Discover the Hilarious Truth Behind CoinMarketCap’s New AI Tool! 🤖💰

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Ah, dear reader! Gather ’round, for CoinMarketCap has unveiled a most curious contraption—a tool that employs the mystical powers of LLMs to answer the burning questions of the crypto-enthusiasts! 🧐

In a world where crypto firms are as plentiful as pigeons in a park, on that fateful Tuesday, May 20, CoinMarketCap decided to launch an AI tool that promises to shower users with an abundance of information about every token listed on their grand platform. Imagine, if you will, AI agents that utilize the vast ocean of CoinMarketCap data to elucidate price movements, proffer price predictions, track the ever-elusive social sentiment, and deliver news that would make even the most stoic of investors chuckle! 😂

“CMC AI is now live on all Coin Detail Pages!

Get instant answers about price movements, token fundamentals, and sentiment with a single click. No more navigating multiple sources to understand what’s happening with your assets!”

— CoinMarketCap (@CoinMarketCap) May 20, 2025

“In this first phase of CMC AI, we’re focusing on delivering insights where users need them most—directly on token pages,” declared the illustrious David Salamon, Chief Product Officer at CoinMarketCap. “Our AI is purpose-built for crypto, trained on our extensive market data, and designed to surface insights when users need clarity about specific cryptocurrencies.”

Salamon, with a twinkle in his eye, clarified that the noble goal is to allow users to gather all the information they desire from a single site, thus sparing them the arduous task of scouring the vast wilderness of the internet for data. A true blessing, indeed! 🙏

How CoinMarketCap’s AI works

In a press release that could rival the most thrilling of novels, CoinMarketCap explained the inner workings of this new model. The tool interfaces with a large language model, such as OpenAI’s o3 reasoning model, providing it with a prompt that includes the latest price data. A veritable dance of data, if you will!

Once the results are generated, all users who click on one of the questions will see the same output—like a well-rehearsed play! The responses, however, are not conjured in real time but are updated periodically, like a clock that ticks just a tad too slowly. For the major tokens, the AI updates answers every 30 minutes, while for the smaller tokens, updates are triggered if the price moves more than 2% within one hour. A most peculiar arrangement!

This model allows users to receive instant answers without the agonizing wait for AI models to generate responses in real time. It also helps reduce API call costs for CoinMarketCap, which is surely a relief for their accountants! Yet, let us not forget, dear reader, that LLMs do not always provide accurate responses and can be prone to hallucinations—much like a tipsy poet at a soirée! 🍷

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2025-05-20 21:43