Battle Infinity IBAT Token Trending on CoinGecko – Start of a New Bull Run?
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Battle Infinity is trending on CoinGecko – one of the most popular cryptocurrency data aggregators in the digital assets space. With the recent release of IBAT’s staking protocol, can Battle Infinity’s token continue soaring in 2022?
What is Battle Infinity?
Battle Infinity is a play-to-earn (P2E) cryptocurrency project which offers multiple decentralized finance (DeFi) products that allow players to earn in-game rewards. The native cryptocurrency IBAT can be purchased from the Battle Swap – Battle Infinity’s decentralized exchange (DEX).
One of the top features of this new cryptocurrency project is the IBAT Battle Swap – a decentralized and NFT-based sports fantasy league. Players can join by buying NFT passes, which can also be traded on the IBAT Battle Market – the ecosystem’s NFT marketplace.
NFTs also play an important role in the Battle Arena – Battle Infinity’s virtual ecosystem. In this P2E world, players can enter the Metaverse as a minted NFT character, which has been built using ERC-721 smart contract technology. The avatars can be upgraded from the NFT marketplace, and players can access virtual events and concerts via headsets.
One of the best utility NFTs, Battle Infinity also offers an online NFT game store where players can compete in P2E NFT games. The top performers are rewarded with NFTs, which can also be traded on the marketplace. To join this feature, players must stake IBAT on the Battle Stake. With the recent release of the staking protocol, IBAT has become one of the most trending cryptocurrencies of late.
Battle Infinity Trends on CoinGecko after Staking Protocol Launch
CoinGecko is a leading cryptocurrency aggregator and website used to search for the hottest new cryptocurrency assets, market caps, token information, and more. Recently, Battle Infinity tweeted confirming that they were one of the top projects being searched on CoinGecko.
One of the main reasons is the launch of the IBAT Battle Stake – the cryptocurrency’s staking protocol. Players can earn between 12% – 25% APY on their holdings by staking IBAT on this platform. The staggering yield return has resulted in over $4 million worth of locked-up IBAT on the Battle Stake.
As the circulating supply reduces due to the increase in staking, more customers may increase the demand for IBAT. Thus, the multi-use case platform has the potential to become profitable in the long term. After a successful presale, IBAT soared from $0.0015 to an all-time high of $0.0105.
As of October 11th, 2022, the popular token is trading at $0.00304 with a live market cap of more than $30 million.