Illuvium Price Prediction

The Play-to-Earn (P2E) model took the gaming industry by storm. In 2021, one of the most successful P2E games, Illuvium, saw an increase of more than 3,800% in the price of its native token, ILV. Nevertheless, the crypto winter of 2022 negatively impacted the ILV price. In 2023, ILV has not shown clear signs of recovery yet. Will this token be able to resurge in the coming years? Let us discuss it in the following Illuvium price prediction.

What Is Illuvium?

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. It describes itself as “A shattered land of beauty and wonder. Travel the vast and varied landscape hunting dangerous beasts, then capture them to battle in the Arenas or trade via the exchange.” It is often regarded as the first AAA game on Ethereum and the first-ever interoperable blockchain game (IBG), consisting of several interconnected blockchain-based games. Illuvium has been in development since 2020.

Illuvium is a 3D role-playing game with a storyline that reveals itself gradually. The game features a vast landscape inhabited by ‘Illuvials,’ creatures players can capture in battle. Each captured Illuvial can later be used to battle other players in the auto-battler gameplay. Players who do not want to get involved in player-versus-player (PVP) battles can spend their time exploring the game world, participating in quests and daily challenges. Alternatively, they can devote their time to building up their team of powerful beasts.

Each Illuvial is represented by a non-fungible token (NFT), which the owner can trade on Illuvium’s built-in decentralized exchange (DEX) platform named IlluviDEX. Users can also trade their Illuvium NFTs on external marketplaces or exchange platforms. Each Illuvial has specific attributes that determine their strength on the battlefield. These creatures get stronger with every victory, and players can enhance them with in-game items. Players can upgrade their beasts into an “ascended” form or fuse them to get more powerful forms. These enhanced Illuvials come in normal, holographic, and dark holographic variants, with the latter being extremely scarce.

Illuvium utilizes its native ILV token to reward players for their in-game achievements. The token is also used for governance through Illuvium's decentralized autonomous organization (DAO).

Illuvium (ILV) Overview

As of August 8, 2023, Illuvium traded at around $48.3, ranking as the 154th most valuable cryptocurrency per market capitalization on CoinMarketCap. The table below summarizes other relevant data for the same date.

Illuvium (ILV) Past Price Analysis

Illuvium hit the open market on March 31, 2021, at $47.3. A few days later, on April 5, this token traded at $99.7. For the following months, the ILV price fluctuated around the open price. However, during this period, the ILV token reached its all-time high of $2,868.9 on May 29 and its all-time low of $29.7 on June 22. Since mid-July, the ILV price embarked on an upward trend. On August 15, ILV traded at $517.6 and $1,759.1 on November 29. The ILV price dropped to $1,017.6 by the end of 2021.

In January 2022, the ILV price dropped sharply. This token traded at $797.1 on January 9 and $550.4 on January 27. During the next three months, the ILV price was relatively stable. However, ILV entered a downtrend in the first days of May. On July 12, the ILV price was $92.2. This token continued to lose value throughout the year’s remainder, ultimately closing 2022 at around $38.4.

During Q1 2023, the ILV price significantly increased, reaching $91.9 on February 7. However, since mid-April, the ILV price has mostly declined below its open price of $47.3. As of August 8, 2023, ILV sold at $48.3 per token.

Illuvium (ILV) Price Prediction

Illuvium Price Prediction for 2024

PricePrediction expects ILV to trade at $71.1 on average in 2024, with a potential maximum of $82.6. For its part, BitcoinWisdom predicts an average price of $105.8 and a maximum of $120.3. DigitalCoinPrice is more optimistic, forecasting an average ILV price of $118.3, which could climb to $124. So, your ILV investment at the current $48.3 could grow by +156% next year.

ILV Price Prediction for 2025

In 2025, the ILV token will be back on track, and its price will continue to expand. PricePrediction expects this token to trade at $105.4 on average, possibly reaching $121.9. BitcoinWisdom expects the average ILV price in 2025 to be $153.9, with a maximum of $168.4. For its part, DigitalCoinPrice forecasts an average ILV price of $157.3, which could reach a maximum of $171.5. Your ILV investment at the current trading price of $48.3 could increase its worth by +255%.

ILV Price Prediction for 2030

In the long run, the ILV will significantly increase. BitcoinWisdom expects the ILV token to trade at $394.5 on average in 2030, possibly reaching $408.9. DigitalCoinPrice predicts an average price of $494.5 and a maximum of $501.2. PricePrediction is much more optimistic, indicating an average ILV price in 2030 of $689, with a potential maximum of $793.7. Hence, if you invest in ILV at the current price of $48.3, your investment value could grow by +1,543% in 2030.

Conclusion

Illuvium is one of the most promising P2E games in the market nowadays. The gaming industry is very competitive, and games must be highly innovative to stand out. Illuvium has what it takes to ensure a bright future in the emerging P2E gaming niche. One might expect the ILV token to have a bright future too. While most price predictions indicate the ILV price will increase in the coming years, you should research this asset thoroughly before investing.

FAQs

Is Illuvium (ILV) a good investment?

It might be. Most price predictions indicate the ILV price will increase in the coming years. However, many unforeseen factors could impact the crypto market, making actual future prices differ from forecasts.

Should I invest in Illuvium (ILV)?

Investing in cryptocurrencies is a risky endeavor. Hence, only you can decide whether ILV is a good addition to your investment portfolio. Research this asset beyond price predictions, and only invest what you can afford to lose.

Where can I buy Illuvium (ILV)?

Several exchanges list ILV for trading. If you want to buy or swap this token at competitive rates, LetsExchange.io is the best option.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.