Illuvium (ILV) Price Prediction: Will ILV Price Hit $60 Soon?

• Bullish ILV price prediction ranges from $28 to $83.
• ILV price might also reach $60 this 2023.
• ILV’s bearish market price prediction for 2023 is $33.96.

Illuvium, according to some, is one of the most amazing cryptocurrencies to rise this year (ILV). 

The Ethereum blockchain-based fantasy role-playing game Illuvium was created by the Illuvium DAO, a decentralized autonomous organization. A decentralized, NFT collection and auto battler game developed on the Ethereum network, the game was launched in January 2021.

If you are interested in the future of Illuvium (ILV) and would want to know the price analysis and price prediction of ILV for 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Illuvium (ILV)?

The open-world fantasy war game Illuvium was created on the Ethereum network. Illuvium, which is sometimes hailed as the first AAA game on Ethereum, aims to satisfy both casual players and die-hard DeFi aficionados with a variety of collecting and trading features.

Illuvials are creatures who live in the realm of Illuvium. Players who defeat them in combat can catch them and heal them. They then become a dedicated component of the player’s collection and may be employed in Illuvium’s auto-battler gameplay to engage in combat with other explorers.

The game combines elements of PVP combat and open-world exploration. Players have the option of exploring the vast game environment or assembling a squad of formidable monsters.

Illuvium has been under development since 2020 and is being created by a global team of more than 40 people, including the co-founders, brothers Kieran Warwick and Aaron Warwick, who are both skilled game designers and early adopters of cryptocurrencies. (And who, by chance, are Kain Warwick’s brothers, the co-founder of the DeFi platform Synthetix.)

The Illuvium ecosystem makes use of the ILV token in a variety of ways. It is the primary currency used to award players for their in-game accomplishments, grants access to the Illuvium Vault, and allows players to take part in the game’s administration through the Illuvium decentralized autonomous organization (DAO).

Each Illuvial is represented by a distinct non-fungible token (NFT), which is available for free trading on third-party exchange platforms and the gas-free IlluviDEX (more on this later). They are available in regular, holographic, and dark holographic varieties, the latter of which is far rare, and they may also be combined into more potent versions.

There will be several income streams in the game, but the majority will come from in-game sales of goods, crafting materials, cosmetics, and shard curing. Through an ILV repurchase scheme, all of this revenue is disbursed as incentives to individuals who stake ILV tokens.

Illuvium, in contrast to the majority of other blockchain-powered games, has a fully 3D world with over 100 distinct Illuvials strewn throughout its many locations. Each Illuvial is created by a group of top-tier designers to appeal to players used to high-end retail games.

In addition, it has a variety of features that set it apart from both other blockchain-enabled games and AAA games. These consist of:

Illuvium is built on Immutable X (IMX), a layer-2 technology intended to enable the growth of applications with NFT capability, even if it is protected by Ethereum. Illuvium guarantees participants may mint and trade their NFTs with no gas fees and nearly instantaneous transaction finality by utilizing Immutable X’s capabilities. While using IMX, players always retain ownership of their assets.

The decentralized exchange (DEX) platform incorporated within Illuvium is fittingly called the IlluviDEX. This may be used to exchange illuvium assets, such as illuvial NFTs, in a trustworthy manner. Each sale is subject to a 5% charge that goes into the rewards pool for ILV stakers.

Yield Farming: The Illuvium yield farming program is given a total of 3 million ILV or 30% of the maximum supply (10 million). These will be awarded over three years to customers who provide liquidity via other partner incentive programs.

The Ethereum blockchain provides Illuvium’s security, and Immutable X supports its network (IMX). A layer-2 solution called IMX makes it possible for apps with NFT capabilities to operate more rapidly. As a result, Illuvium is one of the Ethereum network’s most stable and scalable games.

Analysts’ View on Illuvium (ILV)

A crypto trader on Twitter tweeted that he will enter a long position after breaking out of the descending triangle and his target is $60. 

$ILV/USDT $ILV is in the formation of descending triangle pattern as well as double bottom pattern. If price breaks the downtrend line then buy it for the target of 60$. pic.twitter.com/reeDyAcerj

— 🦧Mr. APE aka GEM Hunter💎 (@deg_ape) January 3, 2023

Another crypto analyst tweeted that he is interested to invest in all metaverse projects and Illuvium is in the top 3 list.

I’ll be heavily investing into metaverse related projects in 2023.

To start it off, I just picked up these 3 $GALA @GoGalaGames $ILV @illuviumio $SAND @TheSandboxGame

All 3 of these are 90% or more down from their ATH’s with extremely solid foundations behind them pic.twitter.com/Xue8OtGEPA

— AxiS.eth (@CryptoKingAxiS) December 27, 2022

Illuvium (ILV) Current Market Status

According to CoinMarketCap, Illuvium (ILV) has been trading at $39.54, with a 24-hour price change of an increase of 1.63%. Moreover, Illuvium’s trading volume was down by 9.93% in the past 24 hours and now sits at $3,890,465. The circulating supply of Illuvium (ILV) is 1,966,943 ILV while the total supply is 10,000,000 ILV.

Meanwhile, the most popular cryptocurrency exchanges to buy, sell, and trade Illuvium (ILV) are Binance, Coinbase, KuCoin, Sushiswap, Illuvium, OKX, Gate.io and others.

Illuvium (ILV) Price Analysis 2023

Currently, Illuvium (ILV) has been ranked 191st place on CoinMarketCap. Will developments and upgrades within the Illuvium (ILV) community lead to a rise in the price of Illuvium (ILV)? We shall see this in this CoinEdition price analysis 2023 article.

Illuvium (ILV) Price Analysis- Keltner Channel

By keeping an eye on volatility above and below the candlesticks, the Keltner Channel is a technical analysis indicator used to determine trend direction. Because the most recent candlesticks are gradually reversing from the middle of the Keltner Channel, it indicates that the present bear run may pause for a while. Additionally, the present decrease in the price of ILV may continue until any turnaround is anticipated due to the bullish nature of the most recent candlestick.

Illuvium (ILV) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that determines if an asset is oversold or overbought by measuring the relative momentum in the size and speed of recent price fluctuations. Illuvium (ILVRSI )’s value on the 1-day chart of ILV/USDT is 44.66. This indicates that ILV is gaining more market volatility because it is slowly reaching the zone of RSI value between 50 and 70. To reduce risk, investors should wait for a clear confirmation before entering the trade.

Illuvium (ILV) Price Analysis – Moving Averages

The 1Day chart of the ILV 200-day and 50-day Moving Averages is shown above (MA). ILV is now in a negative trend, as seen by the recent downturn. Because the 200-MA is above the 50-MA, we may conclude that the price is negative for long-term investors. But the candlesticks are slowly returning to touch the 50-day MA, meaning that there is a chance of the market showing reversal signs to initiate a bull run.

Illuvium (ILV) Price Prediction 2023

The above 1-day chart of ILV/USDT states that ILV has been in the bearish era since 2021 December. Looking at the chart, ILV is now in the descending triangle. Due to the nature of the descending triangle, investors and traders need to wait for clear breakouts to one side of the trendline. If it breaks the upper trendline, it is more advisable to take a long position on ILV. 

However, if it breaks the lower trendline, hodlers can do the DCA to accumulate more ILV. If ILV cannot break its current support and bottom, we can expect ILV bulls to initiate their era and raise ILV’s price to reach $63.51.

Illuvium (ILV) Price Prediction – Resistance and Support Levels

The bearish chart shows that ILV has a lot of price fluctuations in 2021 and 2022. Zoning out the chart shows that ILV’s price has been declining a lot since December 2021. Now ILV has been trading at $39.80. During the previous 30 days, ILV has swung between $38.12 and $52.33. If ILV bears cannot gain their foot in the market anymore, ILV will rise from its current support. 

Moreover, if buyers have their way, the price of ILV might be rising from its present downtrend position. In simpler terms, ILV might trend above the $60 level, and even higher in 2023, a bullish signal.

Illuvium (ILV) Price Prediction 2024

Illuvium (ILV) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $112, making it not plummet but play consistently.

Illuvium (ILV) Price Prediction 2025

Illuvium (ILV) prices might grow past $180.7 during the next two years. Furthermore, hitting this level might not be so tough for ILV due to a new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, ILV has a strong chance of reaching a new all-time high (ATH) price.

Illuvium (ILV) Price Prediction 2026

ILV, meanwhile, appears to have reached it’s low right now. Since it cannot break the present low zone, our long-term ILV price projection for 2023 is optimistic. If ILV is unable to overcome its present support and bottom, ILV bulls will likely take control of the situation and drive up the price of ILV until it reaches $274.1.

Illuvium (ILV) Price Prediction 2027

ILV appears to have hit bottom right now, in the meanwhile. Since the price of the ILV cannot break the present low zone, our long-term projection for 2023 is optimistic. We may anticipate ILV bulls to rule the roost and lift the price of ILV to hit $401.8 if it is unable to break through its existing support and bottom.

Illuvium (ILV) Price Prediction 2028

Illuvium (ILV) prices might grow past $558.4 during the next six years. Furthermore, hitting this level might not be so tough for ILV due to the new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered.

Illuvium (ILV) Price Prediction 2029

Illuvium (ILV) prices might grow past $815.7 during the next seven years. Furthermore, hitting this level might not be so tough for ILV due to a new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered.

Illuvium (ILV) Price Prediction 2030

Illuvium (ILV) prices might grow past $1123.5 during the next eight years. Furthermore, hitting this level might not be so tough for ILV due to a new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered.

Illuvium (ILV) Price Prediction 2040

According to our long-term ILV price estimate, ILV prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $2808 by 2040. If the market turns bullish, the price of ILV could go up beyond what we predicted for 2040.

Illuvium (ILV) Price Prediction 2050

According to our ILV forecast, the average price of ILV in 2050 might be above $6741. If more investors are drawn to ILV between these years, the price of ILV in 2050 could be far higher than our projection.

Conclusion

As said above, Illuvium (ILV) might reach above $60 in 2023 and $1123 by 2030 if investors have decided that ILV is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Post Views: 26