Based on a interview with Bungie yesterday. It has been said the level cap is 30. [b]How do yall feel about that? And how long do you think it will take you to reach it?[/b]
Update: I thought it was common knowledge that the soft level cap is 20, I was wrong. So to clarify soft level cap is 20 and a max level of 30.
Check the article [url=http://www.eurogamer.net/articles/2014-08-21-bungie-on-the-destiny-level-cap-raids-and-game-size]here[/url]
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The hard level cap is lv20 while the highest soft level cap we have seen so far is lv29 while we did hear it mentioned a 31-32. The soft level cap is increased with gear with LIGHT on it. Collecting enough light will increase your level higher then the hard cap.