Cindicator (CND) is a forward-thinking, innovative project that has captured our attention. In the past day, it has gained 38% – and it has tripled in value over the past week. Not only has the Cindicator coin price been rapidly growing, the technology behind this cryptocurrency is getting a lot more buzz lately – and for a good reason. Sure, many new blockchain ventures are promising some pretty futuristic and intriguing products in the future. But Cindicator, in particular, is putting forward something that is getting investors especially excited. The technology is exciting (and probably lucrative): the fusion of human intelligence and artificial intelligence (AI).
Perhaps what is causing so much recent commotion is the fact that Cindicator (CND) has been making double and triple-digit games in the past few days. On January 29th, it was the top gainer (according to CoinMarketCap.com), rising 120% in 24 hours.
At the time of writing today, the Cindicator coin price is sitting at $0.28. That’s nearly 700% higher than its price a month ago.
And the best part about this coin is that it’s already a functioning financial prediction platform. There are so many coins that crypto traders buy into that don’t have an actual product on the market yet. Unlike Cindicator (CND), we often buy into concepts. With this one, it’s a tangible – and highly promising – tool.
So, what is Cindicator all about?
According to Cindicator (CND), we are getting more and more information about both traditional financial markets and cryptocurrency markets. But, while that’s happening, our market analytics tools are pretty much staying the same. The value of these instruments have been declining.
To combat this, Cindicator has developed a new type of social and technological infrastructure that can be used to make decisions within the rocky waters of our changing economy. They are doing this by fusing artificial intelligence with the human intelligence of financial analysts to create what they call “hybrid intelligence.”
Or, as Cindicator puts it:
By combining a large number of diverse financial analysts and a set of machinelearning models into a single system, we are developing a Hybrid Intelligence infrastructure for the efficient management of investors’ capital in traditional financial and crypto-markets
The main goal is to make asset management more efficient.
How does it work?
People can actually become an analyst on the Cindicator platform already. The product is up and running, and is even doing work as we speak: gathering a ton of data and forecasting the future of assets and commodities via a hybrid of AI and user-generated predictions.
Analysts register and input their predictions. The analysts who participate get rewarded, of course, with USD or BTC. If the forecast ends up being incorrect, then it’s all okay – there are no penalties or anything.
One of the Cindicator team members actually breaks it down really well in this reddit post.
And the Cindicator coin price path?
This cryptocurrency has grown a lot in the past month. It was trading under $0.05 a month ago, and it’s $0.28 at the time of writing. Just seven days ago it was trading under 10 cents, so the Cindiator coin price has nearly tripled in less than a week. According to CoinCheckup.com, its average daily return on investment (ROI) is 7.37%.
As the Cindicator coin price has added more and more value onto itself, it has also climbed the rankings. Now, the entire cryptocurrency has a market cap of $436 million. That puts it in 65th place for most valuable coin on the market.
— Cindicator (@Crowd_indicator) January 19, 2018
We think that, especially as this relatively new product starts getting picked up more and more, the Cindicator coin price journey will continue on its upward trajectory. Apart from gaining so much in value, CND coins are actually useful on the Cindicator platform for those who participate in the hybrid intelligence ecosystem.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.