For our Cindicator price prediction, we will be looking at the past price trends and market opinions of the CND coin and estimate what value it will have in December 2019.
Cindicator Overview
Cindicator is a platform that uses machine learning and market analysis to allow users to manage and analyze financial assets. Cindicator’s Hybrid Intelligence merges artificial intelligence with the opinions of human analysts “for the efficient management of investors’ capital in traditional financial and cryptomarkets.”
The platform claims to employ 50,000 financial analysts that are knowledgeable in currency, stock, and cryptocurrency markets. Through the platform, these analysts are asked questions and provide answers, which are then weighted and evaluated through their AI.
Based on their answers, the AI then formulates market analysis that Cindicator users can then profit from through a variety of trading tools.
The project launched its ICO in September 2017, in which US investors were banned from participating, but its app has been available since 2015.
Currently, Cindicator’s model is mostly applied to market trends and predictions, but the project has also stated that its technology can be applied to scientific analytics, corporate and business solutions, as well as political event predictions.
Cindicator token holders are able to access their market predictions and use them accordingly in their own trading strategies. CND is based on the Ethereum token protocol ERC20, like most tokens launched in ICO projects.
When the coin first launched in September, it did not have such a noteworthy price, fluctuating between $0.01-$0.02 for most of the last quarter of 2017. Like the rest of the altcoin market, its price plummeted in January, when the prices started correcting after the massive crypto boom, dropping to $0.05 from an all-time high of $0.20 on January 7th.
Cindicator Price Prediction: Analysis
The coin started November at $0.008007 and experienced some minor fluctuations between $0.007 and $0.008 throughout the following days.
On November 5th, CND testes $0.009 resistance levels but fell back to $0.008 and continued declining up until November 12th where it traded at $0.0074.
Source: Coinmarketcap
Once again, Cindicator fluctuated between $0.007 and $0.008 levels and managed to test the $0.009 resistance level on November 19th. The coin reached that day a price of $0.0092 and closed at $0.008530.
On November 21st, CND went below the $0.007 support level, but only for a brief period, as it bounced back to $0.007411 towards the end of the day.
The following days, CND fell from its previous $0.008 support levels and traded at new support levels of $0.006 and $0.007. CND tested the $0.008 resistance level on November 25th, peaking at $0.008745, closing at $0.007563. The coin then experienced signs of a recovery, as it was slowly stabilizing itself between the upper part of $0.007 and testing more frequently $0.008 values.
Today, November 29th, CND opened at $0.008 and is now trading at $0.008695. The token is currently ranked 177th, with a market cap of $15,812,428.
The current pivot, resistance, and support levels are calculated at:
- Resistance Level (R3): 0.010041
- Resistance Level (R2): 0.00940
- Resistance Level (R1): 0.00872
- Pivot Point: 0.008083
- Support Level (S1): 0.00741
- Support Level (S2): 0.00677
- Support Level (S3): 0.006093
Source: WalletInvestor
Developments
The Cindicator blog shows that the team posts regularly, most of the articles being about marketing and promotion events.
The most relevant post about the direction of the project’s development was made on November 12th, in which the CEO revealed that there will be a big announcement made on December 11th, which will have “exciting implications for every element of the CND ecosystem. “
Mike Brusov, Co-founder & CEO at Cindicator, stated:
“We’ve been working on this for over two years. Ever since thousands of people supported us during the token sale, our team has been steadily moving towards the ambitious vision described in the white paper. And I’m excited that our decentralised team is bigger than ever and continues to grow as more people join the Cindicator platform as analysts or hold CND to use Hybrid Intelligence indicators via Edge. Let’s prepare to celebrate the new beginning on 11 December.”
Yuri Lobyntsev, Co-founder & CTO at Cindicator, also commented:
“Over the years we have built a unique technological and social structure that combines different types of intelligence in a single system. In addition to our focus on the effectiveness and performance of Hybrid Intelligence indicators, we have put a lot of effort into ensuring that the ecosystem is anti-fragile. The next evolutionary enhancement will further strengthen the links between all parts of Cindicator.”
The coin is supported on major exchanges Binance, Bitfinex, HitBTC, and Bittrex, as well as on three other minor exchanges. Their Github page shows only one repository, and no people working on the project.
Cindicator Price Prediction: Market Opinion for December 2019
As several websites have made their own Cindicator price prediction for December, we decided to include some of them to get a better sense of the market’s opinion.
WalletInvestor
WalletInvestor made forecasts for every day of the month of December, with their respective average, min, and max prices.
Date Average Minimum Maximum
- 2019-12-01 $0.00882 $0.00448 $0.0429
- 2019-12-02 $0.00766 $0.00448 $0.0410
- 2019-12-03 $0.00668 $0.00448 $0.04014
- 2019-12-04 $0.00684 $0.00448 $0.0393
- 2019-12-05 $0.00728 $0.00448 $0.0415
- 2019-12-06 $0.00862 $0.00448 $0.0416
- 2019-12-07 $0.010056 $0.00448 $0.0419
- 2019-12-08 $0.00992 $0.00448 $0.0423
- 2019-12-09 $0.00950 $0.00448 $0.0398
- 2019-12-10 $0.00924 $0.00448 $0.0425
- 2019-12-11 $0.01012 $0.00448 $0.0443
- 2019-12-12 $0.0113 $0.00448 $0.0463
- 2019-12-13 $0.0133 $0.00448 $0.0464
- 2019-12-14 $0.0155 $0.00448 $0.0493
- 2019-12-15 $0.0161 $0.00448 $0.0485
- 2019-12-16 $0.0164 $0.00448 $0.0520
- 2019-12-17 $0.0169 $0.00448 $0.0517
- 2019-12-18 $0.0186 $0.00448 $0.0521
- 2019-12-19 $0.02055 $0.00448 $0.0552
- 2019-12-20 $0.0234 $0.00448 $0.0595
- 2019-12-21 $0.0264 $0.00448 $0.0636
- 2019-12-22 $0.0279 $0.00448 $0.0617
- 2019-12-23 $0.0291 $0.00448 $0.06064
- 2019-12-24 $0.03053 $0.00448 $0.0660
- 2019-12-25 $0.0331 $0.00448 $0.0653
- 2019-12-26 $0.0360 $0.00448 $0.07055
- 2019-12-27 $0.0398 $0.00516 $0.0751
- 2019-12-28 $0.0438 $0.00828 $0.0760
- 2019-12-29 $0.0461 $0.0135 $0.0787
- 2019-12-30 $0.0482 $0.0170 $0.0818
- 2019-12-31 $0.05053 $0.0156 $0.0832
Cryptoground
Cryptoground predicted that in one week, Cindicator will be priced at $0.0076, with a depreciation of -58.89%, and that in one month the coin will have a price of $0.0078, with a change of -57.92%.
TradingBeasts
TradingBeasts’ Cindicator price prediction for the start of December sees CND at $0.0101129. The site expects that the coin will reach a maximum price of $0.0131054, and a minimum of $0.0089117. They forecasted that CND will close the month at $0.0104843.
Bitverzo
Bitverzo also provided CND forecasts for every day of December, with the average, minimum, and maximum of each day.
Date Average Minimum Maximum
- December 1, 2019 $0.002281 -$0.003243 $0.007915
- December 2, 2019 $0.002187 -$0.002922 $0.007734
- December 3, 2019 $0.001746 -$0.003691 $0.007283
- December 4, 2019 $0.001617 -$0.003113 $0.007034
- December 5, 2019 $0.001862 -$0.003367 $0.007647
- December 6, 2019 $0.002041 -$0.003122 $0.007382
- December 7, 2019 $0.002422 -$0.002405 $0.007776
- December 8, 2019 $0.002188 -$0.002564 $0.007583
- December 9, 2019 $0.002095 -$0.002585 $0.007665
- December 10, 2019 $0.001654 -$0.003590 $0.007122
- December 11, 2019 $0.001526 -$0.003362 $0.007265
- December 12, 2019 $0.001771 -$0.003956 $0.007476
- December 13, 2019 $0.001951 -$0.003252 $0.007654
- December 14, 2019 $0.002333 -$0.003106 $0.008026
- December 15, 2019 $0.002099 -$0.003011 $0.007513
- December 16, 2019 $0.002006 -$0.003317 $0.007872
- December 17, 2019 $0.001566 -$0.003590 $0.006805
- December 18, 2019 $0.001439 -$0.003610 $0.006894
- December 19, 2019 $0.001684 -$0.003511 $0.007092
- December 20, 2019 $0.001865 -$0.003644 $0.006935
- December 21, 2019 $0.002247 -$0.002894 $0.007691
- December 22, 2019 $0.002014 -$0.003185 $0.007808
- December 23, 2019 $0.001922 -$0.003232 $0.007251
- December 24, 2019 $0.001482 -$0.003600 $0.006849
- December 25, 2019 $0.001355 -$0.003594 $0.007134
- December 26, 2019 $0.001601 -$0.004168 $0.007069
- December 27, 2019 $0.001783 -$0.003091 $0.007360
- December 28, 2019 $0.002165 -$0.003110 $0.007623
- December 29, 2019 $0.001933 -$0.003525 $0.007179
- December 30, 2019 $0.001841 -$0.003554 $0.007265
- December 31, 2019 $0.001402 -$0.004047 $0.006745
DigitalCoinPrice
DigitalCoinPrice predicted that in December, CND will have a price of $0.01378676, with a change of 66.27%.
Cindicator Price Prediction: Verdict
We hope that the information we provided will help you formulate your own Cindicator price prediction. From what we observed, there hasn’t been much going on to suggest that the coin will make a spectacular return to higher values. The best outcome would be if the coin manages to maintain its current values.
Featured image: cryptotapas.com
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