Illuvium has been taking the GameFi industry by storm with its recent gaming release, leading to the recent 130% growth of Illuvium’s $ILV token. What else could be in store for the franchise?
With its latest releases, illuvium, the sci-fi blockchain game, has been making waves in the gaming world. We recently saw the release of the highly anticipated Illuvium: Overworld, its third-person RPG adventure game, and Illuvium: Zero, a strategic builder game.
These games have received overwhelmingly positive feedback, sparking a growing excitement for blockchain games alike.
Taking a look at The platform’s native token, $ILV price action, it has experienced an impressive 130.15% growth in the last 30 days, driven by the successful launch of the Illuvium overworld game and the release of new virtual lands.
Fan Reception
The Illuvium overworld game and virtual lands have been praised for pretty much one thing – blockchain games are indeed capable of producing AAA game titles. Blockchain games enhance the player experience by allowing users to own, trade, and manage their in-game assets in a decentralized manner.
This creates a new level of player ownership and control, something that has been lacking in traditional gaming platforms. The success of the game and virtual lands have driven a surge of interest in the Illuvium platform, resulting in a significant increase in the demand for $ILV.
In addition to the overworld game and virtual lands, the Illuvium team has been making a series of updates and additions to its platform, keeping its community in the loop. The platform has recently introduced improvements to in-game physics and added support for more animations for each individual Illuvial ( these are Illuvium creatures!). These updates, along with the success of the overworld game and virtual lands, have further fueled the growth of $ILV.
Token Price Behavior
It’s important to note that while the $ILV token has experienced a significant increase in value in the last 30 days, the crypto market is inherently volatile, and there is a risk involved with any investment. Compared to last year’s crypto market high, the token is still down 84.78% compared to its price during the crypto bull market of last year, reminding investors of the risks involved in the crypto market.
From a technical analysis perspective, $ILV has been trading within a strong uptrend, with higher highs and higher lows, suggesting a bullish sentiment among investors. The token is currently the top trending token and the top growing volume amongst all NFT games, according to DeGame, a GameFi data tracking platform.
Final Thoughts
Illuvium is set up to become an iconic addition to the roster of games within the GameFi industry. Investors and Gamers alike can’t wait to see what the Illuvium team has in store for us in the years to come.
You can check out Illuvium’s Twitter to stay updated on the latest developments such as updates and events. Stay tuned at Blockzeit to know the latest GameFi trends and in-depth web3 analysis.
Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.
