Latest Illuvium news

  • Morgan Stanley: Proof-of-Stake Won't Fix Ethereum's Problems, But There Is A Silver Lining

    A transition to a fully proof-of-stake (PoS) consensus mechanism, dubbed "the merge" by cryptocurrency enthusiasts, won’t fix Ethereum’s (CRYPTO: ETH) issues, according to CoinDesk citing a Morgan Stanley analyst report. What Happened: A switch to PoS will not address the network’s scalability issues pertaining to its low transaction throughput and high transaction costs. The merge will also make ETH miners redundant and slow the demand for graphics processing units (GPUs), the analysts added. See Also: Ethereum To Test Merge With Ropsten By The End Of Tomorrow: But What Does It Even Mean? "Cryptocurrency mining had a dramatic impact on the gaming graphics markets in the last 18 months, driving an estimated 14% of revenue in CY21 but also substantially contributing to a major graphics shortage which boosted overall mix and pricing," read the report. These estimates were based on NVIDIA Corporation’s (NASDAQ: NVDA) massive decline in revenue from its Crypto Mining Processor (CMP) product line reported earlier this year, along with data from Advanced Micro Devices Inc.’s (NASDAQ: AMD) earnings report. Most ETH miners will sell used GPU equipment because it will not be possible to mine other cryptocurrencies. However, there is a silver lining: proof of stake is more sustainable since it uses 90% less energy. See Also: What Is Cryptocurrency Mining? Price Action: According to Benzinga Pro, ETH was trading at $1,206 at press time, down 1.74% over the last 24 hours. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Dogecoin Daily: No Sign Of Market Woes Ending But There's A Silver Lining

    Dogecoin (CRYPTO: DOGE) traded 2.9% lower at $0.05 over 24 hours leading up to early Wednesday morning. DOGE crashed alongside other major coins as the global cryptocurrency market cap declined 2.4% to $939 billion at press time. While there was no end in sight for the bear market, there's optimism around a new product launch related to Dogecoin. Dogecoin Price Performance Time-frame % Change (+/-) 24-hour -2.9% 24-hour against Bitcoin 0.4% 24-hour against Ethereum 4% 7-day -32% 30-day -40.3% YTD performance -69.7% See Also: How To Get Free Crypto The DOGE Factors DOGE was among the most mentioned coins on Twitter at press time, according to Cointrendz data. The three most mentioned coins were Bitcoin, Ethereum, and Cardano The 24-hour DOGE trading volume fell 32% to $764 million, according to CoinMarketCap. Trading View data indicates DOGE’s relative strength index was at 22.05 at press time. An RSI below 30 is considered to be “oversold.” Data from Coinglass indicates that $1.5 million worth of DOGE was liquidated over 24 hours as the price of DOGE fell sharply. Crypto Remains Under Pressure Cryptocurrencies remain under pressure ahead of a key interest rate policy announcement by the U.S. Federal Reserve on Wednesday. OANDA Senior Market Analyst Edward Moya said that the apex coin traders “better be buckled” as a hawkish decision could put pressure on the asset. Rumors swirled Tuesday that Singapore-based hedge fund Three Arrows Capital was going bust. The co-founder of 3AC Zhu Su gave pace to the rumors by tweeting that he was “fully committed to working this out.” Major Dogecoin Project Coming Up Libdogecoin v0.1, a dogecoin building blocks repository that will help people to build DOGE products of their own, is nearing release, according to Michi Lumin. Libdogecoin will allow users to create compliant products without having to deal with cryptocurrency functions and their specifics.  DOGE On The Web Dogememegirl, a graphic artist with the Dogecoin Foundation said that the first Big3 basketball league game featuring the Aliens will take place on June 19. The Aliens are sporting DOGE logo on their jerseys, as per an earlier report.  Go @big3aliens ! Representing #Doge in the @thebig3 basketball league  first game coming soon, on June 19th! Alien team as well as other Doge promotion banners are available for download on the website.https://t.co/KiWMDkwrYf #Dogecoin #Dogefam #Dogearmy pic.twitter.com/klUieNWVYh — Dogememegirl  (@Dogememegirl) June 13, 2022 Gokhshtein Media CEO and DOGE-bull David Gokhshtein asked his followers if they picked up more of the meme coin as its price slid to 5 cents on Tuesday. Did anyone pick up more $DOGE at $0.05? — David Gokhshtein (@davidgokhshtein) June 14, 2022 Read Next: How Low Does Bitcoin Have To Fall Before MicroStrategy Is Forced Out Of Its Massive Pile Of Coins? © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Top 3 Altcoins For June 2022: ILV, GALA and COPI
  • Silvergate Company Intelligence

    Quick Take $2.5bn Market Capitalization as of June 2022 following their Nov-19 initial public offering  La Jolla, California based commercial bank operating since 1988 with expansion into digital assets starting in 2013  Operates the Silvergate Exchange Network (SEN), allowing clients to convert between stablecoins and fiat 24 / 7 / 365 SEN Leverage product provides SEN clients U.S. denominated loans collateralized by Bitcoin holdings Provides digital asset clients with crypto custody with partnerships with Coinbase Custody and Fidelity Digital Assets Dec-21 announcement of EJF Silvergate Ventures Fund, a joint investment vehicle with EJF Capital focused on early-stage investing Recently acquired intellectual property (IP) and other technology assets from the Diem Group related to operating a blockchain payment networks

  • Top 3 Metaverse Altcoins For June 2022: ILV, REALM, and GAIA
  • New Open-Source Twitter Competitor In Town: Interview With Aave's David Silverman On Lens Protocol For Decentralized Social Media

    The recent $40 million dollar bid for Twitter Inc. (NYSE: TWTR) from Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk highlighted the need for an open-source social media protocol for some.  Transparency is one of the fundamental principles of public blockchains and something that many early backers of Bitcoin (CRYPTO: BTC) have been attempting to bring to the internet-scale for more than a decade. The advent of Ethereum (CRYPTO: ETH) and smart contract blockchains has provided a platform for decentralized social media protocols.  Benzinga talked to David Silverman, an Aave employee and Lens project manager, on launch day at Permissionless. “Lens is a decentralized web3 social graph and a lot of people think we're adding blockchains and, you know, apps for no reason," Silverman told Benzinga. "I think that social is unique case where it makes sense to add a blockchain currently." "Today, the closest thing I would point to as an analog to lens is weirdly Facebook, right? You have Facebook, Instagram and WhatsApp and those are three applications reading from the same common database, right? When I'm connected to WhatsApp, it still knows about all my data." "It's just choosing what experience to load for me and lens is designed to be this kind of way to define how social data lives, relates, and is interacted with on chain and accessed on chain. And so the idea is, is this common backend database that any new web3 social application can pull from,” Silverman added. While the Aave team decided to build its multi-billion-dollar-TVL staking protocol on Ethereum for the advanced decentralization, they looked elsewhere for Lens. Lens is a protocol made entirely of Polygon-based (CRYPTO: MATIC) smart contracts. At least, for now.  There is no default app, feed, or ad revenue potential for the protocol governors to be distracted by. Any developer can integrate the Lens feed on their website, similar to Twitter’s API, but more of a public good. Twitter, Instagram, Facebook and TikTok are all capable of integrating the Lens feed directly into their own platforms. If this were to paly out, Lens would likely be the fastest and most ideal way for creators to monetize their content across all platforms simultaneously. Silverman explains, “you don't even need to know solidity. If you're a website developer, we have a graphical API. It looks and feels exactly like Twitter's API or Instagram's API, except gives you full access to the social graph. We abstract away all the hard parts of a web3 like typed data for signatures. No one knows what that is. We can make it easier because we want to make sure that all developers can access it. You don't have to take a two year solidity boot camp.” All wallet addresses that signed Lens’ digital roots pledge last year were able to claim a Lens username, which is an NFT. Similar to profiles, all posts on the Lens protocol are also represented on chain by NFTs.  The protocol is currently free to use. “Obviously, someone has to pay for it to go on chain," Silverman said. "We think that apps are going to monetize in the front end level. But to be a real user experience... no user wants to pay gas.” The Aave/Lens team currently covers the marginal gas fee incurred by each use of the Polygon network. This can’t last forever and the Polygon sidechain that the app lives on is not intended to be a long-term solution. First, Ethereum needs to scale.  This means that the team may have methods of censoring the protocol for the time being. In contrast to Twitter, however, a decentralized application on a decentralized protocol has the potential to eventually become entirely permissionless. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Silvergate says its crypto customer base grew to more than 1,500 in 2022’s first quarter

    The crypto-focused customer base of Silvergate Bank grew to more than 1,500, according to the first-quarter results published Tuesday. The post Silvergate says its crypto customer base grew to more than 1,500 in 2022’s first quarter appeared first on The Block.

  • NFT avatar company Genies raises $150 million from Silver Lake

    Private equity firm Silver Lake is leading a $150 million funding round for Genies, according to a report from NYT DealBook. The post NFT avatar company Genies raises $150 million from Silver Lake appeared first on The Block.

  • MacroStrategy Closes $205M Bitcoin-collateralized Silvergate Loan
  • Loan Against Bitcoin? MicroStrategy Subsidiary Borrows $205M Against Bitcoin From Silvergate Bank

    Silvergate Capital Corp's (NYSE: SI) Silvergate Bank issued a $205 million term loan under its Silvergate Exchange Network (SEN) Leverage program to MicroStrategy Inc's (NASDAQ: MSTR) subsidiary, MacroStrategy LLC. MacroStrategy collateralized the loan with its Bitcoin holdings. The interest-only term loan to the MacroStrategy subsidiary matured in March 2025.  MicroStrategy owned about $2.5 billion in Bitcoin at the end of December. SEN had $570.5 million in commitments as of December. MicroStrategy Chair and CEO Michael Saylor said, "Using the capital from the loan, we've effectively turned our bitcoin into productive collateral, which allows us to further execute against our business strategy." Price Action: SI shares traded higher by 6.03% at $160.97 on the last check Tuesday. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Quicksilver, a liquid staking protocol on Cosmos, spins out of Chorus One

    Quicksilver is taking a middle man approach to liquid staking, one that offers certain benefits — but with lower revenue. The post Quicksilver, a liquid staking protocol on Cosmos, spins out of Chorus One appeared first on The Block.

About Illuvium

This article discusses the current ILV price and the ILV price predictions provided by reliable sources. Can ILV reach a new all-time high in the future? What does the ILV coin technical analysis indicate? Why is it important? What will the ILV price look like in 2021-2025? Is the ILV coin a good investment right now? Let’s dive in and decide for ourselves.

Latest Illuvium News

Illuvium Real-Time Status

ILV current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget

Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.

Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.

Catch up with the latest crypto data by using the widget below.

Illuvium Technical Analysis

Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.

Illuvium Price

You can check the ILV price through CoinJoy's crypto portfolio tracker. Choose ILV from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.

The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.

How To Buy Illuvium

You can choose one or a few ways to purchase ILV. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support ILV tokens and allow you to store them. Locate the ILV address starting from 0x. Sign up with ILV and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.

Purchase as many ILV coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.

There are various other exchange services that may support ILV. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.

Illuvium Price Prediction 2022

We have gathered the latest Illuvium price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.

Trading Beasts has set the following targets for Illuvium in 2022: an average of $150.962, a maximum of $188.703, and a minimum of $128.318. Based on the provided data, purchasing Illuvium might be a good long-term investment.

PricePrediction.net has come out with a positive price prediction for Illuvium: an average of $359.03, and a minimum of $344.86 is what holders could be anticipating in 2022.

Wallet Investor is prominent that Illuvium prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $43.353, with a potential maximum of $14.451, and a minimum of $28.902.

Illuvium Price Prediction 2023

Similarly, Trading Beasts indicates an average of $325.88, a maximum of $407.35, and a minimum of $276.998 for Illuvium.

Based on the information provided by key indicators, PricePrediction.net believes that Illuvium prices could grow next year. The website forecasts the following prices for Illuvium: an average of $531.92, a maximum of $609.3, and a minimum of $517.56.

According to Wallet Investor, Illuvium prices are estimated to show negative downtrend signs in 2023, reaching an average of $32.894, with an expected maximum of $10.965, and a minimum of $21.929.

Illuvium Price Prediction 2024

Trading Beasts expects a continuous positive trend for Illuvium throughout 2024. The prices are likely to range between a maximum of $526.58 and a minimum of $358.074, with the average price reaching $421.264.

PricePrediction.net has set an average of $795.7, a maximum of $898.58 and a minimum of $769.11 for Illuvium in two years, therefore predicting value growth for the token.

As for 2024, Wallet Investor is bearish on Illuvium. Investors should watch out for a potential average of $86.982. The website also indicates a maximum of $28.994 and a minimum of $57.988 in two years.

Illuvium Price Prediction 2025

Trading Beasts is also indicating an increase in Illuvium prices, starting from the minimum of $413.405 and reaching as much as $607.948. The expected average price is $486.358.

Furthermore, PricePrediction.net is seemingly enthusiastic about Illuvium prices in 2024. The website forecasts that the price may go up to as much as $1324.74. The expected average price is set at the $1134.06 level, whereas the expected minimum price is $1094.27.

In 2025 Wallet Investor views Illuvium negatively. According to the website algorithm, the expected average price is $137.141, with potential maximum and minimum prices reaching $91.427 and $45.714 respectively.

Illuvium Price Prediction 2030

According to the long-term forecast from Wallet Investor, Illuvium has great investment potential. The prices could reach $223.54 on average, whereas the maximum price could go up to as much as $239.188, and the minimum price could hit the $207.892 point.

Last but not least, based on the sentiment from PricePrediction.net, Illuvium prices will continue to grow in the long run, with the average price reaching the $7341.92 level. The expected maximum price is $8780.53 and the potential minimum is $7076.67.

Trading Beasts predicts that the bearish trend will remain strong for Illuvium in 2030. Investors could be expecting an average of $111.862. The maximum and minimum prices might hit $117.455 and $106.269 respectively.

Conclusion

Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.

FAQ

Is Illuvium a good investment?

According to the experts' forecasts, Illuvium will be a good investment.

Does Illuvium Have Potential?

The ILV is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Illuvium forecast is positive, It has potential.

How much will Illuvium be worth in 2022?

In 2022 the price of ILV is expected to reach $409.84, based on the forecasting from various sources.

How much will Illuvium be worth in 2023?

In 2023 the price of ILV is expected to reach $609.3, based on the forecasting from various sources.

How much will Illuvium be worth in 2024?

In 2024 the price of ILV is expected to reach $898.58, based on the forecasting from various sources.

How much will Illuvium be worth in 2025?

In 2025 the price of ILV is expected to reach $1324.74, based on the forecasting from various sources.

How much will Illuvium be worth in 2030?

In 2030 the price of ILV is expected to reach $8780.53, based on the forecasting from various sources.