Unlike a few years ago, digital currency investors had many options for diversifying their assets. There are many altcoins on the market. However, not all of them are good opportunities for good returns. Some digital currencies are backed by innovative projects in Blockchain technology. In most cases, those coins have a good outlook. This is the case with the CIVIC token. Is this digital currency a good investment for the future? Find it in the Civic coin price prediction below, which we have prepared to help potential investors make better decisions.
What Is CIVIC (CVC) Coin?
Civic is a project that uses blockchain technology to solve a related problem: identity management. You know very well that every time you access an online service, self-identification is impractical. Civic’s goal is to eliminate this redundancy by storing verified identities in a blockchain. Due to the inherent security of a blockchain, it will be almost impossible to hack your digital identity.
With this solution, you can share your identifying information with civic partners. To do this, you must store your sensitive information on a mobile device. Through the Civic app, you allow your information to be used by trusted service providers. CIVIC (CVC) coins play an important role in this ecosystem. Allows payment of identity transactions between users and online service providers.
How Does Civic (CVC) Coin Differ from Other Cryptocurrencies?
Civic Coin (CVC) helps a project that solves a problem that is relevant to most Internet users. Unlike other cryptocurrencies, CVC has practical applications in a variety of situations. This solution simplifies the process of authenticating you with service providers. At the same time, it ensures that you maintain complete control over your sensitive information.
How to buy Civic Coin?
Buying a Civic coin is as easy as buying any other digital currency. To buy a Civic, choose the broker you want to buy from. Brokers are those who act as intermediaries in the cryptocurrency market to help with the buying and selling process. Some of the top brokers include eToro, Binance, Gemini, and Coinbase. Once you have a broker of your choice, sign up and verify your email, and create a purchase account.
Now that the broker has settled, you should have a wallet to store your purchases. Almost all brokers provide you with a wallet to store the coins you buy from, but it is advisable to have a separate wallet as they are very limited. Buy CVC either through limited order or market purchase. A limited order allows you to buy coins at the specific price you choose when the coin reaches the mark. In a market order, as long as the price is the same during the execution period, you can buy coins at the current market price.
Civic Coin Live Price
Before making any predictions, let’s take a look at the price performance of this coin over the years. The historical performance of the CVC price provides insight into its future price analysis. Launched in 2017, CVC has had a volatile value. The initial coin offering (ICO) was successful, raising $ 33 million in less than a month. Given that Civic used almost no marketing, this was a significant achievement.
The CVC was priced at $ 0.16 at launch. The price peaked on December 25, 2017, at $ 1.66. However, for more than two years (from August 2018), the value of CVC remained below its launch price. But in February 2021, the coin showed a sharp price rise, which revived investor interest.
Civic Coin Future Price
Based on historical price data and other current market factors of digital currencies, our experts have made the Civic coin price prediction. Some of the factors that determine the price growth of this digital currency are:
- The number of users who provide identity information. As mentioned, identity management is a common problem for most Internet users. To be successful, Civic must attract a large number of users who want to register and submit their sensitive information. However, Civic has competitors such as Selfkey and Decentralized ID, which offer similar services using Blockchain technology.
- The number of online service providers that accept valid identity information from users. This factor is as important as the previous factor for the success of the project.
- Reliable credentials that verify users’ identities. This factor will also determine the success of the project. To authenticate the identity information you provide, a validator must have access to your unencrypted data. There must be a guarantee that creditors will not disclose sensitive information. Validators are rewarded with CVC coins for their work. These awards should ensure that third parties outside the Civic ecosystem will not be able to persuade creditors to sell sensitive information.
These factors were also considered for the technical analysis that led to our Civic coin price prediction.
Civic Coin Price Prediction 2021-2030
Civic Coin Price Prediction 2021
For the rest of 2021, CVC will average $ 0.52 and may reach $ 0.54 as the highest spot. The price of CVC will not be less than $ 0.49 by the end of this year.
Civic Coin Price Prediction 2022
Our crypto forecast for 2022 is optimistic. We will probably see an average price of $ 0.73 this year. It may reach a maximum price of $ 0.86. Either way, the CVC will remain above the $ 0.71 line.
Civic Coin Price Prediction 2025
By early 2025, Kevin CVC is likely to establish itself as one of the leading digital currencies in identity management. Thus, the minimum price of CVC this year will be $ 2.05. On average, the coin will be priced at $ 2.11 in 2025. However, it may be priced at $ 2.52.
Civic Coin Price Prediction 2030
Predicting the price of a digital currency is challenging for such a long time. However, the CVC price uptrend is likely to continue at an average of $ 12.89 in 2030.
Why will Civic be growing in the future?
Every digital currency is based on the business model and its application. With the introduction of hundreds of Altcoins to exchange offices, the competition has entered a very difficult phase. Unlike the old coins, which performed well no matter what they offered to the community, the Civic Ecosystem (CVC) is designed to manage digital identities using Blockchain technology.
Several projects facilitate the supply chain industry, but CVC offers a cheaper and more secure solution to effectively identify individuals and organizations around the world. The current Know Your Customer (KYC) verification process is old and slow, and it takes weeks for the details provided by participants to be verified. This is a common way to ask if you are opening an account, applying for a new job, or registering with a website.
This ecosystem facilitates everything in which members only have to enter their information once and is checked in the blockchain. To make it user-friendly, it also offers a mobile app called Secure Identity App, in which users have to enter their identification details, which is secured through multi-factor authentication such as fingerprint scanning. Considering all these features, it looks like it is growing in the future.
How high can CVC price go?
The business model behind this coin is in high demand and efficient, which can be a fundamental reason for defining its future. All information entered by the user is secure and hackers cannot easily compromise accounts like other traditional platforms because the system does not store your personal information in the file. Instead, it keeps it on the user’s mobile that is biometrically secure. No transaction can be made without a thumb, voice, or face recognition.
Apart from all this, it is worth noting that no one in the industry can accurately predict the price of a digital currency, and the same is true of the Civic coin price prediction. But due to its dozens of unique features, it seems that its value will increase several times its current value in the future.
What could go wrong with Civic?
Validations that require personal identification information can pose a real threat to the security of confidential information because they have access to the data. Thousands of organizations are working on data to carry out their operations.
So if there are new rules that restrict the CVC ecosystem or any other investment in getting user data, it might be a problem. It should also be noted that validations should be well paid so as not to make an efficient system vulnerable to hacking and data theft.
Is there a chance that CVC will go broke?
No one can accurately predict what will happen to a digital coin the next moment. Civic prediction is just as difficult, and we do not make a definite claim as to whether this prediction will be broken or not. But given its features and the demanded business model, it seems that it will not disappear.
Those who bought the coins at this time were lucky because they now receive a return of more than 2300%. The Civic coin seems to be one of those that fluctuate sharply but gradually move in an upward direction.
Investing in Civic is not currently considered a bad move by many, but it still cannot be considered a complete financial recommendation, and people are expected to do their research with their limitations in mind to make wise choices.