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Highlights
- Being an open-world fantasy game, Illuvium is dubbed the first AAA game on the Ethereum platform.
- According to CoinMarketCap, the Illuvium crypto on Monday saw a spike of 3.87% at the time of writing (BST 7:28 am), with its price touching US $1,172.56.
- Market experts believe that it has the potential to reach US $1,500 or more by the end of this year.
After seeing a prolonged spell of the bearish run, Illuvium (ILV) crypto seems to be up and running in the crypto market. After the bearish run, which started on 14 October, ILV has managed to bounce back strongly on the back of a rally on Monday. Illuvium had witnessed a similar trend in July when it managed to pull itself around after a period of the bearish run, and the rally continued till the first week of September.
Can Illuvium crypto go past $1500 by end of 2021?
According to CoinMarketCap, the Illuvium crypto on Monday saw a spike of 3.87%, with its price touching US $1,172.56 (BST 7:28 am). Volume-wise, it has investors showcasing interest in the crypto. Currently ranked 229 as per CoinMarketCap, the crypto has a 24-hour trading volume of $36,731,921 with a live market cap of US $753,199,001 with a circulating supply of 642,551 ILV coins.
Also read: Why is Hokkaido Inu (HOKK) crypto grabbing eyeballs?
Although the exact reason for the rally is still unknown, this would be good news for ILV investors. The market for various play-to-earn game projects, such as Axie Infinity, The Sandbox, Star Atlas and Illuvium, has grown exponentially since NFTs and metaverse marriage.
Why is Illuvium so popular?
Being an open-world fantasy game, Illuvium is dubbed the first AAA game on the Ethereum platform. Not only does it provide entertainment for casual gamers, but also to hardcore DeFi gamers as well, due to its various features.
The ILV token holders get a staking facility and earn rewards from the network. In the game, the players can capture Illuvials – the creatures of the game – and use them in battle and nurse them back to health. The game can be considered as a fusion between an open-world exploration game and a PVP battle game. Kieran Warwick and Aaron Warwick found that each Illuvial NFT can be easily traded on external exchange platforms and the gas-free IlluviDEX.
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Is it worth investing in Illuvium?
Illuvium has been making some serious waves in the market with the current rallies. It touched its all-time high of US$1,231on 2 November. But unlike Axie Infinity, Illuvium is a 3D game and with a story mode. Illuvium is an ideal investment for someone looking to invest in crypto with long-run gains in mind. ILV is available on leading exchanges such as Binance, Sushiswap, Gate.io.
It has already hit the right chord with investors and is quickly gaining popularity among fans of blockchain-based games. Market experts believe that considering its huge growth potential and growth of the blockchain-based game is witnessing of late, it has the potential to reach US$1,500 by the end of this year, and we could see ILV starting 2022 on a high note.
