Civic has been a controversial coin since its inception, as the project has been plagued by issues that have been dubbed as security issues, from key escrow to code from which the token is said to be derived from, as well as other concerns. However, as the coin has been criticized as a useless project, critics have started to realize its potential as an investment opportunity. The price of Civic has been low since its launch, and has even been called a “scam” by some. The launch of the CVC2.0 contract was a momentous occasion for the coin, as a team of developers has been working on a solution to the issues surrounding the CVC2.0 contract that have been plaguing Civic since it launched,
Civic is a blockchain based company that’s aiming to provide blockchain based identity verification services. The company plans to facilitate the creation of two-factor identity verification on the blockchain, which they hope will facilitate verification of identities on decentralized applications (dApps) such as traditional ID Verification.
Civic is one of the most promising cryptocurrency projects in the market, and it is currently trading at a very attractive price. It has a major token sale coming up soon, and it could be the next big thing in blockchain. However, Civic isn’t the only token to watch this year. There are other projects that are definitely worth investing in, and this article provides a detailed analysis of Civic’s future price.
- The range of bullish CVC price predictions is $0.37 to $0.73.
- CVC prices may potentially hit $0.78 in the near future.
- For 2021, the CVC pessimistic market price forecast is $0.03.
We utilize data, price trends, RSI, and other information about CVC to evaluate the cryptocurrency’s future movement in Civic (CVC) price forecast 2021.
Civic is a blockchain-based identity management system that gives people and businesses the tools they need to manage and secure their personal information. It seeks to revolutionize the way we think about identity verification by providing users greater control over their personal data and allowing them to access a broad variety of services without having to disclose excessive personal data.
Civic’s Current Market Situation (CVC)
At the time of writing, the Civic price was $0.336 with a 24-hour trading volume of $39,783,890, according to CoinGecko. CVC, on the other hand, has dropped by 1.9 percent in the past 24 hours.
CVC also has a 670,000,000 COVER circulation supply. Civic now trades on Binance, OKEx, Huobi Global, Upbit, and ZT, among other cryptocurrency exchanges.
Price Forecast for Civic (CVC) in 2021
On CoinGecko, Civic (CVC) is now ranked 239th. The price of CVC in 2021 is forecasted using a weekly time period, as shown below.
Triangle CVC/USDT Pattern (Source: TradingView)
A downward diagonal rising trend line and an upward diagonal downward trend line form a triangular pattern. When a price rises, it will almost certainly break through the upper trend line, and in an uptrend, the price will rise or fall. A break of a lower trend line leads to a price decrease and a downward trend.
CVC is now trading at $0.31. If the positive trend continues, CVC will follow the pattern of the upswing, with the price of CVC reaching $0.78. In comparison, if the trend continues, CVC’s price may decrease to $0.14.
Levels of Civic (CVC) Support and Resistance
The chart below depicts CVC’s support and resistance levels.
Support and Resistance Levels for CVC/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for CVC are as follows.
- $0.37 is the first level of resistance.
- $0.73 is the second level of resistance.
- Level 1 Support – $0.16
- Level 2 Support – $0.07
- Level 3 Support – $0.03
Civic’s bullish performance during the preceding month is shown in the graph. This trend, however, will shortly hit a resistance level of $0.73. Furthermore, if the trend is reversed, the CVC may fall below $0.03, signaling a negative indicator.
Average Directional Index of Civic (CVC) (ADX)
Let’s have a look at the Average Directional Index of CVC (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of CVC is shown in the graph above. Civic is now trading around the 27.7 area, indicating a strong trend. This indicates that the ADX price may become bullish in the future.
Conclusion
Civic is a cryptocurrency that is ideal for long-term investment. Furthermore, the CVC price forecast is positive in the near future. By the end of the year, it has a strong probability of hitting $1.35. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the Civic ecosystem, CVC’s performance is expected to increase to $0.37 in the near future. However, if investors think CVC is a solid investment in 2021, it may reach $0.78.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Civic is a “blockchain-based identity and reputation system” that is the brainchild of Vinny Lingham and Vinny Lingham is a serial entrepreneur and the founder of Gyft and Civic. With the aim to provide a seamless way for people to connect their identities to the digital world, Civic is a new type of identity system that is more secure and privacy-preserving than current systems. It’s a blockchain-based, decentralized system that allows users to create, view, and manage their own digital identity files. These files can hold everything from a name and a photo to a personal background details and a bank account.. Read more about cvc price prediction and let us know what you think.
Loopring is a decentralized exchange that allows users to trade cryptocurrencies without the need for an intermediary. It has been gaining traction in recent months, and its value has increased significantly. If you are looking to invest in cryptocurrency, it may be worth your time to take a look at Loopring."}},{"@type":"Question","name":"How high is CVC Civic?","acceptedAnswer":{"@type":"Answer","text":"
CVC is a letter in the Latin alphabet. It stands for Consonant-Vowel-Consonant. The sound it makes is more like the English kuh than the English caw."}},{"@type":"Question","name":"What will dash be worth in 2021?","acceptedAnswer":{"@type":"Answer","text":"
I am a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer."}}]}
Frequently Asked Questions
Is Loopring a good investment 2021?
Loopring is a decentralized exchange that allows users to trade cryptocurrencies without the need for an intermediary. It has been gaining traction in recent months, and its value has increased significantly. If you are looking to invest in cryptocurrency, it may be worth your time to take a look at Loopring.
How high is CVC Civic?
CVC is a letter in the Latin alphabet. It stands for Consonant-Vowel-Consonant. The sound it makes is more like the English kuh than the English caw.
What will dash be worth in 2021?
I am a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer.
Related Tags
- civic coin price prediction 2025
- civic coin price prediction 2021
- civic coin price prediction reddit
- is civic coin a good investment
- district0x price prediction