How to use ChatGPT to find hidden gems in the crypto market
ChatGPT serves as a powerful research tool for crypto investors seeking to identify emerging tokens with high potential. By synthesizing social media sentiment and news headlines, traders can gauge market narratives around lesser-known coins. Incorporating technical indicators and on-chain transaction data allows users to track movements of smart money, aiding in spotting accumulation patterns. Utilizing multiple custom versions of ChatGPT enhances analysis; for instance, traders can connect a tokenomics summarizer with a smart contract safety evaluator. Additionally, building a data-driven scanner that employs embeddings, clustering, and anomaly detection can automate token discovery. This involves generating embeddings from white papers and social media, flagging unusual activity in real-time, and applying risk metrics related to token supply and liquidity. Lastly, backtesting signals using historical data can refine the process, creating a structured system for generating trade ideas. It is important to approach this with caution, as all trading involves risk and should be backed by thorough research.
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