How to use ChatGPT to predict crypto market trends

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Coin Telegraph 2d ago

How to use ChatGPT to predict crypto market trends - Coin Telegraph

Quick Summary:

This article explores practical ways of how to use ChatGPT for crypto market analysis — from collecting and organizing data to crafting effective prompts that help the model generate actionable insights.

A survey by Mercer Investments in 2024 revealed that 54% of investment managers have already integrated AI into their investment processes, while over 90% are either currently using or planning to adopt AI tools.Limitations of using ChatGPT for crypto market predictionsWhile ChatGPT can be a valuable tool for analyzing market trends, it has several limitations:Lack of real-time data: ChatGPT does not have live access to market prices, trading volumes or real-time sentiment.

Key takeawaysTo generate crypto market insights via ChatGPT, collect accurate historical and real-time data on prices, trading volumes and market capitalization.