Ilv Coin: A Good Investment Option?

Illuvium (ILV) is a blockchain-based play-to-earn RPG and battle royale game that integrates NFTs. It is the first-ever interoperable blockchain game, consisting of a number of blockchain-based games linked to one another. It was built on the Ethereum network and has been in development since 2020. The game is set in an alien ecosystem where players can explore the universe by playing three games: Illuvium Arena, Illuvium Zero, and Illuvium Overworld. Players can earn Illuvium's native cryptocurrency, ILV, by participating in in-game quests, performing special achievements, and winning prizes in tournaments and events.

As of 2024, ILV has a market capitalization of $195,545,222, with a current price of $43.25. In this paragraph, we will explore the topic 'Is ILV coin a good investment?' by looking at the price predictions for ILV and discussing the risks and potential of investing in this cryptocurrency.

What is ILV?

ILV is the native token of Illuvium, the first-ever interoperable blockchain game (IBG). It is a blockchain-based play-to-earn RPG and battle royale that integrates NFTs, a meticulously crafted virtual world, and much more to deliver a distinctive user experience.

The game is set in an alien ecosystem where players can explore the universe by playing three games: Illuvium Arena, Illuvium Zero, and Illuvium Overworld. Players can collect, hunt, and discover over 100 unique NFT Illuvials, each with unique abilities and synergies. These Illuvials can be fused together to create a new beast and upgrade their power. The more unique an Illuvial’s powers and features, the more valuable the NFT.

The platform works as a play-to-earn game. Players can earn Illuvium’s native cryptocurrency, ILV, by participating in in-game quests, performing special achievements, and winning prizes in tournaments and events. ILV can also be earned through the selling of Illuvials and Lands in the game’s marketplace.

In addition to owning Illuvials, players can also purchase Lands and thereby expand their in-game territory. According to Illuvium’s documentation, the platform is unique due to its feature allowing stakers to receive regular distributions of rewards and their right to vote on everything from issues related to tokenomics to in-game features.

The game’s multi-layered ecosystem capitalizes on the security provided by Ethereum, while also benefiting from the high-performance capabilities of Immutable X.

ILV price predictions for 2024-2030

Please note that price predictions are not always accurate and investing in cryptocurrencies carries risks. It is recommended that you conduct thorough research and consider both technical and fundamental factors before making any investment decisions.

2024

According to CaptainAltcoin, the ILV price prediction for 2024 is $144.86. TechNewsLeader predicts a slightly higher value of $230.96, while PricePrediction.net forecasts a lower value of $52.37. Changelly estimates the minimum cost of Illuvium in 2024 to be $100.93, with a maximum level of $100.08 and an average trading price of $99.22. SwapSpace cites experts who predict a price of $217.604 in 2024.

2025

CaptainAltcoin predicts the price of ILV in 2025 to be $176.48. TechNewsLeader predicts a higher value of $345.41, while PricePrediction.net forecasts a lower value of $82.06. Changelly estimates the minimum price of Illuvium in 2025 to be $72.57, with a maximum level of $87.40 and an average trading price of $74.62. SwapSpace cites WalletInvestor's prediction of a breakthrough price of $1198.833 in 2025.

2026

CaptainAltcoin predicts the price of ILV in 2026 to be $205.34. TechNewsLeader predicts a higher value of $418.62, while PricePrediction.net forecasts a lower value of $118.78. Changelly estimates the minimum price of Illuvium in 2026 to be $108.66, with a maximum level of $128.31 and an average trading price of $111.64.

2027

CaptainAltcoin predicts the price of ILV in 2027 to be $258.28. TechNewsLeader predicts a higher value of $562.67, while PricePrediction.net forecasts a lower value of $177.32. Changelly does not provide a specific value but states that the price will be in the $150 range.

2028

CaptainAltcoin predicts the price of ILV in 2028 to be $311.23. TechNewsLeader predicts a higher value of $994.52, while PricePrediction.net forecasts a lower value of $262.89.

2029

CaptainAltcoin predicts the price of ILV in 2029 to be $364.17. TechNewsLeader predicts a higher value of $1,407, while PricePrediction.net forecasts a lower value of $416.87.

2030

CaptainAltcoin predicts the price of ILV in 2030 to be $379.44. TechNewsLeader predicts a higher value of $1,866, while PricePrediction.net forecasts a lower value of $596.86. SwapSpace cites WalletInvestor's prediction of a price of $6307.864 in 2030.

ILV's all-time high

The all-time high for ILV was $2,868.95. This was the highest price paid for the cryptocurrency since its launch. The price was recorded on Coinbase, where ILV is currently trading at $66.00 per token, as of August 2024. This is a 97.70% decrease from its all-time high.

ILV is the ERC-20 token that powers the Illuvium game. It is used to compensate players for their in-game achievements, entitle players to their share of the Illuvium Vault, and is used for participating in the governance of the game via the Illuvium decentralized autonomous organisation (DAO).

The Illuvium game is an open-world fantasy battle game built on the Ethereum blockchain. It combines elements of an exploration game with player-versus-player (PVP) battles. Players can capture deity-like beasts called Illuvials and add them to their collection. These Illuvials can then be used in battles against other players.

The game has been in development since 2020 by a global team of over 40 individuals, including co-founders Kieran Warwick, a serial entrepreneur and early cryptocurrency adopter, and his brother Aaron Warwick, an experienced game designer.

ILV's price history

The price of Illuvium (ILV) has been volatile since its launch in April 2021 at $47.31. It fluctuated between highs of over $110 and lows of $30 before surging in August 2021 as the platform prepared to release its auto battler trailer. Between August and November 2021, ILV gained over 415%, surging from $243.67 to its then all-time high of $1,267.07. During this time, the coin benefited from being listed on several exchanges, including Binance, Kucoin, and Crypto.com.

However, the positive momentum was short-lived as the coin lost 23.3% of its gains in 10 days, dropping to $972.19 by November 19, 2021. It quickly recovered and, on December 1, 2021, reached its all-time high of $1,846.88. This surge coincided with the rising popularity of play-to-earn games and metaverse tokens.

Unfortunately, ILV's price started to fall amid a deteriorating global economic situation. Between its all-time high in December 2021 and July 2022, the token lost over 90% of its value, falling to $140.85. By December 2022, it had lost an additional 66%, reaching $47.30.

As of late 2024, ILV's price seems to be recovering. According to various sources, the price of ILV is predicted to be in the range of $41 to $72 by the end of 2024. Some predictions even suggest that ILV could reach $144.86 by the end of the year.

Looking further ahead, predictions for ILV's price in 2025 range from a low of $62.83 to a high of $345.41. By 2030, some sources predict that ILV could reach prices between $596.86 and $1,866.

It is important to remember that cryptocurrency markets are highly volatile and unpredictable. These price predictions should not be considered investment advice, and thorough research is necessary before making any investment decisions.

Is ILV a good investment?

Whether ILV is a good investment depends on your personal circumstances and risk appetite. Cryptocurrencies are high-risk assets. You should do your own research and evaluate the level of risk you are prepared to accept before investing. Never invest money you cannot afford to lose.

ILV Price History

Illuvium's native token, ILV, surged by more than 3,800% between its launch in April 2021 at $47.31 to an all-time high of $1,846.88 in December 2021. However, the token lost over 90% of its value between 1 December 2021 and 1 July 2022, falling to $140.85. As of 9 December 2022, the token had lost a further 66% and was trading at $47.30.

ILV Price Predictions

• Wallet Investor gave a bearish ILV price prediction, noting that the coin was "a bad long-term investment". It predicted that the Illuvium price prediction for 2023 could fall to $5.141.
• DigitalCoinPrice noted that the "current sentiment [on ILV] is bearish" as of 9 December 2022, but gave a more positive long-term prediction, seeing the token reach $116.71 on average in 2023, $198.77 on average in 2025, growing past $240 in 2027 and reaching $336.98 in 2028.
• DigitalCoinPrice’s Illuvium price prediction for 2030 saw the token averaging $664.96.
• Mati Greenspan, the CEO and founder of Quantum Economics, gave a more upbeat prediction: "It’s great to see some of these Blockchain games, like Illuvium, building through the bear market. I have a feeling that they'll be leading the charge during the next bull market and be a positive force for the online gaming industry."
• CaptainAltcoin predicts that the ILV price will be around $144.86 in 2024, $176.48 in 2025, $205.34 in 2026, $258.28 in 2027, $311.23 in 2028, $364.17 in 2029, and $379.44 by 2030.
• TechNewsLeader predicts that ILV can go as high as $230.96 in 2024, $345.41 in 2025, $1,866 on average in 2030, $56,822 in 2040, and $71,745-$93,849 in 2050.
• AmbCrypto predicts that ILV's price will range between $38.50 and $57.75 in 2024, between $41.89 and $62.83 in 2025, between $48.65 and $72.98 in 2026, between $56.80 and $85.20 in 2027, between $67.85 and $101.77 in 2028, between $88.44 and $132.66 in 2029, and between $93.70 and $140.55 in 2030.
• PricePrediction.net predicts that ILV will reach a maximum price of $82.06 by 2025, a maximum price of $596.86 in 2030, and a maximum price of $42,760 by 2050.

Frequently asked questions