On this page we discuss Cindicator. AI and market analytics for accurate financial analysis? The team wants to predict the market with a hybrid system. The opinions of humans and artificial intelligence should ensure this together, according to Cindicator. CND wants to become the platform for market analysis.
In this article we look at the use case of Cindicator, the CND coin and the Cindicator forecast. I hope this gives you a better idea of the project and its potential. What will the Cindicator crypto do?
What is Cindicator?
Cindicator is a blockchain project that combines artificial intelligence and human forecasting to predict financial markets. The Cindicator team calls this hybrid intelligence.
They believe that the combination of AI and humans will turn the future of the prediction markets upside down. The great thing about this project is that it already works. A working use case can have a positive effect on the Cindicator expectation.
The Cindicator ecosystem delivers more than 350,000 forecasts per month. This is done by about 30 algorithms. Of course, analysts also play a role in this large amount of forecasts. More than 100,000 analysts work every day to obtain accurate market analysis through crowdsourcing.
The idea behind crowdsourcing is that the opinion of the masses is more correct than that of one expert. The masses get questions every day about the cryptocurrency market and the ‘normal’ financial market. The masses are the analysts who answer these questions and these answers together form a prediction.
The combination of AI and humans works well together, as CND’s AI systems test the analysts, as it were. The beauty of this system is that the analysts build a track record. The more times the analyst has made good predictions in the past, the more his answer is worth.
Predicting the future is almost impossible, yet it is done a lot. Especially in the financial market, people try to predict how things will turn out with the CND price, for example. Systems are already being used for this and extensive investments are being made in computer programs that help people.
AI, on the other hand, is less used and relatively new. Predicting the CND price for 2 years from now is almost impossible. Especially in the crypto market, it can be very dangerous to burn your hands predicting, for example, the Cindicator forecast. Even with a hybrid system it remains dangerous, but perhaps it can help you.
We do know that the financial market is huge. Good forecasting systems can be worth a lot of money. If it is the case that Cindicator is a good platform and that the analyzes are assessed positively, this can have an effect on the CND expectation and Cindicator forecast.
What does the Cindicator price do?
CND has been around since 2015 and thus experienced the bull run in 2017. Just before that, they started an ICO. This ICO was held in October 2017. Back then you could buy 1 CND coin for 0.01 dollar. The CND price now has a value of $ 0.00063. An amount of $15 million was raised during this ICO.
On Coinmarketcap we see that the CND price shoots through the roof in January 2018. Like so many coins at the time, it experienced huge increases. Nice if you sold CND crypto at the time, but we also know that many people thought it was going to rise even more and therefore didn’t sell it.
Perhaps a missed opportunity because the price fell quickly. A year later, the value of Cindicator was no longer comparable to the highs in 2018. The CND price difference in the last 24 hours was: 0.02%.
For your own research it is useful to view more extensive graphs. Perhaps you can use this graph together with your own AI.
What is the Cindicator forecast for 2022 – 2027?
Let’s see how the analysts contribute to the system. Actually, the analysts are kind of a layer in the ecosystem. Cindicator calls them the ‘Collective Intelligence Platform’. To avoid subjectivity, this platform ensures that the predictions come from multiple expertises. With this they want to counteract groupthink.
As a result, a stock trader gets different questions than someone who focuses on the crypto market.
Questions that can be asked:
- Will Bitcoin’s price fall or rise 4% in 24 hours?
- Will Apple’s stock be above or below $140 in a month’s time?
As we said, a track record is maintained. Each month, analysts who have performed well are rewarded. After this month, the results will be reset to zero so that everyone starts at the same level again.
It is also interesting to keep Cindicator crypto in your wallet. The fact is that the more Cindicator coins you own, the more advantages you have on the platform. You can use certain analyses, indications and trading bots.
You do have to pay a fee to use the services that Cindicator offers. This is called a performance fee. This fee is proportional to the success of the analysis.
The data that Cindicator generates is also very valuable. Programs need information to make good decisions. The better the data, the better the program works. A lot of money can be paid for this. So in addition to Cindicator making analyses, they also create valuable data. A plus for the CND price prediction.
If you are thinking about investing in, for example, CND, historical data can be a good start for your research. You can also keep an eye on the trading volume. This can be a good indicator of the potential of the market. CND’s trading volume was in the last 24 hours $ 359.
Here you can see the historical Cindicator price.
Historical Price for Cindicator
What is the use of the CND coin?
There are several CND predictions available on the internet. In a volatile market, it is always a bit of a guess what the future will bring. Therefore, do your own research and think carefully about what you are going to do with your money.
The Cindicator coin can be a nice investment if you buy at a good time. At least they have a working product and they operate in a large market. However, this also means that they are not alone. Augur has a similar use case.
A possible price increase depends on several factors. An increase in analysts and an increase in Cindicator coin holders can cause the CND price to rise. But that means that a decrease in users can also bring the price down.
For the past seven days, the difference of the CND price has been: 1.83%. For the CND value in the future and the CND price forecast we looked up to 2028. This is what we found.
|Huidige supply||1,929,265,176 CND||Maximale supply||2,000,000,005 CND|
|% difference 24h||0.02%||% difference 7D||1.83%|
Where to buy Cindicator?
Buying CND comes with risks. The price can drop by tens of percentages within a day. Therefore, take a good look at the factors that can influence the CND price.
Scarcity can affect the Cindicator price. It may be that the maximum number of coins are already on the market. Once sold, no new ones are created and there may be a shortage. For CND there are currently 1,929,265,176 CND coins available with a total supply of 2,000,000,005 CND. Cindicator’s market cap is $ 1,216,166.
If you have thought carefully about buying CND, you can do this on several exchanges, including Binance. If you do not yet have an account on this exchange, you can create one via this link.
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