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Battle infinity price prediction: Will the hype last for IBAT?

By Raphael Sanis

17:26, 30 August 2022

An avatar with a virtual reality headset playing a game on a smartphone
Battle Infinity is a new metaverse that will eventually host a range of different crypto games – Photo: Shutterstock

Crypto gaming has soared in popularity over the past 12 months with games like Axie Infinity (AXS) and Splinterlands taking centre stage. Battle Infinity is a new play-to-earn project hoping to make its way up the ranks.

Instead of just one game, Battle Infinity is looking to host a variety of different titles that will be playable in its own metaverse.

But the project is still new and has not released any of its planned products at the time of writing on 30 August 2022. This has not stopped its native IBAT token from surging.

What is battle infinity (IBAT)?

Battle Infinity is a new crypto gaming project that is looking to take advantage of the niche industry’s surge in users and investments. It plans on developing and hosting multiple play-to-earn games where users are rewarded with cryptocurrencies.

It is also diving into the metaverse sector with its own virtual world where investors can interact and watch live games taking place.

 Its whitepaper said:

“Battle Infinity integrates gaming with the metaverse and blockchain, providing a completely decentralized experience that gives users and creators direct ownership of their in-game items in an ecosystem that is completely transparent and tamper-proof.” 

Jagjeet Jena is the India-based chief executive officer and co-founder of Battle Infinity. While little is publicly known about his previous experience,  Suresh Joshi is the other co-founder and comes from a gaming background. Located in London, Joshi was previously the paid media manager at the gaming company Catena Media.

Battle Infinity: An ambitious ecosystem

There is an entire ecosystem of products that are planned to be released by Battle Infinity. Yet, at the time of writing, investors are still waiting for the launch dates.

Battle Swap is the platform’s decentralised exchange (DEX) that allows users to swap between the native battle infinity (IBAT) token and other cryptocurrencies. This will be integral for players to convert their winnings into other currencies.

Meanwhile, the Battle Market is a different type of exchange that allows the buying and selling of non-fungible tokens (NFTs). Whether its characters or weapons, all gaming items will be stored as NFTs, using the BEP-721 standard. Investors are then able to swap these assets on the marketplace. 

Finally, the platform’s virtual world is going under the name IBAT Battle Arena. Every user will have their own avatar, which are customisable through purchasable NFTs listed on the Battle Market.

The IBAT cryptocurrency 

IBAT is Battle Infinity’s utility cryptocurrency, which is secured on the Binance Smart Chain (BSC) as a BEP-20 token. It was designed with various use cases in mind, including as a means of payment for gaming assets and as a reward for players.

Every player will need to be staking a predetermined amount of IBAT to access Battle Infinity’s games. Out of this, 5% is charged for the “foundation development” and another 5% is taxed for the global staking pool that is dedicated for rewards.

Its documentation warned: “Ninety percent of the staked amount goes to the winner of the game in which the IBAT has been staked, as is required for the entry pass.”

BCH/USD

383.70 Price
+1.380% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

BTC/USD

63,816.45 Price
-1.140% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.12 Price
-2.940% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

XRP/USD

0.58 Price
-8.880% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

IBAT’s short price history

Battle infinity price chart

Source: CoinMarketCap

Battle infinity only has a short price history as its token went live on PancakeSwap [CAKE] on 17 August. A week later, the battle infinity cryptocurrency was listed on the LBank exchange with a USDT pairing.

More recently, CoinMarketCap has started tracking the cryptocurrency’s price. This started on 29 August, when it opened at $0.004.

Since then, it has seen a strong 24 hours with it up mroe than 20%. As of 30 August, it was trading at around $0.005. But is it able to continue this momentum? Read the IBAT coin price prediction analysis below.

Battle Infinity price prediction round-up

While the coin’s young nature means there were not many IBAT price predictions at the time of writing (30 August 2022), there were still some optimistic forecasts. 

The Business2Community battle infinity price prediction for 2022 said: “Given the tremendous hype around the coin, we could see IBAT head to the $0.0050 level by the end of 2022.”

The website’s battle infinity crypto price prediction went on and said it could have reached $0.01 by the end of 2023 and $0.2 region in 2025.

PricePrediction provided a more gradual forecast. Its battle infinity price prediction for 2025 suggested it could have climbed to $0.018 that year, from $0.006 in 2022. By the beginning of the next decade, it sugested it could have averaged $0.11 by 2030.

Meanwhile, DigitalCoinPrice said IBAT could only have reached $0.006 this year and a shade under $0.01 in 2025. Its battle infinity price prediction for 2030 said it could have gone on to an average price of $0.02. 

When considering a battle infinity coin price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.

FAQs

Is Battle Infinity a good investment?

Battle Infinity is a new crypto gaming project that is looking to create its own ecosystem of products and titles. However, it has only launched its IBAT token at the time of writing, with investors still waiting for its promised utility. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the battle infinity token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Will Battle Infinity go up or down?

At the time of writing, there were some hopeful IBAT coin price predictions, such as from Business2Community which anticipated it could have reached the $0.2 region in 2025. In contrast, DigialCoinPrice outlined it could have nearly achieved $0.01 that same year. You should also take into consideration that price predictions are limited due to IBAT’s new status in the crypto world and forecasts are often wrong. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether IBAT is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Should I invest in Battle Infinity?

The battle infinity token saw a successful start with it experiencing a steady upwards climb. But this is not guaranteed to continue.

Whether you should invest in battle infinity is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.

 

Markets in this article

AXS/USD
AXS/USD
6.22 USD
-0.02 -0.330%
CAKE/USD
CAKE/USD
2.0388 USD
-0.0093 -0.470%

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