Cindicator Prices Pop Another 12.7%, and Market Cap Climbs to $433 Million

Cindicator prices climbed 12.7%, and its market capitalization is now $433.8 million.

To try and uncover why everyone is so excited about the financial forecasting crypto coin, we dived into a Medium blog post the company released yesterday (Jan. 22, 2018).

Cindicator prices

During a trip to Australia and New Zealand, Cindicator's team made contact with 20 potential partners, explored a venue for a branch office, and established links within the Sydney crypto community.

As more news develops about Cindicator, we'll keep Money Morning readers up to date through our free Profit Alerts service.

In other crypto news today, the price of Bitcoin was recovering despite a warning about a "Bitcoin bubble" from Goldman Sachs Group (NYSE: GS).

In addition, Bitcoin traders were weighing new regulations in South Korea.

South Korea's Financial Services Commission issued a deadline for the end of anonymous cryptocurrency trading.

On Jan. 30, all cryptocurrency investors must use real names on their bank accounts to continue trading Bitcoin and altcoins. The so-called "Know Your Customer" compliance is the country's latest effort to reduce illicit activities like money laundering in the cryptocurrency space.

In addition, no one under the age of 19 will be allowed to buy or sell cryptocurrencies starting in February.

Below is a recap of the top cryptocurrency prices at 1:00 p.m. EST.

  • Bitcoin: $11,262.30, +5.17%
  • Ethereum: $1,009.12, +2.26%
  • Ripple: $1.32, +13.01%
  • Bitcoin Cash: $1,664.32, +4.07%
  • Cardano: $0.578, +4.59%

Now that we know all of today's price movements, here's what has been moving these cryptocurrencies...

Cryptocurrency Markets Today

On Tuesday, the market capitalization of the global cryptocurrency sector dipped to $542.22 billion

Bitcoin comprised 34.8% of the total crypto market.

Top performers out of the top 50 cryptocurrencies by market capitalization included PIVX (up 28.42%), Walton (up 20.92%), Ripple (up 13.01%), Ardor (up 5.08%), Populous (up 4.55), Stellar (up 3.33%), Waves (up 3.22%), Augur (up 2.90%), Siacoin (up 2.08%), and Lisk (up 1.71%).

The worst performers from the top 50 largest cryptocurrencies by market capitalization included Veritaseum (down -8.48%), VeChain (down -7.56%), KuCoin Shares (down -7.06%), Decred (down -6.85%), EOS (down -6.31%), RaiBlocks (down -6.10%), and ICON (down -5.41%).

Will Nasdaq Launch Bitcoin Futures?

All signs point to evidence that the Nasdaq is on the verge of launching its own Bitcoin futures.

In a conversation with CNBC, Nasdaq's Adena Friedman confirmed that the exchange has been watching the activities of CBOE and CME Group, which launched Bitcoin futures in December.

Must Read: Never Miss Our Cryptocurrency Updates

Though Nasdaq hasn't given a timeline on when it would launch these contracts, Friedman did state that they are looking to differentiate from current futures offerings in the space.

What the Heck Is Mincoin?

The top performer over the last 24 hours is a little-known cryptocurrency known as Mincoin.

The coin surged more than 248% to hit a market capitalization of $2.03 million.

Mincoin (short for Minimalist) is a peer-to-peer cryptocurrency that uses script as a proof-of-work algorithm.

To be honest, there isn't a clear reason why the cryptocurrency surged today.

Boss Baby DVD No Substitute for a Bitcoin Mining Rig

Today, Gizmodo reported that one unfortunate British man got the short end of the stick when he tried to purchase a Bitcoin mining rig for £3,000.

Instead, he received a DVD of the Oscar-nominated (you heard that right) animated movie "Boss Baby."

Ichim Bogdan Cezar told a newspaper that he and his friends had pooled their money to for the rig back in November.

A few weeks later, Inc. (Nadsaq: AMZN) had sent them the wrong package. After a series of debates with customer service, he finally received a refund this week.

Up Next: Never Miss a Cryptocurrency Opportunity Again

Did you know we have a free research service that finds the most profitable opportunities in cryptocurrencies today?

It gives you real-time recommendations and price updates on only the best ways to make money now.

Here's everything you need to know.

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About the Author

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

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