Illuvium is trading at 95.69 as of the 23rd of February 2024, a 0.05 percent increase since the beginning of the trading day. Illuvium has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for Illuvium are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of February 2024. Click here to learn more.
Illuvium is peer-to-peer digital currency powered by the Blockchain technology. More on Illuvium
Illuvium is an online market maker for P2P digital cash denominated as Cryptocurrency. Illuvium has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Illuvium are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Illuvium are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
Illuvium Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Illuvium's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Illuvium or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Illuvium Target Price Odds Analysis
What are Illuvium's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Illuvium jumping above the current price in 90 days from now is about 38.79%. The Illuvium probability density function shows the probability of Illuvium crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Illuvium has a beta of 0.1005. This usually indicates as returns on the market go up, Illuvium average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Illuvium will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0489, implying that it can generate a 0.0489 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Illuvium Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Illuvium market risk premium is the additional return an investor will receive from holding Illuvium long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Illuvium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Illuvium's alpha and beta are two of the key measurements used to evaluate Illuvium's performance over the market, the standard measures of volatility play an important role as well.
Illuvium Technical AnalysisWhen it comes to investing in cryptocurrency, such as Illuvium, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Illuvium, which is currently traded at 95.69, shows everything you need to know about Illuvium market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Illuvium, to determine its price movements. However, the Illuvium's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Illuvium's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Illuvium's future price trend
Illuvium Against Markets
Picking the right benchmark for Illuvium crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Illuvium crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Illuvium is critical whether you are bullish or bearish towards Illuvium at a given time. Please also check how Illuvium's historical prices are related to one of the top price index indicators.
Be your own crypto managerOur tools can tell you how much better you can do entering a position in Illuvium without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.
Top statistical indicators that provide insights into how an economy is performing
How to invest in IlluviumYou need to understand the risk of getting into digital currencies such as ILV before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Illuvium in four ways:
Buy ILV through an exchangeGet yourself a crypto wallet before embarking on your Illuvium journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Illuvium. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.
Purchase fractions of Illuvium through an exchangeYou don't have to buy a full token when starting out since ILV is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.
Trade Illuvium through a brokerIf you don't want to store your Illuvium Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.
Invest in ILV through an exchange-traded fund (ETF)You can also invest in ILV through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.
Investing IdeasIn addition to having Illuvium in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
When determining whether Illuvium offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Illuvium's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Illuvium Crypto.
Explore Investment Opportunities
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illuvium. Also, note that the market value of any Cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Illuvium Crypto Coin analysis
When running Illuvium's price analysis, check to measure Illuvium's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Illuvium is operating at the current time. Most of Illuvium's value examination focuses on studying past and present price actions to predict the probability of Illuvium's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Illuvium's coin price. Additionally, you may evaluate how adding Illuvium to your portfolios can decrease your overall portfolio volatility.
|Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
|Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
|Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Get suggestions outside of your existing asset allocation including your own model portfolios