CoinMarketCap Unveils ChatGPT Plugin for Real-time Crypto Queries
Summary:
CoinMarketCap, owned by Binance, has developed a new plugin for AI chatbot, ChatGPT. Users can access the feature by enabling the plugin on their ChatGPT Plus accounts for a $20 monthly fee. The plugin allows crypto enthusiasts to get well-informed, real-time answers to a range of crypto-related questions. The data comes from CoinMarketCap, featuring latest listings, gainers, losers, and critical blockchain statistics. As AI takes root in financial exchanges, CoinMarketCap's plugin improves accessibility to vital crypto insight for both desktop and mobile users.
CoinMarketCap, a crypto data compilating platform under Binance's wing, has developed an innovative add-on for the large-language model (LLM) AI-based bot, ChatGPT. The unveiling on October 11 revealed that ChatGPT Plus account holders can make use of the new feature simply by activating the plugin, which facilitates responses to an array of crypto-focused questions. The plugin is fee-free, with only the ChatGPT Plus subscription fee of $20 per month applicable. The basic ChatGPT utility has left crypto fans wanting due to data restrictions up until September 2021 and the limited real-time crypto data offered by its newly-enhanced web browsing functions, developers noted. Nevertheless, the LLM can generate responses to straightforward questions such as "What is the correlation between Bitcoin and Ethereum in 2023?" and more complex ones like "What is the correlation between volatility in token prices and variances in token distribution models (ICO/IDO/launchpads, etc)?". The prompts generated by ChatGPT through the integration rely directly on real-time data from CoinMarketCap, including listings, gainers and losers, latest blockchain data, among others. The plugin is compatible with both desktop and mobile devices. Several exchanges are currently pioneering AI technology amidst the rise of ChatGPT. Bitget, a crypto exchange, introduced an AI capability for grid trading strategies in July, as reported by Cointelegraph. The system exploits trading algorithms to automate user transactions. Gracy Chen, Bitget's managing director, disclosed in an interview that AI tools are being used for translation in multiple languages and customer service support. Meanwhile, the NASDAQ exchange won approval from the U.S. Securities and Exchange Commission last month for AI-based trade orders. Binance has also launched a nonfungible tokens generator powered by AI for verified users.
Published At
10/11/2023 5:30:00 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.