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Illuvium rockets 17% as Web3 game unveils Epic Store launch date

Illuvium rockets 17% as Web3 game unveils Epic Store launch date

The NFT video game Illuvium (ILV) will soon officially launch on the Epic Games Store, according to an announcement made by the team behind it on Wednesday, November 8. 

The launch will mark a major milestone for Illuvium as the Epic Games Store, boasting more than 230 million users, is one of the largest game clients in the world and one of the most prominent competitors to the near-monopoly of Valve’s Steam.

Illuvium revealed that it will appear on the storefront on November 28. The team also stated that early access would be available to all of the game’s fans. Additionally, the Ethereum (ETH)–based Metaverse game is nearing the release of its Beta3: PVP. 

According to the official announcement:

“The anticipation for Illuvium Beta 3: PVP is reaching critical mass. This is where strategy, skill, and competition collide in a uniquely Illuvium spectacle. With Epic as our launchpad, this event will be one for the history books.”

ILV token surges on the announcement

The news of the Epic Games Store release has immediately affected Illuvium’s cryptocurrency – the ILV token. At the time of publication, its price stood at $72.35 – an increase of approximately 17% within just hours. The movement also caused some price instability as the token is testing highs not seen since the early spring of 2023.

ILV 1-day price chart. Source: Finbold

Should the launch of Illuvium on the Epic Games Store go well, and should the game prove well-received by the storefront’s user base, ILV might find itself surging even further, possibly even reclaiming its all-time high. 

Still, while the potential brought by the exposure to more than 230 million players is immense and could easily see the token breach its resistance level of $72.88, it would still be a tall order for it to reclaim its all-time high of $1,846.

ILV price chart since the token’s initial launch. Source: Finbold

On the other hand, while the latest surge is certainly impressive and saw ILV gain $40 million in market cap in a matter of hours, the token has been performing reasonably well on the market for some time, having risen 51.5% in the previous 7 days and nearly 85% in the past month.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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