Bitcoin may be the biggest cryptocurrency by popularity and market cap, but are there better alternatives that can produce even bigger gains?
Some of the best ICOs have provided massive returns for investors, and IBAT is getting ready for its listing on PancakeSwap (its IDO).
Is it a Good Time to Invest in Bitcoin?
The global lockdowns led to financial market turmoil, but that period proved to be the best time for investing. Bitcoin (BTC) dropped to just over $4,000. That shook the market, but investors who bought BTC at the time went on an epic rally in the next 18 months.
Bitcoin reached its all-time high (ATH) of $69,000 in November 2021. A massive market crash followed, with BTC losing 73% of its value. The worst part is that many investors expect further downside. The market is very bearish at the moment, and Bitcoin seems to be out of steam to make a new ATH.
Bitcoin has slightly recovered since its crash, but it seems that its latest price action is a bounce from the ATH set in 2018. So the market expects a short-term rally before Bitcoin turns on itself and continues a multi-year bear market.
If Bitcoin isn’t due for a massive rally, then which coin could be?
Battle Infinity Lists on PancakeSwap
The crypto market has revealed that a token’s biggest volatility usually happens during major listings and catalyst events. Battle Infinity will have both of those soon. The first big news is that Battle Infinity’s token, IBAT, will be listed on PancakeSwap on 17 August 2022 at 16:00 UTC.
The other major news is that big celebrities are joining this crypto game. Battle Infinity founder Sureshi Joshi stated, “I can confirm today that Irfan Pathan, the international cricketer, and Bollywood actress and former Miss Universe turned actress Urvashi Rautela, will be joining me at our Battle Infinity launch party in Delhi on Wednesday.”
So what’s the big fuss about this NFT-based fantasy sports game?
Staking
Battle Infinity enables players to earn rewards on six platforms. Players compete in the IBAT Premier League by building up teams while monetizing land. To make the game even more appealing, the developers enabled loyal players also to earn.
This crypto project transfers a portion of IBAT tokens earned from transaction fees to a global staking pool. It’s from there that Battle Infinity coins get distributed to active players as a reward for their contribution to the ecosystem.
Entertainment
Although players can earn by playing Battle…
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