SideShift Token (XAI): Deep Dive on Its Project, Tokenomics & Price Analysis

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4 Apr 2024

In the final quarter of 2023, many alts broke above strong resistance levels. This was also the case with $XAI, which more than doubled in value during November and December 2023. Then, in the first ten days of 2024, the $XAI crypto token pushed even higher, and many altcoin investors and traders are now wondering whether this exchange token has what it takes to set its new ATH. If you are one of those, follow along as we explore the SideShift (XAI) crypto token and examine its on-chain data!

As we dive into today’s article, we’ll first and foremost get you up to speed with the basics of the XAI crypto project. This is where you’ll find out what SideShift.ai is all about. We’ll basically cover the gist offered by the project’s official “help page” and its whitepaper. Next, we’ll focus on the SideShift token. Again, we’ll first cover the basics, explaining what the token is and then explain the asset’s purpose and use cases. Plus, we’ll explore the XAI crypto tokenomics.
Then, we’ll review the entire SideShift token’s price action since 2021. We’ll also outline key support and resistance levels and look at the all-time high (ATH) price and the all-time low (ATL) price. Aside from applying some technical analysis (TA) basics, we’ll also run $XAI using the ultimate crypto trend indicator – Money Line. We’ll also explain how you can use one of Moralis Money’s cryptocurrency analysis sites (a.k.a. token pages) to research the XAI crypto further. With those in your corner, you can decide whether or not you wish to invest in or trade altcoins, including $XAI. What’s more, thanks to Moralis Money’s live price and real-time, on-chain insights, you can decide if now’s a good time to buy the SideShift token. Lastly, we’ll explain where you can buy $XAI without breaking a sweat or the bank.

What is XAI Crypto?

“XAI crypto” typically refers to the $XAI cryptocurrency, which we’ll talk more about later on. However, folks often use the coin’s ticker to label the entire project behind it, which is extremely common in crypto. As such, “XAI crypto” also points to the SideShift.ai project.
So, the only way to answer the above question properly is to take a closer look at the project and the SideShift (XAI) token. That’s exactly what we are going to do in the upcoming sections.

Exploring the XAI Crypto Project

As soon as you land on the XAI crypto projects website – SideShift.ai – you’ll notice the heading explaining the project. So, by looking at the above screenshot of that website, you can see that SideShift is all about offering a no sign-up crypto exchange. Furthermore, the exchange supports many (more than 100) cryptocurrencies across different networks. This cross-chain interoperability makes SideShift.ai stand out from other custodial exchanges.
The platform launched in 2018 and was slowly gaining momentum initially. Also, it started to add support for more tokens as time passed. Through continuous growth, SideShift.ai achieved an impressive average monthly exchange (shift) volume of $37,500,000 in 2022.
The project’s foundation lies in its commitment to privacy, user-friendly interactions, and the minimization of third-party risks. Originally conceived as a sidechain swap tool for Paul Sztorc’s Drivechain project, SideShift.ai has evolved beyond its initial purpose. Today, it capitalizes on competitor inefficiencies, continuously expanding its functionalities, integrations, and available assets.

Core Aspects of SideShift.io

Diverse Coin and Token Support – One standout feature of SideShift.ai is its extensive list of supported coins and tokens. Users can seamlessly swap between more than 100 cryptocurrencies, covering well-known assets like Bitcoin, Bitcoin Cash, Ethereum, and many stablecoins.
Automatic and Efficient Swapping – The XAI crypto platform distinguishes itself with its automatic and efficient swapping mechanism. Once a deposit receives just one confirmation on the blockchain, the platform swiftly processes the shift, sending funds to the user’s chosen address. The automatic nature of SideShift.ai eliminates the need for users to wait unnecessarily, enhancing the overall speed and efficiency of crypto transactions.
Staking Opportunities with XAI – The introduction of its native ERC-20 token, the SideShift token (XAI), adds an extra layer of value and engagement for users. You can find out more about staking XAI below, where we take a closer look at the SideShift token.
Fundraising, Founder Allocation, and Future Growth – SideShift.ai’s successful fundraising rounds, including a seed round in July 2019, have provided essential support for its operational costs. With a founder allocation and plans for continued growth, the project remains economically sound. The allocation’s unlocking structure, along with the commitment to long-term growth, showcases the founder’s dedication to the project’s success.
SideShift.ai Integration – The platform offers its API that enables other websites to embed the XAI crypto project’s cryptocurrency shift functionality.

What is the SideShift Token?

The SideShift token is the SideShift.ai project’s native cryptocurrency. It emerged as the integral catalyst within the SideShift.ai ecosystem, where it represents a pivotal element in user engagement and the platform’s overall functionality.
It’s also worth pointing out that the SideShift (XAI) token was born from the evolution of its predecessor, SAI. Just like $SAI, $XAI lives on the Ethereum chain, where it follows the ERC-20 token standard.

$XAI’s Purpose and Use Cases

XAI serves a multi-faceted purpose within the SideShift.ai platform. Beyond being a tradable asset, its primary function lies in fueling various incentive programs and mechanisms designed to reward users and stakeholders. Hence, the token acts as a cornerstone in SideShift.ai’s commitment to aligning user interests with the platform’s success.
As mentioned previously, a distinctive feature of XAI lies in its staking capabilities. This allows users to stake their XAI tokens and receive svXAI, which is a representation of their share in the SideShift staking vault. It’s also worth noting that 25% of SideShift.ai’s daily revenue is distributed to XAI stakers. So, this mechanism not only provides users with a tangible value but also actively involves them in the growth and success of the platform.
XAI also plays a pivotal role in SideShift.ai’s referral program. The “Refer a Human Program” rewards users with 0.5% of the referred individual’s total shift value in XAI. Additionally, external partners integrating SideShift.ai, such as wallets or websites, receive their commissions in XAI, further integrating the token into the platform’s ecosystem.

XAI Tokenomics

The tokenomics of XAI are designed to create a transparent and sustainable ecosystem. The total supply of 210 million XAI is distributed across various reserves, including a substantial staking reserve, a fundraising reserve, and a founder allocation. This strategic allocation ensures a balanced distribution that aligns with the long-term objectives of SideShift.ai.
$XAI adopts a deflationary design, adding a layer of scarcity to the token. Staking XAI among users contributes to the distribution of the token within the SideShift.ai community. As the staking allocation is gradually emptied, staking rewards continue to be distributed directly from SideShift.ai’s revenue, reinforcing the deflationary nature of XAI and enhancing its long-term value.
Here’s the overview of the XAI crypto token’s tokenomics:

Token’s on-chain name: SideShift token
Symbol/ticker: XAI or $XAI
Network: Ethereum
Token type: ERC-20
Smart contract address: 0x35e78b3982E87ecfD5b3f3265B601c046cDBe232
Minting timestamp: September 14, 2020, at 06:28:25 AM (+UTC)
Maximum total supply: 210,000,000 $XAI

Use the “Bubble Chart” section on Moralis Money’s $XAI token page to see the token’s live distribution. You can find a link to the page with these interactive crypto bubblemaps in the “Should I Buy $XAI?” section below.

SideShift Token Price Analysis

The $XAI token started trading in May 2021. The token’s initial price of $0.1 doubled by the end of the month; however, it was rejected by the $0.20 level. This pushed the price back down, revisiting the $0.11 area by the end of July 2021. After that local low, the token started to climb higher. It took it less than a month to reach its ATH at nearly $0.30, from where the price retraced by almost 50%. That pullback put the $XAI price at $0.16 in early January 2022.
From this new support, the asset tried to break above $0.21 twice but didn’t have enough steam to push through that resistance. As such, it revisited the $0.16 level in the second half of February. However, after setting a slightly higher low, the $XAI price rallied again, this time stopping at $0.28.
With this new lower high in place, the token’s value continues its downward movement with the rest of the crypto market. By the first half of September 2022, the price reached new lows at $0.07. From there, it doubled in a week but got rejected at $0.16 and turned downward again.
It wasn’t until November 2023 that $XAI set its ATL, which sits at $0.06 (on some exchanges as low as $0.054). However, as mentioned in the intro, after that November low, the SideShift token’s price started to recover. It more than tripled in 49 days, reaching as high as $0.215 on January 5, 2024.
After that new high, the price retraced roughly 30% and is currently sitting around $0.17.

TA and Money Line

Looking at the above chart, you can see all the key levels of support (S) and resistance (R) for the XAI crypto asset’s price. Charting these levels is one of the basics of TA. Of course, there are many other advanced TA tools and indicators we could use to analyze the $XAI price. For instance, considering the token’s trading volume, EMAs and MAs, RSI, stochastic RSI, and MACD are just a couple of examples.
However, we prefer to focus on S/R levels and the ultimate crypto indicator – Money Line. The latter says that $XAI is currently in a bullish trend on both weekly and daily timeframes:
Note: If you wish to learn more about this powerful crypto charting tool (Money Line), make sure to follow the “Money Line” link in the introduction of this article. If you want to get your hand on this powerful crypto trading tool, make sure to opt for the Moralis Money Pro or Starter plan.

XAI Crypto Price Prediction

Looking at the past $XAI price performance, it is quite likely that the token’s value will range between $0.16 and $0.22 for a while. Afterward, the asset could make a move toward its ATH if the crypto market conditions were to remain positive.
However, when it comes to any crypto price predictions, you ought to be extra cautious. After all, the internet and social media are flooded with 2024 and 2025 price targets. So, please be aware, as no one really knows what levels any cryptocurrency could reach. Mid-term and long-term targets are pure guesses, and most of them (if not all) will end up being way off.
The only way to make any reliable predictions is to use the assets’ live prices in combination with real-time, on-chain metrics and focus on short-term speculation.
So, if you wish to make any $XAI crypto price prediction with increased likelihood, use the Moralis Money $XAI token page.

Should I Buy $XAI?

Since we are not financial advisors, we cannot answer the above question for you. However, using the above-covered section, you should be able to decide if you find the SideShift.ai project and the XAI token at all interesting. If yes, then you ought to explore this potential opportunity further.
Fortunately, you can do so with ease by using the Moralis Money SideShift token ($XAI) page. It provides you with all the tools and resources you need to answer the above question with confidence.
Particularly valuable are the “Price Chart” and “Alpha Metrics” sections as they provide you insights into XAI’s live price and its real-time on-chain data. Hence, you can combine these insights to determine if the token is gaining momentum. This allows you to decide if now is the right time to buy $XAI.
Of course, when deciding whether you should buy the SideShift token, also consider your current financial situation and your risk tolerance. Only if these conditions give you a green light should you follow the above “$XAI” link or use the below interactive widget.

Where to Buy SideShift Token?

If you decide to get a bag of XAI, you can do so on various exchanges, including via SideShift.ai. However, in case you are looking for a decentralized, user-friendly, secure, and cheap path, then you don’t need to look any further than the above-present page.
By simply hitting the “Buy” button below the XAI token’s details, you get to summon Moralis Money’s instant crypto swap feature. The latter provides you with simple instructions that enable you to buy XAI in just a couple of clicks.

Exploring XAI Crypto – SideShift Token Price Charts & On-Chain Data – Key Takeaways

The SideShift.ai project is all about delivering a no sign-up crypto exchange that allows users to exchange (shift) various cryptocurrencies across multiple blockchains easily.
The project has its native cryptocurrency – the SideShift token (XAI) – which lives on Ethereum.
$XAI is an ERC-20 token that mainly serves as an incentive currency for XAI stakers.
The XAI crypto token’s price has tripled in value after setting its ATL at $0.06 in November 2023.
To decide if/when to buy $XAI, use Moralis Money’s token page for that asset. If you decide to buy the SideShift token, you can do so effortlessly on that page.

Do not forget that $XAI is just one of many altcoins. In fact, we dare to say that there are 100s or even 1,000s of alts with greater potential than XAI. After all, the average altcoin tends to increase by 50x-70x during a bull market. As such, it would be smart to make discovering such opportunities one of your priorities.
Fortunately, there are some useful crypto analysis tools at your disposal to help you with that objective. However, out of all blockchain analytics tools, Moralis Money is the only one that makes spotting altcoins with potential a top priority. Plus, with its ultimate crypto scanner (a.k.a. Token Explorer), it makes this process super easy. After all, you can generate your dynamic list of tokens with potential in just a couple of clicks. So, make sure to watch the video below. It shows you how to get going with Moralis Money’s crypto trading tools today!