Introduction
CoinMarketCap, the popular crypto data aggregator owned by Binance, has introduced a new plugin for its AI chatbot, ChatGPT. This plugin allows users to ask the large-language model (LLM) a range of crypto-related questions, providing real-time information sourced directly from CoinMarketCap.
Accessing the Feature
Users can access the plugin by signing in to their ChatGPT Plus account and enabling the feature. There is no additional fee to use the plugin, apart from the existing $20 per month subscription fee for ChatGPT Plus.
Expanded Capabilities
Previously, the base version of ChatGPT had limited use for crypto enthusiasts, as the data was mostly restricted up to September 2021. Additionally, the web browsing capabilities of ChatGPT had limitations in serving real-time crypto data. However, with the integration of the CoinMarketCap plugin, users can now access prompts generated by ChatGPT that are sourced directly from CoinMarketCap, providing up-to-date information such as listings, gainers and losers, and the latest blockchain statistics.
Functionality of the LLM
The LLM integrated into ChatGPT is capable of generating answers for a wide range of crypto-related questions. Users can ask simple questions like, "How correlated are Bitcoin and Ethereum in 2023?" or more complex queries regarding token distribution models and their correlation with observed price volatility.
Compatibility and Adoption
The CoinMarketCap plugin is compatible with both desktop and mobile devices, making it accessible to users across various platforms. This move by CoinMarketCap comes as multiple exchanges are exploring the use of AI technologies. Bitget, for example, has already launched an AI-powered feature for its grid trading strategies, while NASDAQ recently received approval for AI-based trade orders. Binance, the parent company of CoinMarketCap, has also unveiled an AI-powered nonfungible tokens generator for verified users.
Conclusion
The integration of the CoinMarketCap plugin with ChatGPT opens up new possibilities for crypto enthusiasts to access real-time information and get answers to their crypto-related questions. As AI technologies continue to evolve in the crypto space, it will be interesting to see how they enhance the overall trading and user experience.
