Xai Gaming Token Skyrockets +24%: How High Will the XAI Price Go?
The Ethereum-based scaling solution, Arbitrum, initiated the Xai gaming network’s first airdrop last week, distributing 125 million XAI tokens to early adopters. The token saw a significant surge in value over the weekend and into Monday, enhancing the airdrop’s overall value for token holders, both existing and newly claimed. How high will the $XAI price go?
How has the XAI Price moved in recent days?
As of today, the current Xai price stands at $1.06 USD, accompanied by a 24-hour trading volume of $563,351,417 USD. Over the past 24 hours, Xai has surged by 24.52%. In the CoinMarketCap ranking, it holds the #163 position, boasting a live market cap of $293,955,479 USD. The circulating supply comprises 277,118,150 XAI coins, while the maximum supply is set at 2,500,000,000 XAI coins.
How High Will the XAI Price Go?
With its layer 3 architecture emphasizing scalability, user-friendliness, and interoperability, Xai is strategically positioned to harness the rapid expansion in the gaming sector. Through the abstraction of blockchain complexities, Xai aims to seamlessly onboard millions of gamers into web3 experiences.
Why is XAI Price Up?
XAI has surged by over 24% in the past 24 hours, reaching a record-breaking price of $1.08 at the time of this report, according to CoinMarketCap data.
In the recent airdrop conducted last week, tokens were distributed 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 peak price of XAI as of now.
