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CoinMarketCap releases the ChatGPT addon.

A cutting-edge plugin, completely free for your use, boasts the latest cryptocurrency data sourced directly from the renowned platform, CoinMarketCap.

CoinMarketCap, the eminent crypto data aggregator under the wing of the crypto giant Binance, has unveiled an innovative plugin designed specifically for the Large-Language Model (LLM)-powered AI chatbot, ChatGPT.

As per the official announcement made on October 11th, users can easily access this feature by logging into their ChatGPT Plus account and enabling the plugin. This enables users to inquire about a wide array of cryptocurrency-related queries. It’s important to note that there are no additional charges for using this plugin, except for the standard $20-per-month subscription fee for ChatGPT Plus. The developers emphasized that the foundational ChatGPT offers limited utility to crypto enthusiasts, as its data is mostly confined to information available until September 2021. Furthermore, the enhanced web browsing capabilities of ChatGPT have certain limitations when it comes to providing real-time cryptocurrency data.

The Large-Language Model (LLM) exhibits impressive capabilities, handling inquiries from basic questions like “What’s the correlation between Bitcoin and Ethereum in 2023?” to more complex matters such as “How do variations in token distribution models (ICO/IDO/launchpads, etc) correlate with observed price volatility?” Through this integration, ChatGPT generates responses sourced directly from CoinMarketCap, offering real-time insights on listings, gainers, losers, and the latest blockchain statistics, among others. Remarkably, this tool is compatible with both desktop and mobile devices.

In the current landscape of cryptocurrency exchanges, multiple platforms are venturing into the realm of artificial intelligence (AI) technologies, all in the wake of the ChatGPT phenomenon. Back in July, Cointelegraph reported that Bitget, a cryptocurrency exchange, introduced an AI-powered feature for its grid trading strategies. This feature harnesses advanced trading algorithms to automate transactions for its user base. In an interview, Gracy Chen, the Managing Director at Bitget, disclosed that the exchange has integrated AI tools to streamline translation services for its multi-language user base and enhance the efficiency of its customer service department.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.