Battle Infinity IBAT Token Ready to Pump Amid CEX Listing Rumours
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After witnessing more than $5 million worth of IBAT staked on Battle Infinity’s staking platform – can the popular cryptocurrency increase in price among new CEX listing rumours? Let’s find out.
Earn 25% APY with Battle Infinity’s Staking Platform
One of the best play-to-earn cryptocurrency platforms in 2022, Battle Infinity, offers multiple income-earning opportunities to investors. IBAT, the native cryptocurrency, can be used to participate in NFT-based sports fantasy leagues, join a metaverse that hosts playable NFT avatars and even swap cryptos on a decentralized exchange.
However, Battle Infinity has recently surged in popularity with the release of the IBAT Battle Stake – the platform’s new staking platform. One of the best crypto staking platforms, Battle Infinity allows investors to stake IBAT by accessing flexible or lock-up options.
With flexible staking, investors can earn an APY (Annual Percentage Yield of 12%. However, the number keeps increasing as investors access the locked staking option. A 30-day stake on Battle Infinity will result in a 14% APY, while the yield increases to 17% for a 60-day staking activity.https://www.twitter.com/IBATOFFICIAL/status/1581767197055016961/photo/1
The highest stake one can earn 25% by staking IBAT for 360 days on Battle Infinity’s staking protocol. Due to the high returns, over $5 million worth of IBAT has been staked on the protocol – which accounts for more than 10% of the available token supply.
IBAT Price Increase
With the popularity of the staking protocol, Battle Infinity has become one of the most trending cryptocurrencies on CoinGecko – a global crypto news and price aggregator. After completing one of the best crypto presales in 2022, IBAT was listed on PancakeSwap – a leading decentralized exchange.
Since then, the token has also been listed on LBank, which is another popular cryptocurrency exchange. With this new cryptocurrency’s growing popularity, investors expect new listings on some of the biggest exchanges in the world. Rumors have started circulating online about a listing on a large exchange soon.
Since exchange listings on the top platforms can result in a price increase, IBAT has the potential to be bullish towards the end of 2022 and beyond.
With the decreasing supply due to the increase in staking, further exchange listings can lead to higher trading volumes and a price increase. Currently, IBAT is available to purchase at $0.00358, with a market cap of more than $11 million.