March 27, 2024
Xai Gaming Token Experiences a Remarkable +24% Surge
Altcoins News

Xai Gaming Token Experiences a Remarkable +24% Surge

Last week marked the commencement of the initial airdrop for the Xai gaming network, facilitated by the Ethereum-based scaling solution, Arbitrum. An impressive 125 million XAI tokens were distributed to early adopters, resulting in a substantial surge in token value over the weekend and into Monday. This surge not only added value to the airdrop for both existing and newly acquired token holders but also sparked curiosity about the potential peak of $XAI.

Recent Movements in XAI Price

As of today, the current valuation of Xai stands at $1.06 USD, with a 24-hour trading volume reaching $563,351,417 USD. Over the past 24 hours, Xai has witnessed a noteworthy increase of 24.52%. In the CoinMarketCap ranking, it holds the #163 position, showcasing a live market capitalization of $293,955,479 USD. The circulating supply comprises 277,118,150 XAI coins, while the maximum supply is capped at 2,500,000,000 XAI coins.

Anticipating the Future of XAI Price

Given its layer 3 architecture, which prioritizes scalability, user-friendliness, and interoperability, Xai is strategically positioned to tap into the rapid expansion of the gaming sector. By simplifying blockchain intricacies, Xai aims to seamlessly onboard millions of gamers into web3 experiences.

Reasons Behind the Surge in XAI Price

The XAI token has witnessed an impressive surge of over 24% within the last 24 hours, reaching an unprecedented price of $1.08, as per CoinMarketCap data at the time of this report.

The recent airdrop conducted last week distributed tokens to users holding early Xai NFT collectibles and those who acquired Sentry Keys to operate validator nodes, contributing to the network’s transaction processing.

For instance, Sentry node operators had the opportunity to claim 1,658 XAI for each node owned, now valued at approximately $1,860. Owners of Xai Vanguard NFTs could claim 1,307 XAI each, equivalent to over $1,460 at the current price.

The overall value of the airdrop has surged from around $70 million shortly after the token launch last week to about $140 million, reflecting the current peak price of XAI.

Image by Xai

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