Welcome to the weekly Coin Space News Altcoin Update! These updates are released every Friday. Please comment below about which coins you would like to see featured and let me know your top picks for 2018. Today we look at Po.et, Cindicator and Siacoin.

Po.et Token

Po.et token has gained some attention recently in that it has risen over 30% in value this week despite the BTC pullback. Po.et is a newer coin which had their ICO back in August 2017. Po.et is unique in that it is not designed to be a financial application of the blockchain. Po.et is aimed at solving a problem of verifying ownership of digital content. Following is an exert from the official Po.et Token website: “Po.et is a shared open universal ledger designed to record metadata and ownership information for digital creative assets. Po.et is a continuation of Proof of Existence, the first non-financial application of the blockchain. By creating an open platform on the Bitcoin blockchain, Po.et aims to create the most institutional, globally-verifiable record of digital media assets. This record will be a framework for building smart, interoperable media applications using a shared, standard, and extensible metadata format.” Po.et is in the process of working on an app called Frost which is rumored to be connected with WordPress. If Po.et is able to integrate their token into being used as a proof of ownership through WordPress, then this coin could really take off. POE is currently valued at $.12 and traded on Binance.com.

Cindicator Coin

Cindicator is a project that uses crowd intelligence and AI to predict outcomes of financial markets. This company already has a working app which is available for iOS and Android users. I’ve downloaded the app myself and it works great. In the app users can make their own predictions as to what they think different financial markets will do. You can choose to make predictions in traditional financial markets or cryptocurrencies. If your predictions are accurate you can win a prize paid in BTC at the end of each month. CND tokens can be used to pay for analytic data. Following is an exert from the official Cindicator website: “Cindicator is a decentralized, community-driven infrastructure that harnesses the value of collective+artificial intelligence. Hybrid Intelligence is a technological symbiosis of Man and Machines. This synergy enables Cindicator to make more precise decisions in a world of growing uncertainty, benefiting our individual members and the community as a whole.” The coin has risen in price over 130% this week. It is currently valued at $.21 and is traded on Binance.com.

Siacoin

Siacoin is the cryptocurrency of the company Sia. Sia is integrating decentralized cloud storage. In these days data storage can be hard to come by and many people have signed up with companies like Amazon Drive for their data storage needs. Sia offers a decentralized version of cloud storage. Users can rent hard drive space from other users. If you have extra hard drive space and you decide to be a host, you will get paid in Siacoin. Following is an exert from the official Sia website on how this works: “Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.” I am currently in the process of getting signed up to be a host and will let you all know how the process goes. SC is currently at $.05 and is traded on Bittrex.com.

You can view previous Altcoin Updates here.

Disclaimer: I am not a financial adviser. There is a lot of risk involved when investing in cryptocurrencies. Please do your own research.