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.
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.
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.
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