There are only 9 million of it, and its price has dropped to the lowest level of 9 dollars, while its issuance price was 50 dollars. I expect that those who buy it and are patient will achieve good profits from it.

#ILV
What is the ILV token?
$ILV



ILV is a token associated with the NFT and blockchain-based game Illuvium, used for governance, rewards, and in-game purchases.
Illuvium is an electronic game based on blockchain technology, integrated with a "play-to-earn" style, relying on collecting NFT creatures called Illuvials, used in battles and exploring various environments within the game's virtual world. It operates on the Ethereum network and uses Immutable X to facilitate gas-free transactions.
The ILV token is used for multiple purposes within the platform:
Participating in governance through DAO.
Staking for returns from game revenue.
Buying in-game items, such as NFTs, or as sILV (a virtual version used instantly within the game).
Price performance and current state
The current price is trading around an average of $17.6–$17.7.

The currency peaked in March 2024 at about $163, but has seen a sharp decline since then.

Is speculating on ILV worthwhile today?

Price volatility makes it suitable for risk-takers seeking short-term profits.

There are conflicting technical signals: some analyses indicate a bearish trend, thanks to the weekly MACD indicator, for example.

From a fundamental perspective, the presence of multiple uses for the token within the game's ecosystem could support its value in the medium to long term.
#iluvium
#DeFiGetsGraded
#BTCReclaims120K