Illuvium (ILV), which has been shown among the projects that have attracted attention recently in the metaverse and blockchain-based game market, aims to be a first in this field. This project, which is a game token, aims to combine all the possibilities of the metaverse under one roof and present it to the end-user. Developed by directly targeting players, Illuvium (ILV) project is based on an ecosystem where players can earn profits and trade with various in-game items.
Illuvium (ILV) Will be the First AAA Game in the Crypto Market.
Illuvium (ILV) is a planned initiative on Ethereum (ETH) blockchain technology. The project aims to be the first AAA game built on this blockchain. Illuvium is trying to keep the social and commercial pillars of the ecosystem strong, especially by appealing to a large player base.
The Illuvium (ILV) project, which started to be developed in 2020, is planned as an open-world PVP game. This project, whose promotions and marketing efforts attract a lot of attention, has already managed to attract the attention of thousands of players. In particular, the increasing interest in the metaverse area makes this project frequently discussed among the players.
Illuvium (ILV) project is built on a rock-solid foundation. This game, which attracts attention especially because it is an open-world game, has the potential to receive VR support in the future. When all these are combined, it attracts serious demand, especially from those who want to invest in the metaverse world.
In Illuvium (ILV), each user is scheduled to be given a unique NFT. These avatars, which will take place in the ecosystem and can be traded in the NFT market called IlluviDEX, have been determined as the main economic element of the game. There are no gas fees in shopping transactions to be carried out within the ecosystem. Likewise, it is stated that players can develop their NFT avatars to obtain different features.
What About the Reserves of The Project?
In addition to a decentralized NFT Market, 30% of the total supply of 10 million ILVs is reserved for yield farming. Various awards and different activities are planned to encourage users to yield farming. In this way, it is foreseen that the ecosystem’s liquidity needs will be provided. In the yield farming system that exists in the project, ILV tokens must be locked for a year to receive the reward. However, for the ecosystem to function more stable, users can also use a secondary commodity called sILV at any time. Players who leave yield farming with sILV can evaluate their earnings by spending them in the ecosystem.
Illuvium (ILV), a remarkable metaverse project with its detailed project and experienced developer team, has attracted the attention of many investors even though it is a new project. Although it is a token that has lost value recently, it is predicted that the project will reach much better places in the future.
Illuvium (ILV) has had an interesting price elasticity on its charts for the past year. The token, which was traded at the lowest value of around $29.77 last year, has seen the highest level of $2868.95. The previous month saw the lowest price of $267.39 and a peak of $ 522.10. Having broad price flexibility, ILV is closely affected by the developments announced in the metaverse universe.
The Direction of Illuvium (ILV) In the Crypto Market
Illuvium (ILV) investors prefer long-term investments, especially since the project is new. According to market analyzes and surveys, it can be seen that long-term investors tend to hold the tokens they buy for an average of two years.
ILV has a market capacity currently hovering around $190 million. The average daily trading volume varies between $15 and $16 million. The main reason for the low trading volume is that investors prefer this coin as a long-term investment.
ILV has a pretty strong support point. When the price charts for the last 90 days are examined, the first support point is $260. The first resistance point for the token is around $300. This resistance point may be broken in the medium term with the right marketing strategy of the developers and the developments that may occur in the metaverse field.
Illuvium (ILV) has a price elasticity of $20 on the daily average. It can create suitable opportunities for day trading thanks to its wide flexibility and unexpected price movements.