CoinMarketCap Introduces AI Tool for Crypto Investors
CoinMarketCap, the crypto data aggregator, has launched a new AI tool that functions as a crypto analyst for investors. This tool can provide real-time responses to various questions, including educational inquiries and investment decisions.
Upgraded ChatGPT with Internet Connectivity
The launch of this product is attributed to the recent upgrade of ChatGPT, which now allows it to explore the internet. Previously, ChatGPT was limited to data up until September 2021 due to its lack of internet connectivity. However, the upgrade has granted it the capability to access the internet.
Addressing Complex Questions with Real-Time Crypto Data
CoinMarketCap claims that the AI tool can address challenging questions from users by leveraging its internet connectivity. It operates as an AI crypto analyst and can provide instant answers by tapping into CoinMarketCap’s real-time crypto data through simple chat prompts.
Examples of Questions and Bitcoin Price
The tool provides examples of questions that can be asked, ranging from finding connections between different cryptocurrencies to identifying the best days for Bitcoin’s performance. At the time of publication, Bitcoin’s price is $26,835.
Furthermore, the tool can explain how major global events affect performance cycles in the crypto industry. With news constantly evolving, including court filings, project advancements, and updates on central bank digital currencies (CBDC), the crypto industry operates at a rapid pace.
Spike in AI Crypto Trading Bots
The tool’s intelligence enhances over time as users spend more time using it. Questions that once required time-consuming data analysis can now be answered instantly, and the tool learns from users’ queries to become smarter.
There has been a recent surge in AI crypto trading bots, with reports questioning their reliability and accuracy compared to traditional trading bots. AI bots can conduct more in-depth data analysis compared to simple algorithm-based traditional bots. They employ intricate algorithms, including neural networks, which can identify patterns and connections not easily noticeable to human traders.
Hot Take: CoinMarketCap Revolutionizes Crypto Analysis with AI Tool
CoinMarketCap’s introduction of an AI tool that operates as a crypto analyst marks a significant development in the crypto industry. This tool leverages real-time crypto data to provide instant answers to complex questions, aiding investors in their decision-making process. With the ability to explore the internet, the upgraded ChatGPT opens up new possibilities for data analysis and insights. The continuous enhancement of the tool’s intelligence through user interactions ensures its effectiveness over time. As the crypto industry evolves rapidly, this AI tool equips investors with valuable information about market trends and performance cycles affected by global events.
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