![Full Illuvium Crypto Analysis and ILV Coin Price Prediction-article](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-article.jpg)
We are going to begin at the moment’s article with the fundamentals. That is the place you’ll study what the Illuvium crypto mission is all about. We’ll additionally cowl the mission’s fundamentals, roadmap, and group. Subsequent, we’ll shift our focus to the ILV coin and begin off by answering the query, “What’s the ILV token?” Plus, we’ll discover this crypto’s tokenomics and use circumstances. Nonetheless, we’ll additionally do our greatest to supply some insights into what the longer term could maintain for the ILV coin.
Nonetheless, since most of you primarily need to know if you can also make some cash by buying and selling the Illivium coin, we’ll additionally dive into our $ILV worth evaluation. Utilizing TA and evaluating the Illuvium crypto mission with different standard Web3 gaming initiatives, we’ll supply some $ILV worth predictions.
Primarily, this text will make it easier to decide if this GameFi mission’s token deserves additional consideration. Moreover, that will help you reply if you should purchase $ILV or not, you’ll need to use Moralis Money – the trade’s main on-chain evaluation instrument!
![Illuvium crypto project website landing page](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-project-101-1024x456.jpg)
What’s the Illuvium Crypto Challenge?
The Illuvium crypto mission is a Web3 gaming mission on a mission to ship an enthralling sequence of totally decentralized RPG and assortment video games. The mission launched its ILV token in 2021; nonetheless, the primary personal beta of the Illuvium recreation went reside in December 2022.
So, the video games supplied by the mission are nonetheless of their early phases. Nonetheless, many consider that Illuvium is poised to be the primary Web3 gaming mission of the following bull run.
The mission at the moment focuses on the next 4 video games which can be all interlinked as a part of the Illuvium universe:
- Overworld
- Registrations are open for beta on Mac and Home windows (on the time of writing).
- Zero
- Alpha accessible for land holders (on Mac, Home windows, and Android).
- Enviornment
- Registrations are open for beta on Mac and Home windows (on the time of writing).
- Past
- Already reside and accessible on IlluviDex.
![Illuvium crypto games outlined](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-Illuvium-games.jpg)
Word: On this article, we’ll focus extra on the gist of the mission and the Illuvium coin. Nonetheless, we now have a separate article exploring the Illuvium game in additional depth.
Fundamentals
On the core of the Illuvium crypto mission is blockchain expertise and all the brand new potentialities it brings to the gaming trade. Specifically, it introduces an idea of decentralization and possession rights for gamers.
Gamers can export their in-game property and commerce them into cryptocurrency, offering real-world worth. Furthermore, that is also referred to as GameFi and play-to-earn (P2E).
![fundamentals of the ILV crypto project](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-GameFi-P2E-are-fundamentals-1024x369.jpg)
Because of programmable blockchains just like the Ethereum community, many initiatives, together with Illuvium, can create attention-grabbing video games with monetary incentives. Illuvium’s purpose is to determine a secure platform that appeals to cryptocurrency lovers, players, and technologically-savvy people.
To attain that purpose, Illuvium goals to make sure seamless onboarding, a liquidity mining program, recreation objects as NFTs, and interoperability by way of NFTs. Now, to beat the problem of exorbitant buying and selling charges on the Ethereum chain, the mission additionally makes use of Immutable X’s scaling resolution.
Plus, Illuvium can also be a totally decentralized protocol whose main purpose is to make sure a triple-A blockchain gaming expertise. So, other than tokenized in-game property that may be freely traded on Illuvium’s native market or different secondary marketplaces, the mission additionally permits its stakers to vote on numerous elements of the sport and its tokenomics.
The sport sequence itself is all about exploring the sweetness and marvel of a digital panorama, looking harmful creatures, capturing them and utilizing them for battles (consider Pokemon), or buying and selling them on the alternate. Moreover, all of the Illuvium video games are interconnected. In consequence, they permit gamers to make the most of their property in numerous methods throughout the sequence.
Roadmap
With the above-outlined information in thoughts, Illuvium basically positions itself as a decentralized studio constructing the world’s first interoperable blockchain recreation (IBG) universe. It is not mistaken to consider it as some kind of a metaverse. The latter contains an open-world exploration recreation, an industrial metropolis builder, and an “auto battler.”
The mission embarked upon this journey in quarter 4 of 2020 with its pre-seed spherical. Here is an overview of main milestones (occasions) that the mission has already accomplished:
- Pre-Seed Spherical (2020, This autumn)
- Preliminary Prototype (2020, This autumn)
- Transition to Unreal Engine (2020, Q,4)
- Seed Sale (2021, Q1)
- Balancer Liquidity Bootstrap Sale (2021, Q1)
- Token Sensible Contract (2021, Q1)
- First Cinematic Trailer (2021, Q1)
- Staking V1 (2021, Q2)
- Auto Battler Trailer (2021, Q3)
- Land Sale 1 (2022, Q2)
- Staking V2 (2022, Q2)
- Illuvium Enviornment Non-public Beta 1 (2022, Q2)
- Illuvium Enviornment Non-public Beta 2 (2022, Q3)
- Illuvium Overworld Beta (2022, Q2)
- Illuvium Zero Alpha (2022, This autumn)
- Illuvium Past Wave 1 (2023, Q1)
![Illuvium Crypto project roadmap](https://academy.moralis.io/wp-content/uploads/2023/08/Illuvium-Crypto-project-roadmap-1024x456.jpg)
So far as the near-future mission’s plans go, seek advice from the next occasions and estimated timeframes:
- Illuvium Zero Season One (2023, Q3)
- Illuvium Retailer (2023, Q3)
- Illuvium Overworld Non-public Beta 2 (2023, Q3)
- Illuvium Overworld and Enviornment Non-public Beta 3 (2023, Q3)
- Illuvium Past Wave 2 (2023, Q3)
- Illuvium Remaining Non-public Beta (2023, This autumn)
- Illuvium Public Beta Launch (2023, This autumn)
- Illuvium Past Wave 3 (2023, This autumn)
- Illuvium Past Wave 4 (2024, Q1)
- Illuvium Enviornment Cellular (2024, Q2)
Neighborhood
Initiatives in Web3 are community-powered. As such, if a mission desires to achieve crypto, it should create a powerful group. For that objective, the Illuvium crypto mission has utilized a number of shops.
To discover these choices, be happy to go to the mission’s official web site and hover over the “Neighborhood” menu choice. Then, choose any of the accessible platforms from the drop-down menu:
![ILV Coin Price Prediction community options](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-community.jpg)
Exploring the ILV Coin – What’s the ILV Token?
The ILV coin (a.ok.a. the Illuvium coin) is the Illivium protocol’s native cryptocurrency. It’s a fungible asset that lives on the Ethereum blockchain. It was minted on March 21, 2021, with 7,000,000 $ILVs:
![Etherscan transaction pages of the ILV coin](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-minting-trx-on-Etherscan-1024x330.jpg)
Tokenomics of the ILV Coin
These are the core tokenomics of the ILV token:
- Identify: Illuvium
- Image/ticker: ILV ($ILV)
- Community: Ethereum
- Token sort: ERC-20
- Preliminary complete provide: 7,000,000 $ILV
- Mounted provide: No (the ILV token is mintable)
- Token distribution:
- 500,000 $ILV (pre-seed)
- 1,500,000 $ILV (seed)
- 1,500,000 $ILV (group)
- 1,500,000 $ILV (treasury)
- 1,000,000 $ILV (launchpad)
- 3,000,000 $ILV (yield farming – ongoing)
- 1,000,000 $ILV (in-game rewards)
Use Circumstances
The Illuvium coin has two main use circumstances. First, it serves as a governance token for the Illuvium ecosystem, permitting ILV holders to affect the mission’s course. Second, it’s a crypto asset that may be freely traded throughout numerous marketplaces, together with its native one (IlluviDex) and several other CEXs and DEXs.
So, the ILV token is just not an in-game asset and isn’t required to play the Illuvium video games. For the aim of representing in-game objects, the Illuvium crypto ecosystem makes use of NFTs.
![ILV-Coin](https://academy.moralis.io/wp-content/uploads/2023/08/ILV-Coin.jpg)
What’s the Way forward for the ILV Coin?
The way forward for the ILV coin is kind of set, no less than from a technical perspective. In spite of everything, its good contract lives on the Ethereum chain. After all, the governance physique of the mission can suggest and settle for some alterations and introduce further use circumstances for the token.
Full ILV Coin Worth Evaluation
![ILV-weekly-log-chart-with-price-levels](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-weekly-log-chart-with-price-levels-1024x528.jpg)
The above logarithmic weekly chart for the ILV coin worth paints a full image of the place the token’s worth is coming from. In response to TA (technical evaluation), it additionally drops some hints to what’s prone to come.
Nonetheless, earlier than we analyze the value of the asset any additional, it’s value declaring the next:
- Early (pre-seed and seed) traders bought 500,000 ILV tokens at $1 every and 1,500,000 ILV tokens at $3.
- The itemizing worth of the Illuvium coin was set at $50 utilizing a Balancer Liquidity Bootstrapping Pool (BLBP), which was initially pushing the value down.
Within the first two weeks after $ILV began to commerce, its worth greater than doubled. However then the promoting stress elevated, and the value of the token took a downturn. It reached its lowest level on June 22, 2021, at roughly $29.
From that time, the $ILV worth began to recuperate with the remainder of the crypto market. The asset pulled off fairly a rally – it elevated in worth by greater than 65x by the tip of November of that very same 12 months. This was when the value marked its all-time excessive (ATH), barely above $1,900 per token.
Nonetheless, as BTC reached its excessive and the remainder of the crypto property began to drag again, so did $ILV. In simply 54 days, the worth of the token decreased by greater than 70% and located a short lived reduction rally from the $500-ish stage. However the assist at that worth vary received retested a few occasions and at last broke down on Could 5, 2022.
Degree after stage received damaged till the value of ILV lastly discovered new assist at $38-ish in November 2022.
The Worth of the Illuvium Crypto Token in 2023
![$ILV-daily-chart-with-price-levels-2023](https://academy.moralis.io/wp-content/uploads/2023/08/Full-Illuvium-Crypto-Analysis-and-ILV-Coin-Price-Prediction-daily-chart-with-price-levels-2023-1024x531.jpg)
To give attention to ILV’s worth following the aforementioned low in November 2022, let us take a look at the above each day chart on an everyday scale. You possibly can see that the token tried to maneuver above its itemizing worth however did not have sufficient gasoline on the time. So, the value got here again all the way down to the $28-ish stage for the second time.
After forming a neat double backside, $ILV pulled off fairly a run in January 2023. Nonetheless, the $100-ish barrier proved to be too robust of a problem. Thus, the asset’s worth entered a downtrend once more. The latter additionally ended on the $38-ish stage, which has confirmed to be a powerful assist.
After touching that assist on July 8, 2023, the value first ranged sideways till the tip of that month. Nonetheless, on August 3, 2023, the value began climbing towards the $50-ish stage once more. On the time of writing, the value sits round $53-ish. And it appears as if the cryptocurrency has efficiently retested that stage and turned it into new assist.
![Top-P2E-projects](https://academy.moralis.io/wp-content/uploads/2023/08/Top-P2E-projects-1024x589.jpg)
ILV Coin Worth Prediction
By trying on the above weekly and each day charts, you possibly can see all essentially the most vital ranges of assist and resistance (blue strains). These worth areas are additionally the most definitely future costs of the ILV token. So, if the remainder of the crypto market continues to achieve momentum, $ILV has the potential to go a lot increased. In spite of everything, the present worth remains to be greater than 35x under its ATH. The mission now additionally has video games up and working, whereas again in 2021, the pump was primarily backed by the thought.
Nonetheless, given the curiosity within the Illuvium ecosystem, ILV might break above its ATH within the upcoming bull market. To get some tangible worth stage for such a state of affairs, we are able to use the Fibonacci retracement instrument. So, if we use the ILV ATH worth and the token’s latest low, essentially the most optimistic stage (the “4.236” extension) factors to $7,900-ish.
We might evaluate it with one of the profitable P2E initiatives – Axie Infinite. By doing so, the value prediction factors to $1,900-ish. That worth was calculated by taking AXS’s ATH market cap worth and dividing it by ILV’s present circulating provide.
Word: If you would like to learn up on different gaming cash, make sure that to take a look at one among our earlier articles exploring top gaming tokens.
![Is-Illuvium-a-good-or-a-bad-investment](https://academy.moralis.io/wp-content/uploads/2023/08/Is-ILV-a-good-or-a-bad-investment-1024x312.jpg)
Is the Illuvium Coin ($ILV) a Good Funding?
The above sections must be greater than sufficient that will help you decide whether or not or not the Illuvium crypto mission deserves your additional consideration. Nonetheless, to reply the above query with confidence, you have to DYOR for the token. The perfect place to do this is the Moralis Cash Illuvium ($ILV) token web page.
On that web page, you’ll find all of the assets and instruments you have to construct your private opinion about what makes $ILV a superb or a nasty funding. Additionally, don’t forget to contemplate your monetary scenario and your danger tolerance earlier than taking the following step.
Nonetheless, remember to determine whether or not you solely need to commerce ILV or if you happen to’d additionally wish to stake the asset to affix the Illuvium crypto mission’s governance. In case you determine on the latter, your in-depth analysis must be much more detailed.
Both method, observe the above token web page hyperlink or use the interactive widget under to find out if the Illuvium is an effective funding for you. And if you happen to determine that you simply need to get a bag of $ILV, don’t forget to contemplate Moralis Money’s alpha metrics for that asset. In spite of everything, these real-time, on-chain insights will let you know whether or not the token is gaining or dropping on-chain momentum.
The place to Purchase the ILV Token?
There are various methods to purchase the Illuvium coin. As an example, you possibly can go to the token’s official web site, hover over the “Token > Purchase ILV” choice within the high menu, after which choose one of many accessible choices. Nonetheless, because you’ll already be researching the asset on the above-presented web page, you should use Moralis Cash’s instant crypto swap feature. It’s quick, easy, and secure!
![Where-to-buy-the-ILV-token](https://academy.moralis.io/wp-content/uploads/2023/08/Where-to-buy-the-ILV-token-1024x475.jpg)
Word: If you’re new to swapping tokens, use our step-by-step information on how to swap ERC20 tokens.
Full Illuvium Crypto Evaluation and ILV Coin Worth Prediction – Key Takeaways
- The Illuvium crypto mission is likely one of the main Web3 gaming initiatives.
- Illuvium went reside with its native token – the ILV coin – in 2021.
- The value of $ILV has been by way of quite a bit and at the moment sits about 35x under its ATH.
- In response to the mission’s fundamentals and TA, the upside potential is increased than the draw back.
- Use Moralis Cash’s token web page for ILV and DYOR for the asset and the mission correctly to find out if it’s a superb funding for you.
- When you want to purchase the Illuvium coin, you are able to do so with out breaking a sweat or the financial institution on the Moralis Money Illuvium ($ILV) token web page.
Whether or not you find yourself investing in Illuvium or not, you must increase your horizons to different altcoins. In spite of everything, the common alt tends to extend by 50-70x throughout a bull market. Luckily, Moralis Cash’s core characteristic – Token Explorer – allows you to find tokens before they pump.
It’s the final technique to scan the crypto market and discover alts with promising potential early! With Token Explorer, you’ll lastly go away the crypto FOMO in your rearview mirror.
Plus, this final on-chain evaluation instrument has a number of bonus options that may make it easier to with crypto portfolio management, token portfolio tracking, and extra.
So, in case you are severe about your altcoin investing, make sure that to choose in for the Moralis Cash Starter or Pro plan.
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