When it comes to buying or selling any token, I always advise people to stick to their market strategy and vision. If you're a short-term trader who specializes in scalping, day trading, or swing trading, then you'll only need technical analysis and charts. In this case, Illuvium presents an attractive opportunity due to its high liquidity, support on multiple exchanges, volatility, and futures. However, as a supporter of fundamental analysis, I believe that only this method is designed to assess the real value of an asset and determine how much its current price corresponds to the realities of the market.
By many measures, Illuvium looks attractive to buy, but let me clarify my position...
I don't feel the need to rush into investing here. In my opinion, the whole GameFi market is still in its early stages, similar to social networks in their infancy. While there are some significant influencers and funds monitoring the project, there are also a few major drawbacks for the entire sector.
- Firstly, the game must be as fun and engaging as possible to keep people playing it, not just for tokens and blockchain.
- Secondly, creating an interesting game usually requires a lot of time and money.
I fully expect that eventually, some teams will enter the market with a great crypto game, and I will be happy to invest as much money as possible in the first really interesting crypto game. However, for now, the GameFi trend is overrated, and the sums that these platforms have raised are simply crazy. Regardless of whether the hype in this sector subsides or not, i think these platforms are set for a full cycle of iterations and development. Show Less
2
