Illuvium has been climbing upwards steadily but the bullish momentum was strengthened as the cryptocurrency embarked on a steep incline. During the day, ILV started off with a price of $1,060 and climbed as high as $1,581. At the time of writing, the cryptocurrency stands at a price level of $1,542. The token has surged by more than 40% with a similar weekly performance. The daily trading volume has gone up by more than 500%. The token stands at a market rank of #222 with the capitalization growing in tandem with the price increase.
Beta version to be released
Illuvium has garnered a lot of attraction. Polemos is a play-to-earn gaming guild and it has recently focused its attention on the project. Polemos was able to raise $2 million in strategic funding which will be invested in play-to-earn games like Illuvium. The fund had some notable investors like Delphi Digital, 1inch, Aave etc. The development of the game is going full force especially with the fund. Beta version of the game is expected to be launched in the first quarter of 2022.
Guilds like Polemos plays a vital role in the development of the metaverse and success of metaverse projects. Polemos is working arduously to build a multi-layered network before the game is released. Moreover, it is also focusing on onboarding other major players like the online gambling operator Asian Logic. The users on the gambling operator will become a guild group with others sourced from various communities. In short, Polemos efforts will ensure a smooth launch of the beta version of Illuvium in the first quarter of 2022.
Illuvium – Future outlook
Illuvium is a blockchain-based game an open-world and role-play setting. Users of the game collect creatures called Illuvials each with unique characteristics called class and affinity. The game has a total of five classes and five affinities, each with its own strengths and weaknesses. Illuvials are strengthened by winning fights against other players. The creatures are essentially non-fungible tokens which can be sold and traded. The network has two tokens based on the blockchain of Ethereum.
The cryptocurrency is expected to continue its bullish roll in the upcoming days. NFT based games have been some of the hottest tokens in the market which is what makes Illuvium a good investment potential. It has strong fundamentals and the technical are further boosting it. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price of $2,185 while the five-year projection is at $4.987.