CVC Surge – Buying Demand Explodes Thanks to Web3 Identity Verification Trend"

CVC (Civic) – the token of the decentralized identity verification platform – is witnessing a surge in purchases, driving the price up over 30% in the past week. The main reason stems from the compliance trend in Web3 and the proposed laws requiring KYC for cryptocurrency wallets being introduced in the US and EU.

Many new projects are integrating Civic to provide identity verification solutions while still protecting privacy, helping the CVC token have a clear practical application – a rare occurrence in the entire meme coin altseason.

Additionally, on-chain data shows that the number of wallets holding CVC long-term is increasing, along with steadily rising trading volumes on both CEX and DEX. With this momentum, CVC could soon return to the $0.20 – $0.25 range in the short term.

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