Terra Luna Classic's price is up by around 6% in the last 24 hours, rising slowly from the bottom it reached in May this year after its system exploded and hit bottom. However, the LUNC is unlikely to recover because its fans moved to other more profitable projects like Battle Infinity (IBAT).
The losses after the ecosystem collapse are estimated at $60 billion, as said by Terra Luna's founder Do Kwon.
"I, and I alone, am responsible for any weaknesses that could have been presented for a short seller to start to make a profit", Kwon said in his interview for Coinage.
The current price of the token is $0.0001339 on Binance, which marks an increase of 19.82% compared to the last 90 days and 33.76% compared to the last 30 Days.
However, many investors lost interest and trust in the token, so fewer and fewer of them chose to invest in LUNC.
Investors who are still supporting the project require the implementation of a 1.2% burn tax on speculative transactions.
They want this for one reason- burn taxes would diminish the number of tokens in supply to 10 billion and increase the LUNC price.
According to some Twitter accounts, this was tested on the Terra Classic testnet, but it is still unclear whether this will be implemented on the mainnet.
Meanwhile, one of the newest metaverse projects, Battle Infinity, is climbing on the leaderboard of the best Play to Earn projects of 2022.
The presale of IBAT, Battle Infinity token, finished 25 earlier than planned and raised $2 million, making it one of the most successful presale events of 2022.
After that, IBAT was successfully listed on LBANK, Pancakeswap, CoinMarketCap, and Coingecko.
The presale event on Pancake swap was also a huge success, pumping the price by 5x and taking it from $0.0015 to $0.011.
At the moment of the writing, the price of IBAT was $0.00407 on PancakeSwap and $0.0037 on LBank, with a diluted market capitalization of $40.7 million.
Not only did this put IBAT on the list of top-performing crypto coins IDOs of the year, but also one of the greatest projects of 2022.
One of the best things about Infinity Battle is the immersive support from the crypto community.
Currently, the community of followers has 21.3 k members on Twitter and 28.08k on Telegram.
The terrific reputation of this Indian-based project comes from the fact it is revolutionizing the crypto world and gaming, integrating it with metaverse and NFT.
The platform with multiple P2E games integrated into the Battle Arena metaverse allows gamers to play cricket games in IBAT Premier League, mint their artworks and sell them on the IBAT marketplace, or deposit tokens and earn an annual percentage yield (APY).
Many additional features are coming into the metaverse, so they should also impact the increase in the price of the IBAT token.
Moreover, price predictions say IBAT should reach $0.01 by the end of 2023 and $0.2 by 2025, increasing the price by 3900% in the next three years.
The project is verified/KYC'd on Coinsnipper, protecting investors from rug-pull.
Since the launch, Battle Infinity was called the next Axie Infinity, and the latest marketing moves proved IBAT is about to take the crown of the most popular P2E game from Axie.
The Battle Infinity team decided to airdrop 125 IBAT tokens to 1,800 wallet addresses of Axie Infinity token holders.
This is just one of the reasons IBAT is positioned favorably against AXS – the game that saw a 90% price decrease in the last couple of months.
As already mentioned, IBAT can be purchased on PancakeSwap, LBANK, CoinMarketCap, and Coingecko.
If you want to buy IBAT on Pancakeswap, you should have a sufficient amount of BNB in your wallet.
All you have to do to buy IBAT on Pancakeswap is to click Trade and enter the number of tokens you want to purchase.
After that, you can connect your wallet – Metamask, Coinbase Wallet, and Trust Wallet are the most common, but there are other options.
Since its launch, IBAT has become one of the most wanted and sought-after tokens in the crypto world. Experts predict this is just the beginning of a bright future for the token and its owners.
And while LUNC is trying to recover from recent losses, IBAT is just taking over the market. So, if you are uncertain about whether to invest in LUNC, we recommend you switch your focus to IBAT since it is the most profitable token on the crypto market.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.