Battle Infinity IBAT Rises as New CEX Listing Rumors Emerge
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After rumours of new CEX listings for Battle Infinity’s IBAT token, the popular cryptocurrency is rising in price. Can IBAT reach a new all-time high in 2022? Let’s take a look.
Battle Infinity Gains Popularity amidst Staking Platform Launch
In September 2022, Battle Infinity (IBAT) launched one of its play-to-earn (P2E) features – the IBAT Battle Stake. Offering one of the best crypto staking coins, IBAT can be leveraged to earn a potentially high APY (Annual Percentage Yield) on the flexible and lock-up staking mode.
On the flexible staking platform, IBAT can be staked to earn an APY of 12%. However, the returns increase by locking up IBAT for a certain time period. For example, a 30-day lock-up leads to a 14% APY, while the rate increases to 17% for a 60-day lock-up period.
Notably, investors can earn as high as a 20% APY for a 180-day stake and a 25% yield by staking IBAT for 360 days. Due to these high returns, IBAT has received over $5 million in total locked value on its staking platform. Following the platform release, Battle Infinity has also emerged as one of the most trending cryptocurrencies on CoinGecko – a popular crypto website and aggregator.
IBAT CEX Rumours and Price Increase
Amidst the successful staking platform launch, IBAT has soared in popularity in 2022. After a successful presale which was completed in 24 days, IBAT was launched on PancakeSwap and LBank.
However, investors expect this popular cryptocurrency to be listed on some of the best centralized exchanges (CEXs) in the coming months. As some of the top trending cryptos tend to receive more traction as they are listed on new exchanges, the token can experience an increase in trading volume and price.
From a price of $0.0029 on 13th October 2022, the IBAT price increased to $0.0038 on 17th October – equating to a 31% price increase. With new potential CEX listings, Battle Infinity’s IBAT has the potential to further increase in price.
