I am fairly new to speculating the market with alts. I know that Civic is having a fairly large airdrop that should be paying out by the end of Q4. With enough referrals a fair amount of people are getting 25,000 CVC, currently valued at .029 USD. I am used to a fairly large Discord/Telegram community in the cryptos that I hold, but I have no idea what to do with Civic. I would love to hold for longer, but I don't want it to flop obviously. Does anyone have any thoughts on it, or the odds of it even hitting $1? That's a pretty ginormous airdrop in my opinion.
If coin or in this example a part of coin is distributed for free with airdrop then you can expect that its value will be close to zero. People got it for free and will value it as such.