The crypto market has experienced some relief in the past few days after the extended crypto winter. Investors are buying more coins because they believe the market could deliver impressive gains.
In this piece, we’ll consider the cryptocurrency that whales are buying up presently. Also, we’ll consider what makes these coins popular among investors now.
The top cryptocurrency that whales are buying is IBAT – the native token for Battle Infinity. The crypto market is getting more excited about blockchain gaming tokens, and IBAT is one asset investors believe has strong fundamentals going forward.
Battle Infinity is a fantasy sports gaming platform that incorporates blockchain technology and the metaverse. The platform launched earlier this year, and its IBAT token is currently available on presale.
Although Battle Infinity has several features, the most prominent is the IBAT Premier League – a fantasy sports league where participants obtain access to non-fungible tokens (NFTs) representing real-life athletes. These athletes form participants’ teams, and their NFTs grow in value based on the performances of the athletes in real life. When an athlete performs well, the team earns points.
At the end of the league, the teams with the highest points in their leagues are declared the winners.
Based in India, Battle Infinity is counting on its home country for massive user adoption. India is home to 1.4 billion people, most of whom are young and tech-savvy. Battle Infinity is hoping that it can build a strong fanbase in its home country and then push more people to buy Battle Infinity as they hope to enjoy gains.
The platform’s IBAT token has been vetted by CoinSniper, and it is now available on presale. IBAT is available at a minimum price of 0.1 BNB and a maximum price of 500 BNB.
Cryptoassets are a highly volatile unregulated investment product.
Coming next on our list of cryptocurrency that whales are buying is LBLOCK. The asset has gained massive interest from investors despite being only a few months old, and we believe that its future is very bright.
LBLOCK is the native token for Lucky Block – a crypto games platform that launched in 2021. Built on the Binance Smart Chain, Lucky Block is looking to democratise access to crypto gaming for everyone. The platform utilises the LBLOCK token to provide access to its ecosystem of games, with players able to access it from anywhere – as long as they buy Lucky Block.
Today, LBLOCK trades at $0.00098. The asset has been down by just 0.82% in the past week.
Whales appear to be accumulating LBLOCK because of the opportunity to win from Lucky Block’s prize pools and NFT giveaways. The main attraction is the prize pools, with tickets for just $5. Holders of LBLOCK who have more than $50 worth of the asset can also obtain tickets for free.
As for the NFT giveaways, access is determined by an investor’s ownership of Lucky Block NFTs – Platinum Rollers Club NFTs – which launched in February this year.
Cryptoassets are a highly volatile unregulated investment product.
Cardano has always been one of the most popular blockchains in the market. However, its popularity reached a new level when the Cardano Foundation introduced the Alonzo hard fork last September, bringing smart contracts to the blockchain.
Today, ADA is one of the most popular coins on the market. The asset trades at $0.5279 – a jump of 4.52% in the past 24 hours.
ADA whales have been looking to buy Cardano after the blockchain implemented the Vasil hard fork on its testnet. Vasil is expected to improve Cardano’s scalability while reducing transaction fees. After its testnet implementation earlier this month, the hard fork’s mainnet implementation is expected in a few weeks.
We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet.
1/10 pic.twitter.com/9F9vzec0pK
— Input Output (@InputOutputHK) July 3, 2022
Already, data shows that over 79.1 million ADA tokens have been purchased by whales. We expect to see this coin urge in value over time – a massive boost to its price.
Cryptoassets are a highly volatile unregulated investment product.
Ethereum is making impressive moves. Arguably the most popular blockchain protocol, Etheruem has been looking to transition to the proof-of-stake (PoS) consensus algorithm for over two years now. Recent success has bolstered its token’s price, and whales are definitely considering it.
ETH, the Ethereum blockchain’s native token, currently sells for $1,596. The asset is up by 4.15% in the past day alone.
Whales are looking at ETH because of its recent success with its ETH 2.0 transition. The Sepolia testnet was implemented earlier this month. Sepolia is the penultimate step before ETH 2.0 launches.
Thanks to everyone who watched the Sepolia merge livestream!!
The Sepolia merge transition went through successfully (and the chain finalized!) so now it's time for monitoring over the next few days.
Then we merge Goerli…
…then mainnet
The Merge is coming
— sassal.eth (@sassal0x) July 6, 2022
Ethereum devs have announced a date for the full transition. With September 19 in sight, whales are looking to buy Ethereum in anticipation of the gains to come.
This merge timeline isn't final, but it's extremely exciting to see it coming together. Please regard this as a planning timeline and look out for official announcements!https://t.co/ttutBceZ21 pic.twitter.com/MY8VFOv0SI
— superphiz.eth (@superphiz) July 14, 2022
Cryptoassets are a highly volatile unregulated investment product.
Rounding out our list of cryptocurrency that whales are buying is APE – the native token for the ApeCoin ecosystem.
The APE decentralised autonomous organisation (DAO) launched APE early this year. The DAO handles everything concerning the APE ecosystem, including the Bored Ape Yacht Club (BAYC) NFTs, the Mutant Ape Yacht Club (MAYC) NFTs, and the Otherside metaverse.
The asset currently trades at $6.38 – a jump of 3.47% over the past 24 hours.
We believe that the asset’s developers are making progress with building a sustainable universe. Earlier this month, 4,500 people were invited to the demo of the Otherside metaverse, and the reviews have been stellar. By building a solid product, Yuba Labs and the APE DAO could have something to spur the adoption of APE. The recent price gains have also been encouraging.
Cryptoassets are a highly volatile unregulated investment product.
This guide explored the cryptocurrencies that crypto whales are stocking up on. However, we recommend IBAT from Battle Infinity.
Battle Infinity – Best Crypto Presale 2022
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This article was written for Business 2 Community by Jimmy Aki.
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Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratise the financial system. Jimmy’s previously published work can be found on Investing.com, InsideBitcoins, EconomyWatch, Learnbonds.com, MoneyCheck.com, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in… View full profile ›
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