In this article: Hide
UPDATED 01.02.2022 Illuvium (ILV) traded at $628.14, with a 10% daily recovery. Trader attitude was neutral, with mixed signals on price direction. ILV may get a boost after the launch of the closed beta testing coming soon. Currently the game is whitelisting potential early players, while working on functionalities and game art.
UPDATED 24.01.2022 Illuvium (ILV) continued to distance from peak levels. ILV sank to $507.76, with ongoing daily weakness. ILV has traded under $100 and at this point a prolonged bear market could erase most ILV gains.
The Illuvium game is launching closed beta soon, possibly triggering a recovery in case markets lose the downward momentum.
Illuvium (ILV) has set a high per-unit price for the game’s native asset. ILV followed the overall market trend of backtracking in the past months, raising questions on its potential to break the trend and establish a higher price.
ILV traded at $764.98, down from a December peak above $1,860. ILV is also a thinly traded asset with a small supply, mostly intended as adding to the Illuvium game ecosystem. ILV trading is just above $28M, lagging behind the activity of other play to earn tokens.
ILV Price Prediction: Will Trading Pick Up
ILV is predominantly held in wallets with an age above one year, holding a relatively small supply of the total ILV to be minted. The ILV circulating supply is only 6% of the total planned supply.
ILV can be staked for passive rewards, with $1.15B in value currently locked in pools. The Illuvium game has distributed more than $1.18M in rewards.
ILV Price Prediction: Will Metaverse Land Sales Boost This Game
Illuvium is one of the games with the most active metaverse land sales. The relatively high prices for NFTs on OpenSea are the result of a recent gold rush to buy up digital land plots on several leading games.
The Illuvium game is still gaining players, with DappRadar showing variation in player interest. Illuvium is played by a few hundred players at the busiest times, showing a disparity between the NFT side of the game and the real gameplay.
ILV Price Prediction: New Staking Version Coming
As of January 20, 2022, Illuvium has stopped staking rewards temporarily to move to a new version of the liquidity pools. The need to move tokens may cause temporary disruptions or price fluctuations.
Stakers with ILV remaining in Version 1 liquidity pools will have to wait for weeks for the new launch to claim their accrued rewards.
ILV Price Prediction: Upgrades Coming in 2022
Despite its low activity, the ILV token may have reasons to break out in the coming months. The Illuvium game will also reach major milestones and shows signs of an actively working team.
Illuvium is expected to release a closed beta for gameplay, as well as fully develop its metaverse land plots to be usable within the game.
ILV is also recovering from a recent Discord exploit, where a copied server sent users to a site where some bought a fake airdrop.