Crypto Prices Slump, But IBAT Token Rises 150%: What’s Driving the Surge?
Despite the recent downturn in crypto prices, Battle Infinity’s IBAT token has seen a significant increase of 150% in the past week. Here are the key factors driving this surge:
- Continued appreciation in IBAT’s value, with a 20% rise in the past 24 hours.
- Strong support from traders, as indicated by IBAT’s relative strength index.
- Positive news flow surrounding the upcoming launch of IBAT Premier League fantasy sports game.
- IBAT trending as the No.1 gainer on centralized exchange MEXC and decentralized exchange trading site DEXTools.
- Team token burn, with 50% of tokens allocated to the team being burnt, leading to increased buyer interest.
IBAT Premier League: Milestones and App Development
In addition to the team token burn, the completion of the development of the IBAT Premier League fantasy sports app has been a significant milestone for Battle Infinity. The app will serve as a central hub for onboarding players and attracting game developers to the platform.
Battle Infinity’s Ambitious Plans and Play-to-Earn Economics
Battle Infinity aims to challenge and surpass traditional fantasy league rivals, offering a superior product for cricket enthusiasts. With plans to aggressively target the legacy space, the project has the potential to onboard millions of users. The IBAT Premier League will incorporate NFT technology, allowing users to track player performance, earn rewards, and trade in-game assets. The app rollout is scheduled to coincide with the start of the Cricket World Cup 2023.
Enhanced Community Rewards and Ambassador Program
Battle Infinity offers a staking service that allows token holders to generate passive income with an APY of up to 25%. Additionally, the project has introduced an ambassador program, offering perks such as referral rewards and early access to upcoming releases and beta versions.
Hot Take
Despite the overall slump in crypto prices, the rise of Battle Infinity’s IBAT token demonstrates the potential for success in the fantasy sports gaming sector. With strong market support, key milestones achieved, and innovative features, IBAT has the potential to become a leading player in the Web3 gaming space.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
