Civic has been showing some nearly astonishing results within its trading volume during the last couple of days, so we can’t miss on coming to the bottom of the story behind this benevolent occasion. As crowdsales are being massively organized across many different exchange markets, Civic was also a part of this selloffs.
Because why not, apparently!
It seems that organizing a crowdsale to raise the value of a coin has been shown to be a great strategy that always works – especially with “small” coins that are usually worth less than a dollar per one unit. That is how many tokens were selling off with the result of having their prices raised. So, let’s see how CVC did.
A little Reminder about Civic
As you might or might not remember, the main idea behind CVC besides from having a decentralized digital token is protecting the privacy of all users.
With this token, identity privacy and identity verification are taken very seriously, so CVC developers have made this token with several neat features that make it a true pioneer when it comes to protecting privacy in the world of decentralization.
Unlike with many other tokens, like Bitcoin, which are not able to fully protect your privacy and preserve your info when making transactions, Civic is focused on providing all members with perks of having a neatly designed token that holds value, at the same time protecting the identities of all users.
Not only that CVC is working on protecting your identity from scenarios like having your ID profile stolen, but it also follows up with you during the hard times. Thanks to ID theft protection, which is one of the features CVC can brag about, this token is there for you at all times in case of identity theft. That means that you will have Civic’s full support, during, after and before the identity theft.
Wherever CVC can be used, you can make sure that your ID will be safe and secure during the access to any of the websites that support CVC usage. With the easy-to-use app, CVC makes top notch security on the go more than possible. Being reminded of everything CVC stands for, it is no wonder that this digital token had a major success when it came to experiencing rises in price during February 9th, 2018. But, why now?
Crowdsale as a Key Solution for Civic
Talking about last week’s crypto stars, Civic has had a fun time having its price increased at the beginning of February and by the end of the first week of this month. During that period, CVC has had the total rise of 40%, which is at the time the best this coin has been doing in 2018. This occasion made CVC almost as twice expensive than its last price. But, how come CVC has been experiencing increases just now? Why not at the end of 2017 or at the beginning of January 2018?
The reason for the latest positive changes in CVC’s prices might be because Civic indeed protects the privacy of its users. Let’s say that an exchange market administration asks for your driver’s license to approve your identity. What they are interested in is not how you look like, what’s your name or where you live – they are just interested in confirming that you are over 18 years old. What CVC does for its users, in this case, is that it provides the exchange market admins with a KYC solution, which enables the administrators to confirm your identity without being provided with your actual personal information.
This solution is pretty tempting, so the case that a lot of people are buying CVC might be the result of the realization that CVC works in favor of its users.
Another thing that might be THE reason for having CVC jumping up so high with its price is the fact that there was a crowdsale being organized in favor of selling Civic tokens.
So, there was a selloff of this token, and CVC went up with its price. This also explains why Civic fell low for -5% within the last change in the price – the selloff was over with and there weren’t many people buying CVC in bulks, so the price didn’t continue to grow at the same pace.
Since this was an organized selloff that allowed Civic to dictate its price and not that kind of selloff that “poor” LiteCoin, Bitcoin, Ripple, and Ethereum went through less than a month ago when a bunch of people tried to exchange their tokens for gold nearly causing these coins to crash, CVC made a quite success. That is how CVC managed to jump up in the matter of a single week for 40%.
Civic and 2018
Civic, although it had a major rise in price, is still worth 0.44$ per one coin. That means that although this coin can still be considered as fairly small, the time for investing in Civic seems to be perfect.
In case this token would continue with the same step of growth as in the previous week, its value per one coin could easily reach 1$ per one coin by the end of February 2018. Just hold your fingers crossed so those -5% of the latest decrease doesn’t turn into a bad habit of Civic.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
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