patterns in prices of different cryptocurrencies during important economic and social events.
For instance, the tool can check the Bitcoin price performance leading up to U.S. presidential elections or analyze the correlation between popular ERC-20 tokens and Ethereum. Essentially, the plugin serves as a go-to source for anyone seeking to engage in price prediction or leverage AI trading within the blockchain and crypto space.
Accessing the ChatGPT plugin on CoinMarketCap is a straightforward process. Users need to head to ChatGPT's website, select the GPT-4 tab, and then click on "Plugins." From
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