This blockchain game is yet to release, but it has millions of fans. The gaming community worldwide loves Illuvium. Releasing in the second half of 2022, Illuvium is the first-ever blockchain-based AAA game. This game is a 3D world where your goal is to capture Illuvials and battle other players. Without releasing the game, it costs $575 (INR 43,000.)
What is Illuvium game coin (ILV)?
The Illuvium coin (ILV) is the native currency of the Illuvium game. There is a maximum capped supply of ILV coins at 10 million. According to coinmarketcap, there are 0.65 million coins in circulation. Similarly, if the circulation reaches maximum supply, we might see the price escalate.
Illuvium game coin (ILV) cryptocurrency live price today as of 11th April 2022:
ILV price in INR – 43000 INR
ILV price in USD – 575 USD
Why should I buy the Illuvium game coin (ILV)?
Here are a few reasons you must consider investing in the Illuvium game (ILV) coin.
1. This is a high-quality and AAA-rated game. Expect popular gamers to hop into this immediately.
2. For an unreleased game, the price is very high. Imagine what happens when the game releases in a few months.
3. Finally, for a coin that pumped over 4,000% in 2021, there is tremendous scope for Illuvium to boost again.
What is the Illuvium game ILV coin used for?
Here are a few use cases of this coin that regular investors must know.
1. Staking the ILV coin to earn rewards.
2. Paying fees for transactions on the network.
3. Lending on different platforms to earn interest.
4. Use the token to trade NFTs, buy in-game items, and more.
How to buy Illuvium game coin ILV in India?
There are many cryptocurrency apps in the market where you can purchase the Illluvium ILV coin. However, I believe the best cryptocurrency apps in India are these 2 platforms that I have been using – Binance and WazirX.
I have read good Binance reviews from customers in India and abroad. Both Binance India and Wazir X are easy-to-use platforms, and I have never faced problems while depositing or withdrawing money.
Here are the basic steps you must follow on each cryptocurrency app.
1. Sign up
2. Add a Bank account
3. KYC verification
4. Deposit INR/USD in your wallet.
5. Start trading
Illuvium game coin ILV crypto price prediction:
In 2021, the Illuvium game coin grew from 3,500 INR to 144,000 INR, a whopping 4,014% increase. If you invested INR 10500 and bought 3 ILV coins, their value during that year would be INR 432,000.
In 2022, the cryptocurrency market is going through a bear phase. The Illuvium game coin has fallen to INR 43,000 today. Hence, price predictions have taken a severe hit. However, if you believe in the Illuvium’s future game, I see them ending the year between INR 53,000 – INR 65,000 (20 – 50% growth.)
FAQs:
1. Is cryptocurrency legal in India?
Yes, cryptocurrency is legal in India. From 1st April 2022, if you buy any digital currency, you will incur a 30% + 1% TDS cryptocurrency tax in India.
2. Can the Illuvium game coin be converted to cash in India?
Yes. You can buy the Illuvium game coin on multiple currency exchange platforms in India. These platforms support buying the ILV coin in INR.
3. Is the Illuvium game coin a good investment in 2022?
Yes. As the game is still unreleased, I am sure, when it does, there will be a price war that can push the price of one coin to 70,000 INR.
4. Which is the best research tool for cryptocurrency online trading?
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