Civic is another unique token that holds a unique identity in the cryptocurrency ecosystem. At the time of writing this article, it is trading around 0.550 USD. It has a low trading profile since its inception. Let’s discuss what actually this Civic token is? What will be civic price prediction and future?
What is Civic?
Civic is an identity verification platform that uses the Ethereum blockchain as a medium. It aims at providing relief from identification theft and establishing a secure and efficient ID verification system. Civic token (CVC) is its primary and only coin which is mainly used in the identification process only.
Process of ID verification on the platform
Primarily it uses a different process of ID verification rather than the traditional process which uses Username and Password. One has to access its application to get him to register with the Civic platform. Certain types of documents are also to be submitted on the platform for availing of its services.
One of the major advantages of using this platform is the security it provides, as blockchain is used to run the program. Apart from blockchain, its background checks approach. Accessing public information like Social media handles is a part of Civic’s effective background check function.
Its Applications
In this age of technological advancement where for everything online, you need to go through the process of Identity verification. From creating a Facebook account to book any airline ticket everything requires ID verification. So Civic can be used by a number of platforms for a secure identification process.
Civic Price Prediction
The civic coin has not shown any promising growth during the years since its inception. There have been some highs but those were just flukes. It has a market cap of around $390 million which is significantly low when compared to its contemporaries. It doesn’t even rank in the top 150 cryptocurrencies.
There is a ‘But’ in this situation. For a long time, it was only limited to the USA for trading purposes. So that is one of the main reasons that it has not shown any significant growth in these years.
According to Cryptoground, analytics suggest that in the next one year, it can cross the mark of $0.75 and by the year 2025, one civic coin will worth around $1.75. With more than 200% spike in next 5 years, civic is looking good. The reason for this prediction can be the uniqueness that the Civic platform offers. There is a need for a secure identity verification platform, and this need is just going to increase with each passing day. And Civic provides the required platform for fulfilling this need.
ADVISORY: Do your own research before investing in any cryptocurrency.
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