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Civic (CVC) Analysis

Market Cap

$382,325,290 USD

Volume (24h)

$89,161,833 USD

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4.6
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Civic Markets Rank: 12/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Civic Volume Ratio Rank: 23/100

  • Market Cap

    The total cost of all coins available.

    Civic Market Cap Rank: 98/100

  • 24h Change

    Is the price moving up or down?

    Civic 24h Change Rank: 48/100

  • Social Following

    How many users are following this coin?

    Civic Social Following Rank: 98/100

  • Google Trends

    How many users are searching for the coin?

    Civic Google Trends Rank: 25/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Civic Twitter Citation Rank: 51/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Civic User Voting Rank: 99/100

Civic investment analysis

In a world where identity means something to someone or an enterprise and the digital age threatens the integrity and security of these personal data, Civic platform presents an opportunity for individuals to leverage blockchain advantages to protect their identities and simultaneously create a decentralized marketplace for identity verification systems.

Civic investment is one of the rare blockchain products out there where investors can stake their money in solutions that are tackling real-life problems. The problem of identity fraud has been a menace for decades even before the digital age and has only been amplified by digitization of individual and corporate data in a sharing digital economy.

The solutions being proffered by the platform uses information from unique providers such as banks and utility companies to verify and log identities on the blockchain to mitigate against alterations and also keep a tracking record for real-time updates.

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Civic investment price
$0.570635
Civic expected 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.

+36.2%
Civic 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.

$0.777253
Civic Rating

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

98/4324
by Safety
2865/4324
by Profit
historical data

How to buy Civic?

With over 35 markets available for the trading of Civic tokens on about 18 exchanges, we can consider the cryptocurrency a popular one. These markets accept trades with BTC, ETH, USDT, and USD, and you would have to create an account with any of the exchanges where the asset is listed before you can trade.

You can buy CVC token by first purchasing any of the pairs with your credit card on exchanges that accept USD deposits, or if you already have BTC or any of the alts, you can simply transfer it to the exchange and begin the trade.

For storage purposes, it would be prudent to store your tokens off the exchange market and unto a wallet where you control the private keys like myetherwallet which is one of the most popular online wallets for storing Ethereum based asset. More so, hardware wallets like Trezor can also be used to store CVC tokens.

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Is it safe to invest in CVC now?

The market potential for these verification systems is huge and promises to grow in the coming years, as the demand for credible validators of these identities will carve out an ecosystem that is well incentivized to protect personal identities across the globe.

One of the advantages this project has which serves as an indicator to why it might become of value to the global economy is the property to create real-time data call-up when background or identity checks and verifications need to be done.

In the conventional system, whenever background checks need to be done or updated, oftentimes, it is done from the scratch – from the ground up, which incurs the cost and consumes a huge amount of time especially in cases where identity breaches have occurred.

Now, this platform simplifies the whole process and because blockchain is immutable and through smart contracts, updatable and trusted data references can be provided. More so, the effective model of this platform takes on some other basic properties of blockchain enterprises which include pseudonymity and low operation cost (transaction fees).

The most important aspect of this project is the viable use cases where this technology could be applied, which includes medical, insurance, law enforcement, and financial asset management. Each of these industries needs valid identity datasets which if well synchronized across the multiple networks can become a huge marketplace for data exchange.

More so, they already have a proof of concept called the SIP, a Secure Identity Platform, which uses complex algorithmic hashing and biometric data to form encryption values and privacy features.

Considering the economic growth of the platform so far, and observing the price dynamics of CVC tokens since it began trading on exchanges in mid-2017, the trading activities have been productive and helped the platform grow exponentially.

Although, the market was at a dip for a while which was due to general cryptocurrency problems and was recovering at the time of writing. Investors took the opportunity of the current low prices to invest in CVC tokens in order not to miss the future prospects of the coin and avoid buying at a higher price out of FOMO in the future.

On a final note, other properties of the decentralized network are well documented in their whitepaper and should serve as a good place to start for investors to do their due diligence before investing in civic tokens. However, do not take this material alone as investment advice, as there are many other speculative functions to the development of the coin, which could be positive towards the project.

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Melissa 5/25/2018

This one brought the trustless feature of the blockchain tech so close to home. People can now have their biodata protected online, using the blockchain tech. Regarding blockchain services that will be easily adapted, I think projects like this will get easily adapted, even though it might not look complex. However, for investment decisions, I think this isn't so great a reason to be the deciding factor in making investment decisions. Instead, other factors ought to be considered in making such decisions.