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You wake up in the morning and you see that the tokens in your crypto portfolio have gone up in value overnight.
There is an instant surge of happiness, but one thing is bugging you – why is crypto up today?
With Bitcoin's price increasing by 7% in the last 24 hours and various others altcoins exceeding, this is the question that has been on everyone's mind today.
Does this mean that the crypto bear market is finally over?
Well, not exactly, but we're slowly getting there.
The fact is that there is simply too much happening right now in the market – Terra going through a black swan event, Three Arrows Capital announcing that they're heading into liquidation, and Celsius filing for bankruptcy.
Additionally, Bitcoin is still far from its all-time price in November ($69,000), and the various macroeconomic issues and inflation around the world aren't helping either.
While all of this may sound a bit worrisome, you can also look at it as the ideal timing to capture high-quality cryptos for a lower price.
In this article, we'll go over the exact reasons why crypto is up today and show you the best crypto for 100x gains that you can buy in 2022.
As we said, seeing that the value of your crypto portfolio has gone up is great.
But, if you don't analyze the factors that led to the increase and try to understand the current market situation, you might be setting yourself up for failure in the long run.
Bitcoin is non-arguably the most important crypto in the market, which is why it doesn't come as a surprise that 99% of analysts focus on its price the most.
As of July 20th, Bitcoin is trading at a price of $23,845 per token, which is a near 2% increase today and a 7% increase over the last 24 hours.
More good news comes related to the total crypto market cap. It exceeded the $1 trillion mark again ($1.05 trillion) which is around 65% less than the all-time high of $3 trillion in November 2021.
While this number still isn't high 'enough', it's great news from a psychological perspective.
Other cryptocurrencies that are listed on leading exchanges such as eToro have also been outperforming in the last 24 hours.
This includes Dogecoin (7.7% increase), Polymath (8.9% increase), DYDX (12.8% increase), and My Neighbor Alice (7.3% increase).
Polygon (MATIC) hasn't shown much improvement in the last few days, but it's still one of the top performers in the last month. It recorded a 300% price increase from June ($0.31) and is now valued at $0.98 per token, making it one of the best crypto to buy in this bear market.
Ethereum 2.0 also had its fair share of troubles, but with Ethereum 2.0 version coming up in the following months, things seem to be going for the better.
Today, ETH went up 2.9% and it has been achieving good results throughout the entire week. Earlier this year, it had a devastating fall to $881 but is now back at the $1,600 mark (80% increase).
One of the many reasons why crypto went up today could be the combination of the ETH merge excitement and Polygon announcing a new Layer-2 network that will be compatible with Ethereum.
Another reason could be the massive Twitter hype caused by some of the leading crypto experts in the industry.
For instance, @SmartContracter (Bluntz), the man who anticipated the Bitcoin fall in early 2018, posted a tweet saying "the time to be bearish has come to an end".
He conducted a technical analysis that was partially based on the week moving average of Ethereum and its recovery. Also, he projected that Bitcoin would build on ETH's success, which turned out true.
Lastly, there was a statement from Ben Armstrong (BitBoy Crypto) in which he said that the market is still bearish at a $20k mark.
His tweets are often used as counter-indicators by experienced investors.
Battle Infinity is considered the best crypto 2022 and it's not just because of its cool name.
In essence, Battle Infinity is a crypto gaming platform that focuses on both NFTs and the fast-growing Metaverse.
The main goal of the platform is to change the traditional gaming industry inside and out and offer players a fully decentralized gaming experience.
Battle Infinity was developed in India and people are already calling it the next Axie Infinity and Decentraland.
Interestingly, this crypto is just one of the hot projects coming from India in the past year, take Polygon (MATIC) for example.
One of the main reasons why India is coming up with so many best crypto 2022 is due to the fact that the younger population is growing more and more tech-savvy and it's home to some of the finest software engineers in the world.
India's fantasy sports games like Dream 11 (100 million users) and Mobile Premier League (84 million users) are considered the biggest competitors, but Battle Infinity aims to outgrow the home market.
This will just be the starting base for the project's worldwide growth projections.
The Battle Arena is the in-game Metaverse in which users can talk to each other, go on exciting journeys, and participate in the countless P2E games.
In terms of the native currency, Battle Infinity uses IBAT – a utility token hosted on the BSC (Binance Smart Chain) network.
The value of all assets and characters within the Metaverse is showcased in IBAT and the token is also used for staking, trading, and transactions.
Another thing that makes Battle Infinity the best crypto to buy at the moment is that there is zero "rug pull" danger. CoinSniper KYC'd the project, while Solid Proof audited it for smart contracts.
There are six main products featured in Battle Infinity, with the IBAT Premier League being the primary one.
The Premier League is actually the world's first-ever fantasy sports game that's completely decentralized and incorporates blockchain technology.
To join the league, you'll need an NFT pass. Then, you can start forming your own strategic teams in different sports and win prizes by collecting the most amount of points during a specific month.
The included sports are cricket, football, basketball, and kabaddi, but the founders have announced that there will be plenty more sports joining the list soon.
Once you form your team, you get points based on the real-life performance of your scouted athletes.
Other products featured are Battle Swap (decentralized exchange), Battle Market (NFT marketplace), Battle Store (contains P2E games), Battle Stake (staking platform), and Battle Arena (Metaverse).
Notably, there are a few more features that make Battle Infinity stand out among its competitors.
These are:
If all of this captured your attention, you'll be glad to hear that Battle Infinity just launched its crypto presale on July 11th (90-day duration) and that now is the best moment to capture the low price of the best crypto 2022.
Let's go over the details.
Battle Infinity launched its presale with a soft cap of 2000 BNB and a hard cap of 16,500 BNB.
Early investors can get a maximum of 500 BNB worth of IBAT and a minimum of 0.1.
The IBAT token uses a fixed $250 BNB/USD exchange rate and the price per single token is set at $0.0015.
Compared to the open market rate of $230, we notice that early investors are receiving quite a big discount on the BNB price.
Another thing you should know is that there haven't been any private sales before this presale and traders are not allowed to vest or lock tokens.
The listing price still hasn't been officially confirmed by the team, but experts are already putting out predictions that there will be at least a 10,000% increase in less than a month after Battle Infinity is released.
Combine everything that we've mentioned together and you get the best crypto for 100x gains in 2022.
If you want to learn more about the details of Battle Infinity, you should go to their official website and join their Telegram group to stay updated on all the latest news.
The process is slightly different from buying other cryptocurrencies. Finally, the pre-sale is handled directly by the publisher, on the pre-sale platform specially created for this purpose. Experience has shown that with the following steps you have IBAT tokens in your wallet in less than 10 minutes.
First, the crypto investors visit the Battle Infinity pre-sale page. Here the crucial windows open immediately.
The IBAT Coin is designed as a BEP-20 token and runs on the Binance Smart Chain. This means that one must own Binance Coin in order to buy IBAT. If you have this in your wallet, you can proceed directly. On the other hand, one should first buy BNB – for example via the online broker eToro, which does not charge any commission and allows a crypto purchase in less than 10 minutes.
The next step is to connect the wallet to Battle Infinity. This is possible with the Metamask Wallet or the Walletconnect function. It is important that the corresponding wallets have been switched to the Binance Smart Chain.
Now select the desired amount of IBAT. You can see directly how many Binance Coins are required. For example, if you want 250,000 IBAT tokens, you have to invest around 1.5 BNB. One last click on "Buy IBAT" and the purchase is complete.
With the next crypto bull projected to come soon, checking out crypto presales and finding the best crypto to buy is exactly what you should be doing right now.
If you want a project that combines advanced features and robust tokenomics, and is considered the best crypto for 100x gains at the moment, we highly suggest checking out Battle Infinity.
