Founded in 2015, Cindicator uses the wisdom of crowds to improve decision making related to both cryptocurrency and more traditional investing. Users answer questions posed by the team on their platform and mobile app and make their own predictions regarding the financial and cryptocurrency markets. Users whose predictions accurately reflect the outcomes of those questions are compensated with CND, the platform’s native token.
Cindicator aims to be one of the leading forecasting projects in the cryptocurrency space and also provides an opportunity for users to monetize their intellectual assets without risking their own funds. Cindicator also allows users to access the tools and data necessary for making accurate investment decisions regardless of market certainty, and in the current climate looks set to have a guaranteed user base of eager investors.
Despite being formed in 2015, Cindicator only conducted an ICO earlier this year, with the CND token hitting the market in September. The month of October proved to be a difficult one for new projects and despite being one of the more anticipated projects, the price of CND didn’t reflect this. After a post ICO spike, the price of CND continued to drop over the autumn as a number of harsh market conditions took their toll on the coin price. The price of CND fell around 30% below the ICO price, as it traded at around $0.007 at the beginning of November; however, since then the price has begun to pick up.
Over the past couple of weeks, CND has begun trading above its ICO price and currently sits at approximately $0.02, which represents an ROI of around 100% for early investors. The last seven-day period has seen CND consistently fluctuate in price as investors begin to trade the token more frequently, CND currently experiences 24 hour trading volumes in the region of $450,000, which shows a significant increase in activity from it starting position on Monday of $145,000.
Cindicator is run by an established team of specialists and involves seasoned advisors such as Charlie Shrem, Anthony Diiorio, and Evan Cheng. CND currently only trades on the HitBTC and Mercatox exchanges and rumors are in the air that the Cindicator team will announce a major exchange listing within the next few days. As a result, we can expect to see an increase in investors trading in CND and some positive price action over the next week. Cindicator is a project on the rise and has something that may interest many in the cryptocurrency space. The possibility of a surge in price and trading activity over the next week make CND the coin to watch.