Coin of the day is Civic
Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet.
Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities.
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services.
Latest news
May 15 – Launch of ID Codes. “This is the first-ever blockchain-based verification mechanism where both parties’ opt-in, and there’s no database filled with PII as a single point of failure, no bots meddling or tracking for advertising purposes.”
May 28 – Binance listed CVC token (CVCBTC and CVCETH pairs).
Technicals
Civic generated noticeable volumes on 24.05.2018, possibly due to some rumors or insider information about Binance listing. From the overall point of view CVCBTC still trading in the bottom part of the past price ranges. Nonetheless, the price is holding in the bullish scenario since 18.03.2018. CVCBTC was bouncing around 100-days EMA, inside the 0.00004 – 0.00005 channel since April 14; today, with the help of arbitration on price differences of open price on Binance and other exchanges, the coin broke above the 0.00005 level peaked at 0.000062 but returned to the 0.000047 support shortly. Such movement is common during listings. Despite the "pump and dump" view, listing on new exchanges is always a positive sign for the coin and as soon as arbitration fluctuations will calm down CVCBTC with high probability will go in the more bullish state. 100-days EMA and 0.00004 level should stay as a support for the growth scenario.
Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet.
Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities.
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services.
Latest news
May 15 – Launch of ID Codes. “This is the first-ever blockchain-based verification mechanism where both parties’ opt-in, and there’s no database filled with PII as a single point of failure, no bots meddling or tracking for advertising purposes.”
May 28 – Binance listed CVC token (CVCBTC and CVCETH pairs).
Technicals
Civic generated noticeable volumes on 24.05.2018, possibly due to some rumors or insider information about Binance listing. From the overall point of view CVCBTC still trading in the bottom part of the past price ranges. Nonetheless, the price is holding in the bullish scenario since 18.03.2018. CVCBTC was bouncing around 100-days EMA, inside the 0.00004 – 0.00005 channel since April 14; today, with the help of arbitration on price differences of open price on Binance and other exchanges, the coin broke above the 0.00005 level peaked at 0.000062 but returned to the 0.000047 support shortly. Such movement is common during listings. Despite the "pump and dump" view, listing on new exchanges is always a positive sign for the coin and as soon as arbitration fluctuations will calm down CVCBTC with high probability will go in the more bullish state. 100-days EMA and 0.00004 level should stay as a support for the growth scenario.
