Coinbase, one of the major cryptocurrency exchanges, has announced that it has added a new altcoin to its roadmap. After the announcement, the altcoin in question made a splash. Then he withdrew. Here are the details…
Coinbase adds Illuvium (ILV) to its roadmap
cryptocoin.com As we have previously reported, Coinbase, one of the largest cryptocurrency exchanges, is adding projects that have the possibility to list the platform to its roadmap. Although it is not certain that the cryptocurrencies added to this roadmap will be listed on the stock market, even its announcement increases the prices. The latest coin added to this list was Illuvium (ILV). So, the coins currently on the roadmap are as follows:
- Hedera (HBAR)
- Audius (AUDIO)
- Convex Finance (CVX)
- Illuvium (ILV)
- Injective (INJ)
- Ocean Protocol (OCEAN)
- Pundi X (PUNDIX)
- XMON (XMON)
- Radium (RAY)
- Pangolin (PNG)
What is illuvium?
Illuvium is a decentralized game studio that combines the gaming and cryptocurrency worlds. The game studio allows players to collect NFT assets on the Ethereum Blockchain. It also builds an open world RPG adventure game that allows users to trade and battle NFTs. Online games often let you collect items, progress and unlock achievements.
Today, however, players don’t actually own their in-game collectibles. Collections are locked in the game. It cannot be ported to other games or platforms. The team believes that decentralization and ownership are vital to the game. This led them to create the Illuvium. Founded in September 2020, Illuvium has built a completely decentralized game that can best be described as a combination of open world RPG and auto-combat.
Inside the Illuvium, players will encounter edible and possessable creatures called Illuvials. If they defeat the creatures, if they catch them, users will be able to see Illuvial’s NFT in their wallet. These NFTs can then be used or traded in battle. Thanks to its features, Illuvium appeals to both casual gamers and DeFi users. In addition, Illuvium will build its Layer-2 solution on Immutable X and provide these features with zero transaction fees. In March 2021, Illuvium closed its Balancer public sale with a record trading volume of over $90 million. Illuvium has earned the title of the first AAA game in the crypto space.
ILV price jumped, then fell
Meanwhile, after the Coinbase announcement, the ILV price jumped to around $70.24. However, due to the dominance of the color red in the general cryptocurrency market, it could not maintain its momentum. As it is known, Bitcoin (BTC) fell below $ 20,000. Ethereum (ETH), on the other hand, has lost almost 10 percent despite yesterday’s merge event. With a market cap of $76 million, ILV has slumped to $64.37 at the time of writing.
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