3 ways to leverage new ChatGPT features for crypto

After OpenAI released the voice, image, and browsing capabilities for its artificial intelligence (AI) platform ChatGPT, the new additions have opened a world of possibilities for investors, traders, and anyone else involved or interested in the cryptocurrency sector.

Specifically, OpenAI rolled out the voice and image capabilities on September 25, followed by the ability of its chatbot to browse the internet on September 27. Although these are currently only available to Plus users, the company announced real-time browsing for other users “soon.”

In terms of the cryptocurrency market, the new ChatGPT options bring multiple advantages, with the most important three being better access to information, voice-activated retrieval, and image Analysis of chart data.

1) No more knowledge cutoff

The annoying “As for my knowledge cutoff in September 2021…” is now a thing of the past, at least for the Plus users for the time being, as ChatGPT can now provide summaries and insights from recent articles and research papers, helping users stay informed about the latest developments in the highly dynamic sector.

Cryptocurrency

AI forecasts XRP price for the end of 2023

Cryptocurrency

3 cryptocurrencies under $0.10 to buy next week

Stocks

Is NVDA stock at risk? French authorities raid Nvidia's offices

Stocks

ChatGPT predicts Tesla stock price after Cybertruck launch

Cryptocurrency

Radix Babylon upgrade enters new age for Web3 user and developer experience

On top of that, access to real-time and relevant data allows individuals to more precisely assess market conditions and trends, stay on top of changing regulations and crypto guidance, identify better opportunities, manage risks, and even predict prices in order to make more informed decisions.

2) Voice-activated data retrieval

Furthermore, ChatGPT’s voice feature allows users to ask questions about various crypto information, including transactions and account balances, and receive precise and immediate responses. This feature could be especially valuable for on-the-go crypto investors who want to stay informed about their target market without needing to read or type.

Moreover, it allows the creation of voice-guided tutorials or FAQs using ChatGPT’s voice capabilities, which can help users understand complex crypto concepts, set up wallets, or navigate crypto exchanges, making it easier for newcomers to get started in the crypto world.

3) Image analysis for market data

Finally, users can deploy image recognition for analyzing crypto graphs and identifying particular chart patterns. This can assist crypto traders and investors in quickly interpreting market data, identifying trends, and making informed decisions.

For instance, visual Analysis can identify key support and resistance levels for particular cryptos, analyze advanced charting tools that use technical Analysis (TA) indicators, as well as recognize patterns in price movements or trading volumes that may not be immediately apparent to human traders.

Indeed, the launch of ChatGPT has opened a window into the world of countless new opportunities, and its creators seem to be far from over in building upon it, bringing new ways to interact with digital assets and other participants in the crypto market.

Comments

Post a Comment

Popular posts from this blog

Ripple XRP Price Prediction: New Year 2024

Image
Ripple ’s XRP token has seen a significant rise in its price this year. Since January 2023, the asset has surged by over 80%. However, the popular cryptocurrency remains overshadowed by others, such as Solana (SOL), which grew by over 1000%, and Bitcoin (BTC), which rallied by nearly 160% in the same time frame. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When XRP saw a massive spike in its price, reaching $0.82 after a US district court ruled that Ripple selling the token to retail clients did not breach securities law. However, the US SEC (Securities and Exchange Commission) has taken the lawsuit to the high court. There is a possibility that the high court will rule similarly to the district court. However, XRP’s price has stagnated over its legal unclarity. The asset has yet to reclaim its July 2023 levels and is since down almost 24%. Ripple XRP price prediction for New Year 2024 Source – The Coin Republic According to Chang...
Read more

Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

The swap was done on Uniswap. Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66. Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature. The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether ( ETH ) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange. Market reaction and impact The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market. Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected ot...
Read more

EV Charging Payments App on Blockchain Raises $310k in Presale – Invest Early in Future-Proof Project

Image
C+Charge is an upcoming EV charging payment app that aims to streamline the charging process and provide rewards to users. The app will connect EV owners with charging networks, allowing for easy payment transactions and earning carbon credits and sustainable cryptocurrency rewards in the process.  Utilizing decentralized blockchain technology, C+Charge's P2P payment system is making EV charging more efficient, cost-effective, and transparent. The platform's rewards system is one of its defining Features . By using C+Charge's utility token, CCHG, to pay for charges, EV drivers can earn carbon credits that can be used for a variety of purposes such as offsetting carbon footprint or even offsetting travel.  Additionally, C+Charge's partnership with Flowcarbon allows for tokenized carbon credits through Flowcarbon's Goodness Nature Token ($GNT) to be earned as well. C+Charge's goal is not just about earning rewards, but also bringing standardiza...
Read more