Battle Infinity Token Trending on CoinGecko – Is IBAT Pump Incoming?
Battle Infinity appears to be attracting several investors. This follows a tweet by crypto aggregator CoinGecko, which shows the project’s token, IBAT, amongst the trending coins investors are presently purchasing.
IBAT Makes Top 5
In a CoinGecko tweet, IBAT was featured in its top five trending coins in the past week. The digital token ranked fifth after beating projects like Phala Network, Casper Network, Polygon, and Energy Web. The list, which features the top 30 trending coins in a daily trading window, largely highlights the crypto assets investors are most likely to buy or invest in.
This follows a previous event where IBAT took the top spot on the trending crypto list on the same crypto aggregator website.
IBAT’s entrance into the top spot indicates a strong investor demand and a more robust community backing the Battle Infinity project. However, the project’s growing success is not by accident.
IBAT powers the Battle Infinity ecosystem is responsible for network operations and is used for staking. The digital asset has performed impressively since its debut this year.
IBAT Crosses $5 Million in Staking TVL
Battle Infinity recently launched a more dynamic and immersive website to introduce staking into its ecosystem.
Staking works like a yield-generating savings account but with digital currencies. Users lock up their cryptocurrencies for a certain period to secure the network from external attacks. In return, stakers receive newly minted coins of the underlying network.
Battle Infinity’s staking program has grown exponentially in its two-month journey. The program has racked up over $5 million in total value locked (TVL). This represents about 50% of the project’s token locked up in return for passive income.
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
Fantasy sports is a fast-growing ecosystem expected to be worth around $4.7 billion by 2028. According to a Globenewswire report, the industry is expected to see a 13.2% compound annual growth rate (CAGR) between 2022 to 2028. This shows huge potential for the coming years.
Battle Infinity currently leads this fast-rising landscape and integrates blockchain technology to make it more user-oriented and community-driven. The project also features a metaverse concept called Battle Arena. Here, users can participate in multiple play-to-earn (P2E) games, including football, baseball, basketball, and even athletics. Aside from playing games, users can interact, perform, watch, explore, and enjoy an immersive gaming experience.
The Battle Infinity is not yet done revolutionizing the entire gaming industry. Up next on its roadmap is the Battle Swap feature, which works as a bank entity. With Battle Swap, users can buy IBAT directly and swap it for other digital currencies in a decentralized manner. Battle Swap would work in synergy with the marketplace, Battle Arena, and the game store, making it a smoother experience.
Next on the upcoming list is the IBAT Premier League, an NFT-based fantasy sports game that works in tandem with the metaverse and the multiplayer Battle Games. Given the growing buzz surrounding the metaverse ecosystem, Battle Infinity could become a major player in the nascent crypto sub-sector in the coming years.
IBAT’s Performance So Far
IBAT has flipped bullish in the past 24 hours despite a tamer market performance. The digital asset trades at $0.0032, an uptrend of 5.10% in the last day. This increase is higher than the crypto market’s 1.09% surge in the same period, pointing to a growing wave of bullish sentiment around the metaverse-driven gaming platform.