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Civic (CVC): Bumpy Roads, Rocky Boats and All the Highs and Lows

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Civic plays with the big guys although its price isn’t as near as 10.000$ per coin, having its value set on 0.8 dollars per unit and 809 million dollars net worth supported by coins that are available for mining. Although this digital currency is on the deck with the big boys, it had some pretty horrible downfalls as well as fantastic value increase during the past 200 days.

Ups and Downs with CVC

CVC is a pretty solid digital coin if you take some time to take a glance at the technology this currency is using. Although CVC uses blockchain technology, just as every other digital currency when compared to big names on digital currency market this cryptocurrency is closer to Ethereum than it would be to Bitcoin. CVC is using Ethereum based technology, and it represents decentralized ecosystem that allows all users to enable privacy and security on demand as well as to create new identities that are accepted and verified through this ecosystem. Users are then able to function through the ecosystem by performing transactions, trades and exchange of values while remaining secure. Transactions are cost effective and fast so CVC is easy to work with and can be described as extraordinarily functional and easy to use.

Transactions are done through smart contracts so that any potential of thievery and hack attack is prevented and diminished. Only two parties are involved in transactions, and just those individuals take part in verification of identity and transaction process and protocol.

Thanks to its functionality and advanced usage of blockchain technology, in the mid-summer, CVC had a promising future when its value jumped for 70% going to the price of 0.3$ which was the first more significant value this coin has experienced. From there on, CVC continued with having its value increasing. If you take into consideration that just five months before undergoing the rise of value, this cryptocurrency was trading at 0$ which made it non-existent, this price jump was what CVC users and traders were waiting for.

The rocky boat didn’t stop rocking there as CVC was also on the line for having an additional rise in value in December when other currencies had their price increased, which made CVC value jump for a total of 274% in the last days of the current year.

The final increase was marked on December 29th when CVC price went up again for 25.47%, which made this coin worth 1.01$ per one unit. That was at the same time the most significant value this digital currency has ever had.

Why is CVC dropping?

A lot of different digital currencies have experienced sudden drops, many unexpectedly, and the reasons for those sudden drops are usually out of control – not often, but mostly and most definitely are beyond the control of coin holders.

You can affect the market as well, that’s true, and your decision whether to hold onto a coin or to sell it on the market is also affecting the price of currencies. Usually, the higher the interest, the higher the price. Miners can also change the benefit new investors and traders are having in specific digital coins by extensively working on mining, which multiplies the number of available coins which also affects the overall value and net worth.

There are other factors for having the price of coins dropping all of a sudden – like it is the case with Bitcoin. Sanctions that different countries are imposing, like when China decided to ban coin offerings, known as ICO or initial coin offerings, which resulted in having the value of Bitcoin dropping after reaching its peak.

China, although affecting Bitcoin negatively, can be a tribute to having been influenced the rise of value for CVC when it allowed this digital coin into initial coin offerings. That is the exact time this coin first jumped from being non-existent and trading at 0$ per coin to trading at 0.3$ and experiencing at the same time the most significant rise this currency has ever had.

The price of this coin remained to rise, reaching 1.01$ per unit which was a record value for Civic coin and probably a pleasant surprise for all holders and traders. The tables turned, so CVC dropped again in the last few days of December and many are asking why. It might be the case that many CVC holders decided to sell when the price went up to its record, reaching a bit over 1$. The price could have easily dropped if this was the case.

But whatever the reason for having CVC experiencing an initial peak of its lifetime value to falling again in the last 24 hours, there isn’t much that traders and holders can do about it except for sticking to CVC and see what happens next.

Where is CVC at Right Now?

On December 30th, some digital currencies experienced another wave of value drop, which dragged in CVC as well. In the last 24 hours, CVC has dropped from 1.01$ per one coin to 0.8$ per unit, which is still as close to the most significant price this digital coin has had in the past.

CVC dropped -1.20%, which gave it the final price of 0.8$ and concluded its rocky journey for this year. What will happen next is yet to be seen, but users and traders that work with CVC surely hope that this digital coin will land on its feet and acquire a sense of stability in oppose to the current state of cryptocurrency market.

We will be updating our subscribers as soon as we know more. For the latest on CVC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Eric Lynch via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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