CVC Price Prediction 2023-2032
- CVC Price Prediction 2023 – up to $0.16
- CVC Price Prediction 2026 – up to $0.47
- CVC Price Prediction 2029 – up to $1.51
- CVC Price Prediction 2032 – up to $4.67
Civic is a blockchain platform that helps individuals and business entities manage personal data properly. The Platform utilizes the powerful features of blockchain technology to control and manage personal information within its network to provide efficiency in identity verification processes.
The CVC token is a unique token that enables activities within the civic ecosystem. The token is used to settle all identity-related transactions within the ecosystem. Based on the price chart analysis, the CVC price prediction appears to be bullish over a long period.
Essentially, the CVC coin is used to settle transactions between Civic platform users and the service providers within the ecosystem. The continued use of the native digital token is expected to spark its growth as more users join the Civic community. The CVC price forecast is bullish based on the technical analysis conducted on its price and the anticipated success of the Civic ecosystem as adoption campaigns increase.
How much is CVC worth?
Today’s Civic price is $0.110123 with a 24-hour trading volume of $12,150,376. Civic is up 3.54% in the last 24 hours. The current CoinMarketCap ranking is #255, with a live market cap of $110,123,454. It has a circulating supply of 1,000,000,000 CVC coins and the max. supply is not available.
Also Read:
- Civic Technologies unveils an anti-bots tool on Solana network
- All you need to know about Soulbound Tokens (SBT)
- All you need to know about Soulbound Tokens (SBT)
- Explained: How are Soulbound Tokens different from NFTs?
What is Civic coin?
A Civic coin is a cryptocurrency that is the native digital token that settles transactions within the civic Platform. The transactions on the Platform are often interactions between the platform users and the service providers. Users pay for services using the CVC coin, and the demand continues to grow as the platform grows.
Continued use of the CVC token progressively increases the demand for the token and drives its value up. Despite the shaky market trends that have been driving token prices to lower lows, the CVC token’s long-term prediction remains optimistic. The token was launched in 2018, and since then, its price has performed fairly well in the turbulent crypto market.
Several crypto projects have failed since 2018, and the persistence of projects such as Civic demonstrates the project’s quality and the developers behind it. Ideally, for any crypto project to succeed, there must be a clear marketing strategy.
On the Civic Platform, users can earn CVC tokens by performing activities within the Platform. For instance, Civic platform users can recruit new users to earn more CVC crypto. Similarly, validators can earn CVC tokens by performing validations on documents and files from the service providers.
Civic developers met with Realms, a DAO governance platform on Solana. Together, they integrated the flagship product, Civic Pass, in order to introduce a veritable Swiss Army knife of tools to DAO admins and an enthusiastic hacker house. Civic Pass allows real-world constraints and permissioning to be added to a DAO’s membership, based on digital identity.
What do analysts expect for the CVC token?
The Civic token is currently undergoing a major price drop following the general bearish sentiment in the current crypto space. The CVC token has therefore broken into the bearish territory, and the prices are expected to continue dipping this year. However, analysts are optimistic about the future price of CVC, as the current situation is interpreted temporarily.
Strong industry influencers have backed the CVC platform, and the community is steadily growing. The token possesses all the qualities necessary to propel its price to achieve higher highs when the bullish market resumes. Currently, the price of the CVC tokens has recorded a 5.51% price decline within the last 24 hours, adhering to the engulfing bearish trend in the crypto market.
However, the price changes have begun to slow down, and its current price chart shows price consolidation around the $0.1 trading value. Analysts project that the price of the CVC coin is forming a strong support level around $0.1, and prices could rally higher in subsequent years.
Based on the analysis, it is clear that the CVC price forecast for subsequent years is bullish. The current stagnation can be viewed as a solid support level and price consolidation that is a fantastic recipe for a solid bullish momentum ahead.
Understanding the Civic Platform
The Civic Platform was founded in 2015 by renowned industry professionals. The civic Platform was developed to ease the process of identity verification within the blockchain ecosystem. Remember, blockchain technology was initially developed to support anonymity in transactions. However, the developments of Web 3 have necessitated the need to address identification crises often experienced within the space.
The Civic Platform’s unique selling point is to provide an easy process for users to identify themselves within these ecosystems to facilitate service provision. The Platform’s identification system is AI-powered and facilitates faster onboarding of clients within the environment. However, the goal isn’t to nullify blockchain features, but to enhance the process, by minimizing fraudulent cases or erroneous transitions within the network.
Possessing a mobile civic wallet allows users to store a bunch of other cryptocurrencies. The Platform has an app that acts as a digital wallet, among others. Users can hold common crypto coins such as BTC, ETH, and stablecoins like USDC. Health Key is one of the latest civic platform products that allows for verifying health records.
Who are the Civic founders?
The growing Civic blockchain project was founded by Jonathan Smith and Vinny Lingham. The two are proven professionals, as demonstrated by their backgrounds. Jonathan Smith is the CTO of Civic network with a solid background in banking and management positions. Vinny Lingham is an entrepreneur who has co-founded multiple start-ups. He has also been featured on the Shark-Tank TV show and invested in companies with backing from reputable companies like Google.
Where can you buy CVC tokens?
There are several crypto exchange platforms where CVC tokens can be traded. Currently, the CVC token can be traded on popular crypto exchanges such as Binance and Coinbase Pro. The Civic cryptocurrency can also be traded on Huobi Global, KuCoin, and FTX trading platforms.
The most common trading pair for the CVC token is the USDT stablecoin. However, there are other unique trading pairs on other platforms to increase the versatility of trades. Other common trading pairs for CVC include CVC/USDC, CVC/BUSD, and CVC/BTC.
Despite the prevalent bear market, the long-term Civic price forecast is bullish, and the token’s demand is expected to continue rising in subsequent years. The predictions indicate that the Civic token is an excellent long-term investment that could record a high return on investments for its holders.
Civic.me Identity Portal
Using a wallet as an identity is not a strong foundation for a functional Web3. The behavior doesn’t protect the user, and it doesn’t change the dynamics of the identity data economy. Civic.me uses DIDs, tokens, and Verifiable Credentials to create a platform that handles identity in a very smart way. Each component makes everything work together. Quipped the team, the tools for systemic change already exist, and if we use them, we can collectively stop using our public keys as identifiers.
Civic.me also gives you access to a bespoke token, called a Civic Pass. These are non-transferrable, “soulbound” tokens, which represent an aspect of your identity, and grant access to permissioned protocols, which have safeguards based on real-world identity properties. Examples of protocols that have implemented Civic Pass are:
- NFT projects minting with bot or Sybil resistance (Metaplex)
- DeFi Protocols protecting against activity from OFAC-sanctioned countries (Solrise DEX Pro)
- DAOs seeking to implement non-plutocratic voting. (Realms)
Civic Pass is an example of a “responsible” soulbound token because it’s based on a set of principles around privacy and decentralization. Crucial to this is the concept of verifiable credentials. Civic Pass can synthesize any combination of verifiable credentials for users of your dApp from DAOs to DEXs, Lending, NFTs, Launchpads, and more.
Civic CVC price history
Since the token launch, the CVC’s price has been relatively steady. The token recorded its all-time low price three years ago when it traded at $0.01081 in Mar 2020. The lowest price ever recorded for Civic was when the entire crypto market was experiencing massive price drops.
The Civic’s price gained momentum after its launch, and the token’s price peaked at $1.66 in 2017. Based on the current trading price of CVC, the token has lost nearly 92% of its value since its recorded its ATH price and gained 1054% from its all-time low price.
CVC Technical Analysis
Civic CVC price movement over the last 30 days reveals the cryptocurrency has been trading in a sideways price movement, forming higher highs of $0.1415 and lower lows of $0.08661. The current trading price is around the $0.1073 area near the 50-day simple moving average (SMA).
The price of CVC has been trading within a wide range from $0.1415 to $0.08661, indicating the presence of a symmetrical triangle pattern in the market. A break higher from this symmetrical triangle could lead to an upward rally and increased buying pressure for CVC tokens.
On March 3, the price of CVC fell sharply from a high of $0.1282 to a low of $0.10 following the Silicon Valley Bank’s contagion that brought the entire cryptocurrency industry down. However, the price of CVC stabilized at the $0.10 level and is gradually moving higher as seen earlier during the opening of this week’s trading session.
The technical analysis reveals the altcoin is targeting to retest the $0.1415 level but is being capped by the resistances at the $0.1350 and $0.1415 levels. As long as the price remains above these two resistance levels, an upward rally could be expected in the upcoming trading sessions.
The RSI has broken out of the oversold territory on March 8 and currently stands around 65, indicating bullish momentum in the market. The MACD has also just crossed above the signal line, indicating a potential bullish crossover in the technical analysis.
In conclusion, CVC is currently trading between the $0.1350 and $0.1415 levels and looks poised for further gains over the near term as long as it remains above these two resistance levels. The Fibonacci Retracement tool shows the next potential resistance level at $0.15, which could be tested in the coming days if bullish momentum persists. The bulls are defending the key support of $0.10, and any breach below this level could lead to further losses in the price of CVC.
CVC Price Predictions by Cryptopolitan
CVC Price Prediction 2023
Our Civic price prediction for 2023 suggests CVC will attain a minimum price of $0.13 with a maximum price of $0.16. In addition, the average trading price of the coin is $0.14.
CVC Price Prediction 2024
Our Civic price prediction for 2024 is a maximum price of $0.22 and an average trading price of $0.19.A minimum price forecast of $0.18 is expected by the end of the year.
CVC Price Prediction 2025
Our Civic price forecast for 2025 suggests that the coin will attain a maximum price of $0.33 and an average trading price of $0.28. A minimum forecasted value of $0.27 is expected in the course of the year.
CVC Price Prediction 2026
The Civic coin price prediction suggests Civic price increase will propel the price to a maximum price of $0.47. The Civic price might reach a minimum level of $0.39 with an average price of $0.40 throughout 2026.
CVC Price Prediction 2027
Our current Civic coin price prediction for 2027 suggests that the coin might reach a minimum price of $0.57 with an average trading price of $0.59 and a maximum forecasted value of $0.68.
CVC Price Prediction 2028
According to our Civic forecast, In 2028 the price of CVC coin is predicted to reach a minimum level of $0.85. The CVC price can reach a maximum level of $1.01 with an average forecast price of $0.88.
CVC Price Prediction 2029
According to our CVC price prediction for 2029, Civic coin might potentially attain a maximum price of $1.51, an average price of $1.29, with a minimum price of $0.1.26.
CVC Price Prediction 2030
Our CVC forecast for 2030 suggests that the price of the CVC coin might reach a maximum level of $2.12, with an average price of $1.86 and a minimum value of $1.79.
CVC Price Prediction 2031
Our Civic coin price prediction for 2031 is a maximum level of $2.76 and a minimum price forecast of $2.76. Civic’s price might reach $2.83 as the average forecast price.
CVC Price Prediction 2032
Our Civic CVC price prediction for 2032 suggests CVC coin will trade at a minimum price of $4.01 and an average trading value of $4.15. The CVC price is expected to trade at a maximum price of $4.67.
Civic Price Predictions by Wallet Investor
Wallet Investor is bearish on CVC’s future prices, with a prediction of 2023 up to 2026. The website suggests CVC could drop to as low as 0.0147 USD by March 2024, a decline of -85.656% from its current value. The website also predicts that CVC could reach around 0.0715 USD by the middle of 2026, representing an increase of over 600% from the current price.
Civic Price Prediction by Technewsleader
Technewleader is bullish on CVC’s future prices, suggesting a one-year price target of $0.18 and a five price target of $0.51. According to their analysis, CVC is benefitting from continued adoption in the digital identity space, as well as its current focus on helping cities become smarter with more efficient use of data and services. The platform’s prediction suggests by 2029 CVC might trade at a range of $1.03 to $1.21 per coin. They also note that due to the increased interest in decentralized digital identities, CVC is likely to trade at a maximum price of $2.24 in 2032.
CVC Price Predictions by Coincodex
Coincodex CVC price forecast suggests that the Civic price is up for a long-term increase in value. The CVC price is forecasted to reach $0.108664 by March 18th, 2023. This suggests a 5.58% upside from the current CVC price of $0.103125.
The data points and indicators used in our Civic price prediction include current sentiment, Fear & Greed Index, 12/30 (40%) green days, and 9.84% price volatility over the last 30 days.
According to the CVC tech sector growth prediction, the estimated CVC price would be between $0.341332 and $1.776256 by 2026, meaning the price of Civic is expected to rise by 1,876.87% in the best-case scenario.
Civic Price Prediction by Market Expert
The civic price trend in the recent market has been quite promising. Civic has been attracting the attention of many investors due to its potential for growth. Market experts have made their predictions about the price of Civic in the near future, according to a market expert AJ FIVE.
Civic cryptocurrency has the potential to pump up to $0.37 by the end of 2024 and is expected to reach the $1 mark in 2028. The market expert has also expressed confidence that Civic will become one of the top 25 cryptocurrencies based on its potential for growth. Furthermore, AJ FIVE believes that Civic will eventually be adopted widely as an alternative currency due to its user-friendly features, scalability, and security. The expert also thinks that Civic will be seen as a safe haven for investors in the future due to its blockchain technology.
To reach its full potential, Civic must be able to attract everyday internet users and inspire their confidence; it also has to outdo popular competitors like Decentralized ID or Selfkey. The number of ISPs who will accept verified customer information from the platform is essential for success as well as secure validators that can partner with Civic. All these factors will determine the future value of Civic and its potential for growth.
Conclusion
The CVC coin has gained popularity in the sector since the cryptocurrency employs blockchain technology in a pretty novel method to provide a safe and adaptable identification mechanism. The specialized currency protects the ecosystem from extraneous factors that could make other cryptocurrencies volatile thanks to its fundamentally different underlying technology.
Given the heightened security risks associated with IDV, having a specific and specialized token for accessing identity services also offers consumers stability.
Due to the fact that the majority of user data is kept in a centralized database, unencrypted personal information may be hacked or leaked. The ability to store and communicate information digitally can increase the danger of data breaches, which can have serious repercussions for both the people whose data is lost and for the companies that keep the data, and for the organizations who have to deal with the legal and reputational repercussions.
Because they provide the highest level of protection for consumers’ sensitive data, blockchain-powered cryptocurrencies help organizations tackle this security dilemma. This makes CVC particularly promising.
