CoinMarketCap Launches AI Assistant CMC AI for Crypto Insights
CoinMarketCap launched CMC AI, an AI-powered assistant that provides quick answers to predefined questions regarding price movements, token fundamentals, and sentiment for major cryptocurrencies.
- Users can access questions like ‘Why is $BTC’s price up?’ with a click.
- CMC AI uses a large language model (LLM) to generate responses based on real-time token data.
- Answers for major tokens like Bitcoin and Ethereum are updated every 30 minutes; for others, updates occur if prices change more than 2% in an hour.
- The tool aims to reduce repeated queries to LLMs, saving costs for CoinMarketCap.
- Future updates planned for 2025 include personalized insights and trending market data.
The AI agent market currently values at $7.22B and is projected to exceed $10B soon, highlighting the growing significance of AI in the crypto space.
CoinMarketCap's CMC AI represents an integration of AI technology into cryptocurrency investing, potentially streamlining user experience and decision-making in the sector.
