Indian cricket icon Irfan Pathan and Bollywood’s Urvashi Rautela repping IBAT has led to it being the top trending cryptocurrency in India.
IBAT is the native coin of upcoming NFT-based metaverse game Battle Infinity and its rewards token, which launches on PancakeSwap this week – Wednesday August 17th at 16:00 UTC.
Best Cryptocurrency India – IBAT
IBAT has some stiff competition from MATIC for the title of the best cryptocurrency in India – Sandeep Nailwal’s Polygon is today the 14th largest cryptocurrency asset in the industry by market capitalization, according to CoinMarketCap.
That makes Sandeep and his Polygon co-founders Jaynti Kanani and Anurag Arjun among the most successful crypto coders and developers to come out of not only India, but anywhere in the world.
Looking to follow in their footsteps, IBAT is one the top trending cryptocurrency tokens in India right now. The official Telegram of the project this week posted a screenshot from India Twitter trends showing ‘IBAT PancakeSwap in 2 days’ trending.
Investors also watched video messages from Irfan Pathan and Urvashi Rautela in that channel showing their support for IBAT token – and in attendance at its launch party.
Battle Infinity has Indian core team similar to Polygon, with University of Delhi graduate Suresh Joshi leading the project alongside CEO Jagjeet Jena. Their leading games developer is Ajeet Gill and an early beta gameplay demo for their promising crypto game is expected to be released this quarter.
Meet the team at battleinfinity.io where links to their LinkedIn profiles can be found. Details on how to buy IBAT on PancakeSwap will also be updated there as well as on the Telegram.
There’s also a Telegram chat group for IBAT investors to network – which is currently paused in preparation for the launch so that all eyes are on the listing preparations. That group now has over 22,600 international members.
Best Crypto Coins to Invest in India 2022
Battle Infinity sold out their 90 day presale for IBAT token in a record 24 days, hitting their hard cap of 16,500 BNB earlier than expected ($5 million). In total it lasted from just mid July 2022 to mid August.
Earlier this year there were rumors of an India crypto ban, which didn’t materialize. Cryptocurrency for Indians is now rapidly increasing in popularity as the over 1.5 billion strong population can now legally buy Bitcoin and other new crypto coins like IBAT.
Despite high taxation, investing in crypto is a preferred form of investment for many Indian citizens especially among the younger generation.
The strong early interest in IBAT may now carry over to a successful launch as there will be little selling pressure and many prospective investors on the sidelines who missed out on the presale now wanting to buy on launch day.
Battle Infinity’s fantasy sports themed metaverse game aims to tap in several markets – young gamers, sports fans, the play to earn crypto sector, and investors in general as IBAT will also be able to be staked for yield.
Best India Penny Crypto
During the early days of the presale the IBAT price was approximately $0.0013 – $0.0016 based on the calculation 1 BNB = 166,666.66 IBAT, and the Binance Coin price at the time.
The IBAT listing price on Wednesday is expected to be 1 BNB = 131,578 IBAT, which based on today’s BNB price of $316 means IBAT will list at $0.0024.
From there it’s a little over a 400% move to reach one cent, which would potentially make IBAT the most popular penny cryptocurrency in India, and MATIC the best cryptocurrency in India priced at around the one dollar level.
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