CoinMarketCap Introduces AI-Powered Tool for Token Analysis
CoinMarketCap has launched a new AI tool to help crypto enthusiasts understand tokens better.The tool uses large language models (LLMs) to answer common questions about tokens on the platform. It aims to provide users with a thorough overview without needing to visit multiple sites.
CMC AI,as it’s called,is live on all Coin Detail Pages. It offers insights into price movements, predictions, social sentiment, and general token information.This tool makes it easier for users to get instant answers with just one click.
David Salamon,Chief Product Officer at CoinMarketCap,shared,”Our AI is designed specifically for crypto and uses our market data to provide insights when users need them. It helps users make informed decisions by eliminating the need to search for information across various sources.”
Here’s how CMC AI works:
- It interfaces with a large language model like OpenAI’s o3 reasoning model.
- It provides instant answers that are updated periodically.
- Updates occur every 30 minutes for major tokens and for smaller tokens when the price changes by more than 2% within an hour.
This approach means users get timely, reliable information without waiting for real-time generation, which also reduces costs for CoinMarketCap. However, it’s worth noting that LLMs can sometimes generate inaccurate responses.
For more details, check out the CoinMarketCap website.
