carVertical (CV)

Market Cap

$4,643,761 USD

Volume (24h)

$57,931 USD

3.6
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    carVertical Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    carVertical Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    carVertical Market Cap Rank: 77/100

  • 24h Change

    Is the price moving up or down?

    carVertical 24h Change Rank: 54/100

  • Social Following

    How many users are following this coin?

    carVertical Social Following Rank: 90/100

  • Google Trends

    How many users are searching for the coin?

    carVertical Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    carVertical Twitter Citation Rank: 22/100

  • User Voting

    How popular is this coin among Cointobuy community?

    carVertical User Voting Rank: 85/100

carVertical investment analysis

The amount of vehicle fraud going on in the world may shock you, and while many consumers feel that current protections are adequate to stop them from becoming a victim, that may not be entirely true. For example, many auto reports stop at the local level. Many used vehicles are actually sent overseas for purchase, and their data does not go with them.

This leaves open the possibility that you are purchasing a vehicle that is significantly different than what you agreed to purchase, and it may even be stolen. To that end, this startup is putting all vehicle data on the blockchain. Users will be able to utilize this service to check whether or not the seller of their vehicle is being honest, and it will even aggregate data from overseas in the immutable ledger, so you can be certain it hasn't been tampered with.

As a product, this could make this service more valuable than existing ones and even more efficient. However, as an investment, it could be lackluster. While your carVertical investment could seem like a home run, the fact is that there's little reason for consumers to use the token at all. In fact, the company even states that all services will be available for purchase in fiat currencies, so what then is the purpose of the token?

It has no real utility, and that could leave many investors happy for the platform's success, but very disappointed in their returns. There's actually conflicting information in their own copy even, wherein one place they say that the token will be the only way to purchase services, but then say in other areas where fiat will be an option.

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current price
$0.000803
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+860%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.007707
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

200/878
by Safety
17/878
by Profit
historical data

How to buy carVertical?

The number of exchanges where you can buy carVertical is tiny, and while the trading volume is substantial, it's also worrying. Having a small number of exchange listings can be very dangerous to an asset. While normally this is really only a concern for low volume listings who have a chance of being delisted, it's not outside the realm of possibility even for larger exchanges to shut down or boot a coin or token. Fortunately though, it looks like CV has enough volume where it won't be an issue. Investors will be able to use either Bitcoin or Ethereum in order to make their trade.

This is an Ethereum based token, otherwise known as an ERC20. Most investors are familiar with these, and due to their uniform storage requirements, it makes them a very convenient way to invest in multiple projects while only needing to use one cryptocurrency wallet. Some popular choices for this include Meta Mask, My Ether Wallet, Coinomi, and Jaxx depending on what type of wallet you want to use. Any of these would make solid choices.