SAN CND ENG COFI > WHICH one WILL MOON first ?! $SAN Santiment $CDN Cindicator $ENG Enigma $COFI CoinFisteemCreated with Sketch.

in #san7 years ago


Santiment
Santiment completed their ICO in July, and in recent weeks have seen their market cap soar to over $300 million at the time of writing. Much like similar projects in the space, traders are starting to catch on that this is an area of crypto with a lot of room to grow.

Similar to Cindicator, Santiment focus on datafeeds, crowdsourced sentiment insights, and newswires.

Cindicator
Next up is Cindicator, who completed their ICO in September and have also seen some good momentum of late. Currently they have a market cap of $120 million.

Cindicator themselves have some overlap with Santiment, but also offer more signals.

The first thing Cindicator launched is a "Collective Intelligence" platform, where users can give their opinion on things such as price movement, future price predictions, and reap rewards for their accuracy. Users who have more historical accuracy will also have higher weighting given to their predictions, which then creates a robust crowd-sourced prediction platform. In other words, by aggregating the predictions of all those using the platform, Cindicator can create more accurate predictions for everyone to benefit from.

Those who are in the top ranks for predictions will be rewarded CND tokens for their efforts.

On top of that, Cindicator have also developed two main bots. The purpose of the bots is to give trading signals to those who have access. One example is an arbitrage signal, which notifies users when there are price discrepancies between exchanges, allowing for risk-free profits to be attained.

The downside is that access to these bots comes at a very high price, which makes it almost useless for the average trader to try to access.

Over time, Cindicator will roll out even more bots, but the question of whether or not they can benefit the masses still remains.

Enigma Catalyst
Enigma, another project that launched in September and has a very similar marketcap to Cindicator.

It's a little harder to explain exactly what Enigma Catalyst does, but essentially it focuses more on trading strategies and algorithms, as well as backtesting for both.

In their own words:

Powered by our cryptofinancial data marketplace, Catalyst empowers users to share and curate data and build profitable, data-driven investment strategies. You can also immediately execute your strategies on major exchanges using Catalyst’s live trading tools.

So essentially, Enigma Catalyst provides actual trading tools, compared to Cindicator and Santiment which focus more on signals.

It definitely has a lot of potential and a solid team behind it, but when clicking the "Try Catalyst" button on their homepage, the average trader will probably stop there. Catalyst currently is not user-friendly and requires a lot of knowledge of code.

CoinFi
CoinFi has been flying under the radar for a while in terms of hype around their ICO, but we've noticed a lot more people talking about it recently, particularly in telegram and discord groups.

It's one we're definitely planning to contribute to (we also participated in Enigma and Cindicator crowdsales).

We like it because they're aiming to tackle a lot more problems than the above mentioned companies, and will also be accessible to the every day trader.

Being billed as the Bloomberg terminal of crypto, Coinfi are planning to introduce trading signals, trading algorithms, crowdsourced analytics and insights, and peer reviewed content.

If you're reading this and thinking, isn't RedPulse supposed to be the Bloomberg of crypto? The answer is kind of, but RedPulse only focus on Chinese news, rather than the whole world. Redpulse also focuses mostly on stocks.

Essentially they'll be a mixture of SeekingAlpha, where experts can submit content and analyses on projects and be rewarded for its quality, and also a platform with various trading tools as mentioned above.

We first mentioned CoinFi in this article about arbitrage. While their arbitrage signal is something Cindicator are also offering, the CoinFi one will be much more accessible and will not cost an arm and a leg.

The way CoinFi works is as follows:

Users would stake COFI tokens in order to gain access to the platform
Certain elements of the platform will require premium access and auctions
COFI tokens will also be paid to content creators as a reward for their content's quality
As such, we can envision CoinFi becoming the go-to platform for cryptocurrency traders.

You'll be able to read quality content which is moderated and rewarded, so you won't have to rely on Reddit or Medium anymore.

You'll also be able to access the signals and tools that Cindicator and Santiment offer, but it won't cost you a huge amount of tokens to access.

We don't believe it matters that other projects have a head start, because CoinFi has enough of a unique offering to gain traction regardless.


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