XAI Game Coin: A Blockchain Gaming Powerhouse Driven by Elon Musk’s xAI

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20 Jan 2024

In a game-changing milestone, Xai Testnet has recently soared past 5 million transactions and amassed a thriving community of over 200,000 wallets since its launch in January 2024. Positioned as a dedicated blockchain for AAA games, Xai leverages Arbitrum Technology to seamlessly integrate blockchain into gaming experiences, offering a novel approach to ownership and trade of in-game assets. Notably, Orivium’s Real-Time Strategy game stands as a testament to Xai’s potential in enhancing player experiences.
As the platform gears up for its imminent mainnet launch, the recent surge in price and listings on prominent exchanges, including Binance, KuCoin, CoinEx, and the latest addition, Crypto.com, underscore the growing interest in XAI. With the capability to handle up to 10,000 transactions per second, Xai is poised to introduce web3 games to a massive audience, reshaping how players engage with and own in-game commodities. Lets us delve into the exciting developments propelling Xai towards the forefront of the blockchain gaming revolution.
What is XAI token?
XAI token is a layer-2 scaling network for Ethereum, Xai is positioned as a gaming-focused “layer-3” network running on top of Arbitrum. A collaboration between Ex Populus, a game studio, the recently founded Xai Foundation, and Offchain Labs, the inventor of Arbitrum, the network aims to become the leading destination for blockchain gaming.
Today’s live Xai price is $1.13 USD, with $550,308,216 USD traded over the course of a day. The last day saw a 19.94% increase in Xai. With a live market capitalization of $313,165,799 USD, There are 27.7 Million XAI coins in circulation, with a maximum supply of 2.5 Billion XAI coins.
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Why the price is plunging
According to Coinpedia data, XAI has increased by more than 26% over the last day, hitting a record-breaking price of $1.13 at the time of this article.
Due to its intrinsic volatility, the token saw a decrease to as low as $0.45 after making its first debut last week at roughly $0.77. This is not uncommon for newly issued tokens. However, in the early hours of Sunday, the price started to surge from roughly $0.60 to its present value, showing an astounding growth of almost 90% in just about a day and a half.
XAI recent Airdrop
In the last airdrop done last week, tokens were delivered to customers possessing early Xai NFT collections and those who obtained Sentry Keys to operate validator nodes, helping to the network’s transaction processing.
Sentry node operators, for example, are eligible to get 1,658 XAI, which is now worth around $1,860, for every node they own. The 1,307 XAI, or more than $1,460 at the present price, that owners of Xai Vanguard NFTs may demand for their shares.
The whole value of the airdrop has soared from roughly $70 million shortly after the token launch last week to about $140 million, representing the peak price of XAI as of now.
XAI listing on Exchanges
With respect to Xai’s impending mainnet launch, the recent price spike and its listing on many exchanges reflect the increasing interest in the platform. Along with other well-known exchanges like Binance, KuCoin, and CoinEx, Crypto.com is the most recent addition to support XAI.
Xai, the 43rd project on Binance Launchpool, was introduced by Binance on January 3rd and allows users to farm XAI tokens. With this achievement, Xai was integrated with a major exchange for the first time. Furthermore, Binance strengthened its support by establishing XAI spot trading pairs and offering USDT-margined XAI contracts on Binance Futures.
Conclusion
The impressive recovery of the XAI token following the announcement of the airdrop highlights its significant potential. The fact that XAI was just listed on a significant international exchange like Crypto.com raises the possibility of more price discovery for the stock.
According to the factors mentioned above, it is predicted that XAI could vary between $1.070 and $1.466. If the top price target is reached, there is a chance that XAI would rise by over 35%, to $1.466.

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Written by Zameer Attar

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Unveiling the Mysteries of Crypto | Analyst Extraordinaire 📊💎Stay tuned for market updates, educational content, and thought-provoking discussions🚀💡