What is CIVIC (CVC)?
Civic is a startup whose team has developed tools for personal identification and personal data protection. The project was co-founded by the famous crypto enthusiast and businessman Vinnie Lingham.
The Civic team has addressed data protection issues and simplified the process of identifying users using blockchain. A decentralized approach to storing data made it possible to ensure the security of information and eliminate the risks of its substitution. According to the white paper of the project, Civic is focused on working with financial institutions.
In particular, the startup team created a digital identity platform. Within the framework of the system, a user can create their own digital identification blockchain card based on previously verified personal data.
With its help, you can safely confirm your identity through a QR code and not be afraid that the information will fall into the hands of fraudsters and/or will be altered in any way. All transactions between the user and the Civic platform are encrypted using the AES-256 standard.
Civic Coin is a native ERC-20 token for startup Civic. Cryptocurrency ticker – CVC. The tokens are required by Civic to conduct identity-related transactions within the project platform.
Historical Price Analysis of CIVIC (CVC)
The CVC cryptocurrency, like most coins, experienced growth in late 2017 – early 2018. It happened against the background of Bitcoin reaching its peak value, which the asset managed to update only in December 2020.
Unfortunately, Civic Coin was unable to repeat the positive dynamics of the past years. Unlike many tokens in demand on the market, CVC has not updated its price cap.
Civic Coin cryptocurrency chart (CVC). Source: CoinMarketCap
For comparison, in November 2017 CVC was in 54th place in the cryptocurrency capitalization rating of the CoinMarketCap resource. As of the end of July 2021, the token dropped to line 179, and today, on September 9, 2021, it is ranked 147. Also, during this time, the cryptocurrency has lost more than 2 times in price.
The price per piece of CVC during the ICO was $0.1000000. The maximum price recorded on December 25, 2017 was $1.66, and the token reached its minimum on March 13, 2020, when it was valued at just $0.01081.
As of this writing, the cryptocurrency is trading at $0.6092 with a market cap of $408,087,825.
Factors that influence the prices of CIVIC (CVC)
According to the basic rules of economics, the price of any asset is determined by supply and demand, and CVC is no exception. This dynamic can be affected by fundamental events such as Civiс Halvings. Regulations, adoption by governments and companies, cryptocurrency exchange hacks, and other real life events such as a pandemic or war can also affect the price of a CVC.
In addition, the future of the CVC crypto is largely dependent on the success of the startup. Often against the background of positive news of the project, the rate of its cryptocurrency goes up.
When trying to forecast Civic, many traders also try to track the activity of CVC whales, that is, the legal entities and individuals that control large volumes of CVC. Because the Civic’s market is relatively small compared to traditional markets, the whales alone can have a big impact on the Civic’s price movement. By the way, 33% of the circulating Civic Coin supply is in one wallet. This situation negatively affects the level of decentralization of the project (due to the high concentration of a large volume of coins in one pocket).
Short-Term CVC Price Prediction
By the end of September 2021, according to Digitalcoinprice.com, CVC will have managed to reach $0.9933914256.
Analysts at TradingBeasts expect Civic to reach $0.7609489 in the near future.
Analysts at thenewscrypto.com are convinced that if the bullish trend continues, CVC will hit $0.78.
CVC Price Prediction for the Next Three Months
October 2021: $0.9744747525
November 2021: $1
December 2021: $0.9651446706
Gov.capital (regular price)
October 2021: $0.495 – $0.5099
November 2021: $0.481 – $0.539
December 2021: $0.470 – $0.5018
October 2021: $0.6468066 – $0.9511862
November 2021: $0.6487486 – $0.9540420
December 2021: $0.6505455 – $0.9566846
CIVIC price prediction for 2021
The price prediction system for coinarbitragebot.com predicts that the Civic price could be $0.53565 at the end of 2021.
Digitalcoinprice.com expects CVC to rise to $0.8801555881 per token by the end of the year.
Pickacrypto.co believes that CVC has every chance to rise in price somewhere around $ 3-10 in the next few months.
Long-Term CIVIC Price Predictions
After 5 years, WalletInvestor expects the value of the token to rise to $2.108.
In the next decade, analysts at priceprediction.net expect the CVC token to grow to $7.84.
In 2028, a forecast from digitalcoinprice.com predicts that the token could grow to a maximum of $2.87.
CIVIC(CVC) price prediction 2022
According to coinarbitragebot.com calculations, at the end of 2022, the Civic price is expected to be around $0.95334.
Coindataflow.com predicts the minimum cost per token in 2022 can be $0.8 and the maximum $1.4.
According to WalletInvestor forecasts, the cost of CVC in 2022 will be $0.921 per token.
Digitalcoinprice.com predicts that Civic will cost $1.03.
Gov.capital assumes that by 2022 Civic will not have grown and will cost only $0.51621596673699.
CIVIC(CVC) price prediction 2025
According to priceprediction.net in 2025 CVC expects a maximum cost of $1.22 and a minimum expected cost of $0.98.
Coindataflow.com has calculated how much a CVC token might cost, assuming that its capitalization will behave like the capitalization of some technology niches or Internet companies. Thus, the minimum cost expected in 2025 will be $1.74 per token, and the maximum possible cost is $16.34.
In 2025, according to Digitalcoinprice.com, the minimum price that Civic expects is $1.45. There is also a possibility that it could grow to $2.
Gov.capital does not have high hopes for 2025, believing that the maximum that the CVC token can reach is $0.8809, and most often the coin will cost about $0.5 – $0.6.
Pickacrypto.co on the contrary has high hopes, expecting the Civic to be priced between $15 and $75.
How to Buy CIVIC (CVC)?
You can buy CVC on exchangers such as Binance, Bittrex, Coinbase or using service Changelly. For this you need to open an account, complete a signup and email verification processes. Then, get a reliable wallet for your CVC tokens and make your purchase. You can do it with your local currency or exchange a popular cryptocurrency like Ethereum for CVC.
What is the Future of CIVIC?
No one can predict the future of any cryptocurrency. So far, however, most experts have a positive outlook on the prospects for CVC. Although the token is unlikely to skyrocket, a long-term growth is projected. It is predicted that the return will be around + 447.48% after a 5-year investment.
Should I invest in CIVIC (CVC)?
According to most forecasts and token’s historical data, it is currently profitable to invest in Civic. The price of Civic increased by 1,916.10% in the last 1 year, while the coin’s 3-year performance is 439.76%. However, investing in any cryptocurrency always carries a high risk of losing your money.
Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.