RobertD7723

CVC: The hidden gem with a dark side

Long
BINANCE:CVCUSDT   Civic / TetherUS
CVC (Civic) is a hidden gem with a dark side. With a market cap of only 20.12 M, this coin has quite a good history of scalping, as well as being stuck in a sideways rutt for months.

Its an interesting coin to trade simply because of its unique behavior, however, one must understand the risks involved. This coin has a low market cap, so additional care must be used while trading it. Also, the dynamics of such a coin do require a bit more of a budget to manage its unexpected drops.

This type of coin is really a very good coin though, for a saving account paradigm (constant dollar cost averaging at fixed percentages or steps), with the proper budget. 100 leverls at 1% of a linear base level can result in consistent profits, but don't be complacent about your risk assessment.

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