Xai Price : Why Xai Games Token Rising Today ?

As of January 16, 2024, the cryptocurrency market faced a slight increase with a 0.70% and 3.25% increase in total market capitalization and trading volume respectively. Let’s delve deep into why, amidst this bullish sentiment, XAI games token price, conformed to the odds, experiencing a remarkable surge of over 40%.

A Closer Look at the XAI Price Performance

As of now, XAI is priced at $1.10 USD, showing a remarkable 21.1% increase in the last 24 hours. With a circulating supply of 277,118,150 XAI coins and a max supply of 2,500,000,000 XAI coins, it holds the 159th position on CoinMarketCap, boasting a live market cap of over $304m

Top Reasons Why Xai Games Token Price is Up Today ?

1. Airdrop Excitement

In a recent strategic move, Xai (XAI) distributed tokens through an airdrop, generating enthusiasm among the crypto community. This airdrop included rewards for early Xai NFT collectibles holders and those who acquired Sentry Keys to operate validator nodes, contributing to the network’s transaction processing.

For instance, in the recent airdrop, those operating Sentry nodes had the opportunity to receive 1,658 XAI for each node they owned, translating to approximately $1,860 at the current market value. Additionally, holders of Xai Vanguard NFTs were eligible to claim 1,307 XAI per NFT, equivalent to over $1,460 based on the prevailing price.

The collective value of the airdrop has witnessed a significant surge, escalating from around $70 million right after the token launch last week to an impressive $140 million at the time of this report, reflecting the peak valuation of XAI. This move not only distributed tokens but also created a buzz around Xai’s innovative approach to incentivizing its user base.

Airdrops serve as a method for cryptocurrency protocols and applications to reward their early users and contributors by distributing tokens. This practice not only acknowledges early involvement but also contributes to the decentralization of the governance process. Token holders, recipients of these airdropped tokens, often gain the privilege to participate in voting on proposals, fostering a more inclusive decision-making system within the crypto community.

2. Binance Listing Boosts Xai Price

Xai’s (XAI) integration with major exchanges played a crucial role in its price surge. On January 3rd, Binance listed Xai as the 43rd project on Binance Launchpool, allowing users to farm XAI tokens. This marked its significant milestone as it gained exposure to a broader audience through one of the leading cryptocurrency exchanges.

The Binance listing not only boosted Xai’s market performance but also expanded its reach, with support from other exchanges like Crypto.com, KuCoin, and CoinEx. The inclusion of XAI in various exchanges reflects growing anticipation for its mainnet launch and increased liquidity.

3. Xai’s Tech and Vision is a Compelling Investment

Developed by Offchain Labs and the Xai Foundation, Xai (XAI) operates on a decentralized blockchain designed with gamers in mind. Unlike many other cryptocurrencies, Xai is dedicated to streamlining the gaming experience, making it more accessible to traditional gamers by addressing complexities associated with crypto wallets.

Xai (XAI) distinguishes itself as a gaming-focused “layer-3” network, functioning on Arbitrum Bridge , a layer-2 scaling network for Ethereum. With its emphasis on scalability, user-friendliness, and interoperability, Xai is well-positioned to capitalize on the rapid expansion of the gaming sector, offering a unique combination of blockchain innovation and gaming excitement.

In overcoming challenges like unreliable networks, high transaction fees, and intricate wallet setups that hindered the widespread adoption of blockchain games, XAI introduces a tailored solution catering specifically to gaming needs. Its primary objectives include cost reduction, ensuring stable infrastructure, and simplifying the gaming experience for users.

Forging partnerships with experienced individuals in the gaming industry at Ex Populus, XAI endeavors to shift the spotlight back to creativity and user satisfaction. This entails a departure from an exclusive focus on financial gains, with a commitment to simplifying game mechanics to prioritize players’ enjoyment over monetary considerations.

Xai Price Prediction : What’s ahead in the Future ?

Considering the recent developments, the impact of the airdrop, and Xai’s listing on major crypto exchanges, the short-term outlook for Xai (XAI) appears positive. The integration of blockchain with gaming experiences, the innovative distribution methods, as well as its technology and vision contribute to Xai’s potential for sustained growth.

The post Xai Price : Why Xai Games Token Rising Today ? appeared first on CoinGape.

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