IMVU is said to be the world’s largest Web3 social metaverse platform with over 700,000 active users. The mobile-friendly platform has downloadable applications for desktops and mobile devices.
This article is a deep dive into the IMVU project where we will explain what it is and how it works. We shall also talk about the blockchain’s native VCORE token, understand what purpose it serves, make price predictions for the token until 2030, and list exchanges where the token is listed, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is IMVU?
IMVU holds the distinction of being the world’s first and largest Web3 social metaverse platform. The project has been building a community since 2004, and in its lifetime has accumulated an impressive 350 million account registrations.
What separates IMVU from most Web3 and blockchain metaverse projects is its accessibility. The platform offers mobile and desktop applications. Additionally, the ecosystem is accessible through web browsers.
Moreover, it is also positioned as one of the top-10-grossing social apps in the world. Currently, the platform boasts 700,000 daily active users and has over 200,000 active creators and earners within the ecosystem.
How Does IMVU Work?
At its core, IMVU is a vibrant social metaverse with a dynamic and expansive economy, driven by a global user community. What began as a Web2 economy has now transitioned into the Web3 sphere.
On IVUM, users engage in daily purchases and gifting of virtual currency and digital goods, while creators produce content that introduces thousands of new digital items on the platform’s marketplace.
What is the VCORE Token?
VCORE is the native cryptocurrency of the IMVU metaverse platform. The token will be seamlessly integrated into the IMVU network and play a pivotal role in shaping the metaverse’s economy, engagement, and governance.
The crypto token will serve as the primary currency for minting and trading NFTs within the IMVU marketplace. VCORE is also used to compensate creators and earners on the platform.
VCORE has a maximum supply of 8 billion tokens, out of which, 802.9 million VCORE is currently in circulation. IMVU has a market capitalization of $2.81 million and attained a 24-hour trading volume of $1.01 million.
IMVU (VCORE) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, VCORE is trading at $0.003586 – down 5.1% in the last 24 hours.
Based on its current valuation, VCORE is forecasted to trade within a price range of $0.06629 at its lowest and $0.1591 at its highest in 2024. The average trading price for the token this year is assumed to be $0.1127.
In 2025, the VCORE token is expected to trade within a minimum and maximum price of $0.1220 and $0.2652, respectively. Next year, the token could trade at an average price of $0.1936.
In 2026, the average trading price for IMVU is assumed to be $0.2121. During that period, the token could be trading within a price range of $0.1856 at its lowest and $0.2387 at its highest.
By 2027, VCORE could be trading at a maximum price of $0.1697 and a minimum of $0.0848. The token is estimated to have an average trading price of $0.1273 during that year.
By 2028, the average price at which VCORE would change hands is estimated to be $0.1644. During that time, the token could be trading within a price range of $0.1167 at its lowest and $0.2121 at its highest.
In 2029, VCORE’s lowest valuation is presumed to be $0.2015 while its highest price is expected to be $0.4773. The token is predicted to trade at an average cost of $0.3394 during that period.
By 2030, the average trading price for VCORE is expected to be $0.5038. During that time, the token is forecasted to trade within a minimum and maximum price of $0.4243 and $0.5834, respectively.
Where to Buy IMVU (VCORE) Tokens?
VCORE tokens can be purchased and traded on the following cryptocurrency exchanges:
- KuCoin
- BitMart
- AscendEX
Is IMVU a Credible Cryptocurrency Investment?
IMVU is considered one of the oldest and largest metaverse social platforms in the world. Founded in 2004, the project which started its life on Web2 has transitioned to Web3 and boasts over 700,000 accounts and 500,000 daily active users and content creators.
The metaverse social network allows users to buy, sell, and trade digital collectibles and media content as NFTs.
All things considered, I would say that IMVU is a credible blockchain-based platform that has managed to evolve pretty well over its two decades of existence. However, despite its longevity, the VCORE token has not projected any price growth, which is rather concerning. The project can only survive with widespread adoption.
As is the case with any cryptocurrency, VCORE is also prone to extreme price fluctuations and therefore, you need to thoroughly research before making any investment decision.
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