20 Jan What is Cindicator (CND) and Why is it Up Almost 150%?
Cindicator (CND) is making a big splash today on the cryptocurrency market, as it is today’s biggest gainer by a large margin of almost 100%.
What Is It?
Cindicator started back in 2015 but its ICO ran in October 2017. Cindicator is working on creating an open ecosystem that combines the collective intelligence of financial analysts, data scientists, and traders with Artificial Intelligence. The company uses the ecosystem to develop a new kind of technological infrastructure that provides financial analysts, traders, and investment funds with a more efficient approach and valuable predictive analytics for asset management.
In short, Cindicator creates infrastructure for Hybrid Intelligence tech and then sells the products.
2017 was a monumental year for cryptocurrency. In January it was valued at around $15 billion and by the end of the year, the value had increased to around $600 billion. December was a rather busy month for both cryptocurrency and Cindicator, as it released its Cindicator bot. It was tested on the cryptocurrency market and the data that was found showed that the market indicators tracked by the bot were 72.41% correct.
That is a huge milestone for the start-up company and a major reason why I feel the coin shot up towards the end of December. Additionally, Binance picked up the cryptocurrency and it began trading in December. Given the fact that Cindicator has only been a coin for around four months, the significant strides it has made are a huge deal in the crypto world.
As the bot project expands and reaches different industries, the coin will continue to pick up and hit mainstream news, especially now that it is traded on the exchange giant Binance.
At press time, CND is selling at $0.20 a coin and is up 120% in 24 hours time. Its current market cap is $302 million, up 923% from the end of November.
You can trade for the cryptocurrency on Binance, Hitbtc, and Mercatox.
Featured Image: twitter