We have another short-term cryptocurrency trading opportunity for you today. [Short-term trades are different from our core cryptocurrency holdings in a few ways: I expect them to have shorter hold times and there’s usually an imminent catalyst behind them that I think will drive them sharply higher in the short term. You can find our current short-term trades at the bottom of the Palm Beach Confidential portfolio page.] The company is called Cindicator (CND), and it’s creating a hybrid intelligence platform to predict market moves.
Wall Street spends big money for this kind of information. Last year, firms spent over $4 billion on predictive analytics. And it’s expected to triple over the next five years.
Predictions from a single individual are unreliable and inaccurate at best. But when you combine the independent predictions of thousands of individuals, the results are stunningly accurate.
The Cindicator platform brings together thousands of individuals (26,000 to date) to make predictions on events.
It then combines that information with artificial intelligence to create trading strategies and models to profit off the information.
Today, Cindicator focuses on traditional finance and cryptocurrencies. But its product can be expanded to other areas such a venture capital, corporate business decisions, science, and politics.
There’s a lot to like about Cindicator. Its platform is already up and running. In fact, you can download the app and check it out today.
The team is experienced and has been working together since 2015. They have notable advisors in Charlie Shrem and Anthony di Iorio.
And Cindicator has received $140,000 worth of grants for technologies from Microsoft, Facebook, and Amazon.
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