What's next for Illuvium?
Key Takeaways
- Illuvium has emerged as a frontrunner in a decentralized game environment.
- It is launching three new games in late July.
- How will it end this year?
- Our price prediction says ILV could reach $180.42 in 2025.
As the GameFi sector explodes, one question burns bright: will Illuvium (ILV) soar alongside it?
Can ILV capture the hearts (and wallets) of gamers? Will its unique blend of monster-collecting, open-world RPG, and blockchain integration propel it to new heights? Or will it fall victim to the ever-shifting sands of the crypto market?
Illuvium is set to launch its triple-title ecosystem on Thursday, July 25, 2024, featuring three interconnected games focused on exploration, material harvesting, and conquest within a unified universe.
Backed by over $100 million in funding and supported by talent from major gaming companies like Blizzard and Ubisoft, the ecosystem allows progress and items to carry over between games, enhancing the player experience.
The main title, Illuvium: Overworld, involves exploring and collecting alien species called Illuvials. Illuvium: Arena lets players use their Illuvials in a real-time strategy environment to level them up. Illuvium: Zero is a land-builder game where players collect resources, including fuel, essential for the ecosystem.
Last month, Illuvium secured $12 million in Series A funding to support its Ethereum-based gaming universe. Additionally, Immutable launched “The Main Quest,” offering up to $50 million in token rewards to boost gamer engagement.
Will the new products boost sentiment over ILV?
On July 24 2024, Illuvium was worth about $69.44.
Illuvium did not respond to a request for comment.
Let’s take a look at our Illuvium price predictions, made on July 24, 2024. We will also examine the Illuvium price history and talk a little about what Illuvium is and what it does.
Illuvium Price Prediction
Let’s examine some of Illuvium price predictions CCN.com made on July 24, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum ILV Price Prediction | Average ILV Price Prediction | Maximum ILV Price Prediction | |
|---|---|---|---|
| 2024 | $62.56 | $135.78 | $150.87 |
| 2025 | $149.45 | $167.01 | $180.42 |
| 2030 | $469.08 | $512.22 | $520.24 |
Illuvium Price Prediction for 2024
If the positive momentum continues and ILV breaks above its moving averages, it could reach targets between $62.56 and $150.87 by the end of 2024, with the average price set at $135.78.
Illuvium Price Prediction for 2025
Technical analysis suggests a potential increase for Illuvium in 2025. The minimum ILV price expected for 2025 is $149.45 while the maximum one is $180.42. On the other hand, the average forecast suggests it may reach $167.01.
Illuvium Price Prediction for 2030
Based on technical analysis, the ILV token may reach a maximum level of $520.24 at the beginning of the next decade, while, in the worst scenario, it may go to $469.08. Meanwhile, the average expected price is $512.22.
Illuvium Price Analysis
The current technical indicators for Illuvium show a bearish trend, with the RSI at 32.24 and the MACD at -517.37. The Stochastic is in the oversold territory at 8.8, as are the CCI at -214.24, Williams %R at -90.18, and MFI at 8.09.This suggests potential for a rebound.
The Rate of Change (ROC) is also bearish at -30.97. The token is experiencing high volatility with an ATR of 791.29, and a strong trend indicated by an ADX of 43.8.
The Bollinger Bands show the upper band at 7,152.53, the lower band at 4,376.8, and the SMA20 at 5,764.66..
Short Term Illuvium Price Prediction
The Illuvium price prediction for the next 24 hours sees the price to rise by 6% before accelerating for the next month, when it is expected to increase by 227%, reaching $226.94 by August 23, 2024.
Despite this positive outlook, technical indicators currently show a Bearish sentiment, and the Fear & Greed Index stands at 69, indicating Greed.
Over the past 30 days, Illuvium has experienced 17 out of 30 green days (57%) with a price volatility of 8%. Based on this forecast, now is not a favorable time to buy Illuvium.
Illuvium Relative Strength Index (RSI): Is ILV Oversold or Undersold?
Illuvium Price Performance Comparisons
| Current Price | One Year Ago | Price Change | |
|---|---|---|---|
| Illuvium | $69.44 | $39.6935 | +72% |
| Immutable | $1.53 | $0.7074 | +107% |
| Axie Infinity | $6.01 | $6.0242 | -5.8% |
| Decentraland | $0.3317 | $0.3863 | -17% |
How Do We Make an Illuvium Price Prediction?
Our price prediction for Illuvium combines technical analysis tools and recognizes the logic in price cycles. We usually use the Relative Strength Index, Fibonacci, and other main technical analysis tools. Applied to the Illuvium-specific time-frames and its price history, we can come up with the targets, but the further we project, the less accurate they are. This is because they depend on what happens in between.
Best Days and Months to Buy Illuvium
We took a look at the Illuvium price history and found the times when the price was at its lowest across certain days, months, quarters and even weeks in the year, suggesting the best times to buy ILV.
| Day of the Week | Wednesday |
| Week | 6 |
| Month | November |
| Quarter | Third |
Illuvium Price History
Following that, let’s now take a look at some of the key dates in the Illuvium price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an Illuvium price prediction.
| Time period | Illuvium price |
|---|---|
| Last week (July 17, 2024) | $67.9985 |
| Last month (June 24, 2024) | $63.2976 |
| Three months ago (April 24, 2024) | $104.81 |
| Last year (July 24, 2023) | $39.6935 |
| Launch price (April 1, 2021) | $47.3129 |
| All-time high (December 1, 2021) | $1,846.88 |
| All-time low (December 17, 2022) | $39.71 |
Illuvium Market Cap
The market capitalization, or market cap, is the sum of the total number of ILV in circulation multiplied by its price. On July 24, 2024, Illuvium’s market cap was $311.6 million, therefore making it the 168th largest crypto by that metric.
Who Owns the Most ILV Tokens?
On July 24, 2024, a wallet held 33.98% of the supply of ILV.
Richest ILV Wallet Addresses
On July 24, 2024, the five wallets with the most ILV were:
- 0x6bd2814426f9a6abaa427d2ad3fc898d2a57adc6. This wallet held 2,823,549 ILV , or 33.98% of the supply.
- 0x58c37a622cdf8ace54d8b25c58223f61d0d738aa. This wallet held 1,003,695 ILV, or 12.08% of the supply.
- 0x7f5f854ffb6b7701540a00c69c4ab2de2b34291d. This wallet held 991,355 ILV, or 11.93% of the supply.
- 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 432,424 ILV, or 5.20% of the supply.
- 0x68c26c50c0ed0c791e73768f1bc2877df7587f59. This wallet held 335,816 ILV, or 4.04% of the supply.
Illuvium Supply and Distiribution
| Supply and Distribution | Figures |
|---|---|
| Total supply | 8,309,357 |
| Circulating supply (as of July 24, 2024) | 4,482,113 (50% of total supply) |
| Holder distribution | Top 10 holders owned 74% of total supply, as of July 24, 2024 |
From the Illuvium Whitepaper
Illuvium is a decentralized open-world RPG that is built on the Ethereum blockchain. The game features a unique blend of exploration, creature collection, and strategic battles. Players can collect and trade creatures, as well as use them to battle other players.
The game’s native token, ILV, is used to purchase in-game items and to participate in governance. The game is built on a decentralized protocol, which means that it is not controlled by any single entity.
Illuvium (ILV) Explained
Illuvium is an open-world adventure role-playing game (RPG) built on the Ethereum blockchain. In this game, players explore a vast and vibrant world, capture creatures called Illuvials, and train and battle them against other players or AI opponents. Illuvium is unique in that it combines the excitement of traditional RPGs with the ownership and trading mechanics of blockchain technology.
How Illuvium Works
Illuvium is an open-world adventure role-playing game (RPG) built on the Ethereum blockchain. In this game, players explore a vast and vibrant world, capture creatures called Illuvials, and train and battle them against other players or AI opponents. The game features a unique blend of exploration, creature collection, and battles.
Is Illuvium a Good Investment?
It is hard to say. The token has been around for about four years now, and its price has increased only over recent weeks. However, it’s now a lot down from its all-time high, reached in December 2021, but most of its future depends on several factors.
Much of ILV’s fate depends on new products, set to be launched on Jul 25, 2024.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Illuvium.
Will Illuvium go up or down?
No one can really tell right now. While the Illuvium crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Illuvium?
Before you decide whether or not to invest in Illuvium, you will have to do your own research, not only on ILV, but on other, related, coins and tokens such as The Sandbox (SAND) and Gods Unchained (GODS). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
FAQs
Will ILV reach $1,000?
It might, but not soon. According to price predictions based on technical analysis, it is expected to reach $1,000 in the next decade.
Keep in mind that ILV has already traded above that threshold. The last time it happened was in January 2022.
What is Illuvium used for?
Illuvium is an immersive open-world fantasy RPG that blends traditional gaming elements with the exciting world of decentralized finance (DeFi). Players embark on an epic adventure, exploring a vast and vibrant realm teeming with powerful creatures known as Illuvials. These captivating beings, each possessing unique abilities and appearances, can be captured, trained, and evolved to become formidable allies in strategic turn-based battles.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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