CoinMarketCap, a well-known cryptocurrency data platform, has introduced a new ChatGPT plugin designed to make cryptocurrency market analysis more accessible and user-friendly. This innovative feature takes advantage of ChatGPT's real-time data and insights capabilities, marking CoinMarketCap's entry into the world of AI tools.
The CoinMarketCap ChatGPT plugin combines two powerful tools: CoinMarketCap's vast cryptocurrency data repository and ChatGPT's Large Language Model (LLM) artificial intelligence. It serves as a source for answering queries related to the cryptocurrency market, offering information about relationships between various cryptocurrencies and their historical performance over time. To access this in-depth cryptocurrency analysis, users can activate the feature through a ChatGPT Plus subscription, available for $20 per month.
The ChatGPT plugin has several useful functions. One of its primary use cases is to analyze and display cryptocurrency price patterns during significant financial and social events. For example, it can investigate how Bitcoin performed before a U.S. presidential election or analyze the relationship between popular ERC-20 tokens and Ethereum. This feature is valuable to individuals interested in price predictions or AI trading in the blockchain and cryptocurrency space.
Accessing the CoinMarketCap ChatGPT plugin is easy. Users need to visit ChatGPT's website, select the GPT-4 tab, and click on "Plugins." They can then find CoinMarketCap and follow the installation steps. Once installed, users can activate the plugin within the GPT-4 tab, and they'll see the CoinMarketCap logo, indicating that the feature is ready to use.
More features are expected to be added to the plugin over time, further expanding its capabilities for AI trading and cryptocurrency analysis. This development makes it simpler for cryptocurrency enthusiasts to access and analyze market data with the help of AI.
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