The recent crypto market condition hasn’t been kind to investors and many are looking for ways to make it big when the market is going down. Battle Infinity Fantasy Sports P2E Coin might just be the investment you’re looking for to survive this crypto winter.
What is a Crypto Winter?
A “crypto winter” is a term used to signify a negative sentiment or poor performance of coins in the cryptocurrency market. It is similar to a bear market in the stock market.
Crypto winters often affect or are a consequence of investors’ mentality, where they’re skeptical about investing in the market. But this is temporary, as once the price of the coins recovers from the dip, the market will invite participation from retail as well as institutional investors.
One of the first crypto winters occurred after 2013 when the price of Bitcoin fell by more than 80% in less than a month. A similar decline was observed this year, where the price of Bitcoin dropped by 80% from its all-time high in December 2020.
This time, the decline was triggered by the TerraLUNA crash along with the halting of withdrawals from Celsius, and a bunch of other incidents.
Consequences of Crypto Winter
Essentially, a crypto winter causes a pessimistic sentiment across the crypto industry, with cryptocurrencies falling in price as the first consequence. This sentiment expands to the overall industry where projects tend to suffer due to a lack of optimism from the community. Projects with a strong community usually come out of a crypto winter stronger than before.
Amidst all of the happenings in the crypto winter, NFTs and blockchain gaming, particularly fantasy games, have remained quite intact. Not only have they been able to stay afloat, but also grow and attract investments respectively.
Fantasy games have been quite popular for years and bringing them on the blockchain will only help aid their popularity. In a fantasy game, participants can create teams with their favorite players based on a bunch of statistical metrics provided. These players then perform in a game and help the gamers earn points.
Fantasy Cricket is one such game where users create a virtual team and compete in matches worldwide.
What is Battle Infinity?
Battle Infinity Fantasy Sports Platform is a sports game built on Ethereum and is supported by a native token that can be used to buy players, pay fees and enter contests. The platform allows you to play with players across the world.
IBAT Premier League is the primary way users can gather rewards in the form of points and those with the maximum points get to earn IBAT prizes. Additionally, it’s really easy to trade players as they can be traded as NFTs, and their value keeps on changing depending on supply and demand.
The market share of fantasy games is highly concentrated among a few market leaders, but at least in the aspect of cricket, many fantasy gaming platforms such as Dream11 and MyCricle11 have come to rise in recent years.
Battle Infinity alone has a user base of over 2.5 million people. After more than three years of development, it is now released in 12 different languages worldwide. The game skillfully masters the art of providing users with a simple interface and a complex experience, making it both easy to use and entertaining.
In the game, monsters rule the surface while humans are sent underground, and the task is to defeat these monsters and free humans from their control. These monsters can be defeated with physical or magical means.
IBAT is the official token of the ecosystem currently trading at $0.004045, which overgrew in value after listing on Pancakeswap and LBANK. Recently, IBAT had a $3,000 giveaway where the top scores who submitted their information received winnings in their wallet.
Battle Infinity‘s team is filled with industry professional with significant experience in the domain. The company is managed by a team of experts who ensure the optimum infrastructure of the platform and help it stand strong in the industry.
Owing to all these factors, the platform is expected to outperform it’s competition in the future and hence, serve as a good investment to consider in this crypto winter.
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