Illuvium: All You Need to Know
We have seen the introduction and growth of several sectors in recent years, one of which is the crypto market. Some of you may already be knowledgeable of the aforementioned industry, but for those of you who aren’t, let us first explain what it is.
Crypto is a type of virtual or digital currency that first appeared a few years ago and has experienced rapid growth and popularity since then. Because of this quick growth, the business has been able to attract many potential investors from all over the world and has established a brand for itself.
Today, in this post, you will learn about one of the top cryptocurrencies, Illuvium (ILV).
Table of Contents
What is Illuvium?
Illuvium, or ILV as it is more generally known, is an open-world epic battle game that is supposed to be based on the Ethereum platform. Not only that, but Illuvium is the first AAA videogame on the Ethereum network, focusing on offering a source of enjoyment to both diehard DeFi enthusiasts and casual gamers with a variety of trading and collecting elements.
In other words, Illuvium, like several other noteworthy projects such as The Sandbox and Axie Infinity, is a forerunner in the cutting-edge game business based on blockchain. Before going any further, it’s important to note that this platform has been in production since 2020 and has amassed a global team of around forty people, including successful entrepreneurs, co-founders, and professional game designers.
Illuvium is currently in development with a projected release date in 2022. After you’ve created an account, you’ll be able to access the game application as a desktop version. A free-to-play mode, as well as paid subscriptions, will be available.
The Illuvium project revolves around collecting and customizing NFT Illuvials. In-game, each Illuvial has an affinity and a category. Illuvials with more power can combine divisions and affinities. When Illuvials of the same affinities and categories are used together in battle, they grant bonuses. This is known as establishing synergies, and it allows you to make tactical decisions about which Illuvials to employ and collect. Once they reach a particular level, users can combine their Illuvials to make new ones with increased power.
You must contain an Illuvial in a shard to capture it. To capture the Illuvial effectively, the shard should be more powerful than the Illuvial. If your Illuvial is harmed, it will begin to mend itself in its shard over time. You can spend a charge or use things to boost up the health healing process if you wish to speed it up. Illuvials come in a variety of finishes, including Shiny, Gold, and Holographic.
What are ILV and sILV?
ILV (Illuvium Crypto) and sILV are two ERC-20 coins that help fuel the Illuvium videogame.
Owners of the ILV token can participate in yield farming, staking, and administration of the Illuvium DAO. Those that invest their tokens can choose between receiving rewards in ILV or sILV.
The awards have a 1-year lock-up term if owners want to obtain ILV. This lock-up time ensures that ILV-to-other-coin trade pairs maintain a high level of liquidity. Those who want to earn sILV will receive their prizes right away, with no waiting period, however, sILV can only be utilized for in-game purchases. The benefits for individuals who stake ILV are funded by a variety of income streams, including in-game sales.
ILV Price and Market Stats
ILV Price ₿0.01811954
Market Cap ₿11,514
Market Cap Dominance 0.02%
Trading Volume ₿428
Volume / Market Cap 0.0374
24h Low / 24h High ₿0.01811608 / ₿0.01874470
7d Low / 7d High ₿0.01813623 / ₿0.01996849
Market Cap Rank #173
All-Time High ₿0.03326158 -45.5%
Nov 30, 2021 (about 2 months)
All-Time Low ₿0.00076700 2264.9%
Jun 22, 2021 (7 months)
You should have a good grasp of the platform after reading this far, and you should be able to decide whether or not engaging in Illuvium is the right decision for you. Given what it has to deliver, as well as its previous performance and future goals, we are confident that Illuvium will show to be a rewarding investment in the coming months, with increased returns and the likelihood of your present investment increasing in value. But, once again, nothing is certain!
Illuvium Crypto (ILV) Price Prediction
The game is a hybrid of an open-world adventure game and a multiplayer warfare game. Players may spend their time discovering the game’s setting or training their army of fearsome animals. The Illuvium Price Prediction is now available, but first, you need to learn more about this cryptocurrency.
Illuvium (ILV) Price Prediction 2022
Every month, the token price will take a fresh leap, as predicted, and by the end of the year, the token value will astound every investor. No one can predict that the token will achieve the high that ILV will hit in 2022. In the year 2022, the token is expected to cost $1565.20. If a trader buys this coin now, he or she will earn handsomely in the year 2022.
Illuvium (ILV) Price Prediction 2023
Now, let’s move on to the following year, where traders are still clutching their tokens to earn higher returns in the coming year, and even if you are still carrying some tokens until the end of the year, the token will, however, give you massive profits in the coming years, and if we foresee the token, we can get to $1680.30 by 2023 end.
Illuvium (ILV) Price Prediction 2024
The year 2024 will be a tad difficult for the token because the marketplace will turn up and down, which will impact the token and cause the price to drop in the middle or start of the year, but you don’t have to stress because the prediction shows that by the year-end, the price will reach $1760.50.
Illuvium (ILV) Price Prediction 2025
Well, this year will be the final year of our projection, 2025, and we may expect greater earnings from this token. As we’ve seen in past years, the token may provide a significant return while only requiring a little investment, and if you hold the token for the next 4 years, the price can hit $1,804.18. This is a multiple of 3 to 4 times the total invested at the end of the year.
Also Read: Illuvium(ILV) Price Prediction
How to buy Illuvium (ILV)?
You can buy Illuvium (ILV) from the following exchanges:
How do you use Illuvium?
The ILV (Illuvium) token is utilized as in-game currency and grants players access to the Illuvium Vault.
The token can also be utilized to take part in the game’s governance through the Illuvium decentralized autonomous organization (DAO). It’s set to come out in the first few months of 2022.
Can you make money with Illuvium?
Yes, you can make money with this cryptocurrency. But, you will have to learn a lot about it before investing.
On the contrary, cryptocurrency is a highly unstable and unpredictable market. As a result, you must comprehend that, like any other cryptocurrency, Illuvium comes with its own set of hazards, and you should only invest if you’re prepared to take those chances and incur all losses if needed.