CIVIC Coin Price Prediction

Unlike a few years ago, cryptocurrency investors have many options to diversify their assets. There are many altcoins in the market. However, not all of them are good opportunities to get good returns. Some cryptocurrencies are backed by innovative projects in blockchain technology. In most cases, those coins have good prospects. That’s the case with the CIVIC token. Is this cryptocurrency a good investment for the future? Find it out in our following CIVIC coin price prediction, which we have prepared to help potential investors make better decisions.

What Is Civic (CVC) Coin?

Civic is a project that leverages blockchain technology to solve a relevant problem: identity management. You know well that it is impractical to identify yourself each time you access an online service. Civic aims at eliminating this redundancy by storing verified identities on a blockchain. Because of 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. For this sake, you have to store your sensitive information on a mobile device. Through the Civic app, you authorize the usage of your information by service providers you trust. The CIVIC (CVC) coin plays a crucial role in this ecosystem. It allows the payment of identity-related transactions between users and online service providers.

How Does Civic (CVC) Coin Differ from Other Cryptocurrencies?

The Civic (CVC) coin fuels a project that addresses a problem relevant to most Internet users. Unlike other cryptocurrencies, CVC has practical use in various situations. This solution eases the process of verifying your identity with service providers. At the same time, it ensures you retain total control over your sensitive information.

Civic Coin Live Price

Before doing any forecast, let’s review the price performance of this coin over the years. The historical price performance of CVC will provide some insight for the analysis of its future price. Launched in 2017, CVC has had an unstable value. Its initial coin offering (ICO) was a success, raising $33 million in less than a month. It was a remarkable achievement considering that Civic used almost no marketing.

The CVC price at the time of launch was $0.16. It reached its all-time high on December 25, 2017, at $1.66. However, for more than two years (from August 2018), the CVC value remained below its launch price. But in February 2021, this coin showed a steep price hike that revived the interest of investors. During 2022, the CVC price progressively decreased. As of January 7, 2023, CVC sells at $0.078 per coin.

Source: CoinMarketCap.com

Civic Coin Future Price

Based on the historical price data and other factors of the current crypto market, our experts have worked out a Civic price prediction. Some of the factors that will determine the price growth of this cryptocurrency are:

  • The number of users that will provide the identity information. As mentioned, identity management is a common problem for most Internet users. To succeed, Civic should attract a large number of users willing to sign up and provide their sensitive information. However, Civic has competitors like Selfkey and Decentralized ID, which offer similar services using blockchain technology also.
  • The number of online service providers that will accept validated identity information from users. This factor is as important as the previous one for the success of the project.
  • Reliable validators that validate the identity information from users. This factor will also determine the success of the project. To authenticate the identity information that you provide, a validator should access your unencrypted data. There must be a guarantee that validators won’t leak sensitive information. Validators are rewarded with CVC coins for their job. These rewards must ensure that third parties outside the Civic ecosystem won’t be able to convince validators to sell sensitive information.

These factors were also taken into account for the technical analysis that led to our CVC price prediction.

Civic Price Prediction 2023

The CVC price will increase in 2023. It will be a moderate increase though. The average price throughout this year is expected to be $0.11, possibly climbing to a maximum of $0.13.

Civic Price Prediction 2025

By the beginning of 2025, the CVC coin will likely consolidate itself as one of the leading cryptocurrencies associated with identity management. As such, the minimum CVC price will be $0.22 that year. On average, this coin will have a price of $0.23 throughout 2025. However, it may reach a price as high as $ 0.26.

Civic Price Prediction 2030

Predicting the price of a cryptocurrency for such a long term is challenging. However, the upward trend of the CVC price will likely continue to reach an average of $1.54 throughout 2030. We can expect minimum and maximum values of $1.49 and $1.71, respectively.

How to Obtain CIVIC (CVC)?

There are various ways to obtain CVC coins:

  • Users of the Civic platform can earn CVC coins by performing different tasks like referring new users. You can also obtain CVC coins by signing up for an online service through the Civic platform.
  • Validators get CVC coins as payment for authenticating the identity information provided by the users of the Civic platform.
  • Anyone interested in holding CVC coins can obtain them through a cryptocurrency exchange. For example, you can buy CVC and other 280+ digital coins on LetsExchange.io, a reliable and easy-to-use instant exchange.

Conclusion: Is Civic Cryptocurrency a Good Investment?

From our price forecast, we can conclude that investing in the CIVIC (CVC) coin can bring good returns in the long run. The project behind this cryptocurrency addresses a timely and relevant problem for Internet users. The Civic solution is simple, ingenious, and effective. The said solution suffers from a security weakness that developers will have to solve as soon as possible. However, this project and its native token have everything to grow tremendously.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.


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