Why is XAI Price Up By 40%?

Xai (XAI), the crypto token associated with video game-focused blockchain network Xai Chain, has seen its price surge over 39% in the last 24 hours. At the time of writing, XAI is trading around $0.909, up from $0.68 yesterday, per CoinGecko.

Xai Network Overview

The Xai network enables real in-game economies and NFT interoperability across video games. It allows traditional gamers to own and trade digital assets trustlessly for the first time without needing to use crypto wallets directly.

Anyone can run validation nodes on the network to receive rewards and govern the protocol. Xai leverages scaling technology originally developed for the Arbitrum Layer 2 network.

Source: CoinStats – Start using it today

While the exact trigger for the latest XAI pump is unclear, speculation mounts over a mysterious upcoming announcement teased by the team. Xai had tweeted a unicorn emoji, which the community tries to decode.

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Other recent positive developments include:

  • Listing on the Binance exchange.
  • Over $485 million in 24-hour trading volume

The strong technical setup combined with speculation over a major announcement points to further upside for the XAI price in the near term as momentum continues to build. The narrative and use case around gaming also render the project unique and have the potential to capture interest during the next crypto bull run.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!