Battle Infinity CEX Listing Rumors Blast IBAT Toward New All-Time Highs
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Amidst new CEX listing rumors and a new staking platform launch, Battle Infinity’s IBAT token has increased by more than 70% in the past few weeks. Can IBAT continue growing in price and reach a new all-time high? Let’s find out.
Battle Infinity Staking Platform
Battle Infinity (IBAT) is a play-to-earn (P2E) cryptocurrency platform that offers cryptocurrency rewards by participating in its multi-use platform. On Battle Infinity, IBAT can be leveraged to take part in a Metaverse arena, participate in NFT-based earning opportunities, and swap cryptocurrencies on a decentralized exchange.
Hey IBATers— Battle Infinity (@IBATOFFICIAL) October 16, 2022
we crossed a humongous benchmark of $5 million+ TVL.
This comes to a total of almost more than 50% of the circulation supply locked into staking.
Still haven’t staked your $IBAT?
Stake here – https://t.co/qKPKEXJbp9 pic.twitter.com/n2lSpt7Jv8
In September 2022, Battle Infinity soared in popularity with the launch of the IBAT Battle Stake – the new staking protocol. One of the best proof of stake coins, IBAT allows investors to earn between 12% to 25% APY (Annual Percentage Yield). The platform offers both flexible and lock-up staking options, with the yield going as high as 25% for a 360-day lock-up.
The high returns have allowed Battle Infinity to lock in more than $5 million on its protocol. Due to this successful protocol, IBAT has become one of the top trending crypto coins to buy. On CoinGecko, Battle Infinity became one of the top 3 trending cryptocurrencies during the last week of September – right after the platform launch. IBAT started trending again on CoinGecko on October 15.
IBAT Price Increase following new CEX Rumours
In August, IBAT was launched on PancakeSwap after reaching its hard cap presale targets in just over 3 weeks. Since then, the token has also been launched on the popular centralized exchange – LBank. Due to the popularity of the new staking protocol, many followers are speculating on upcoming listings in the future.
As seen with other cryptos, a listing on a top cryptocurrency exchange has the potential to increase trading volume and, perhaps more importantly, the price. On October 6th, 2022, IBAT was trading at only $0.022 per token.
By 17th October 2022, IBAT reached a price of $0.0038 – a 72% price increase in just 11 days.
Due to the massive price increase in such a short time, it is possible to see IBAT hitting a new all-time high in the next few weeks.