Three major reasons behind the BTC crash and the rise of XAI, a new star in the blockchain game

Recently, BTC has experienced a sharp drop. There are three main reasons behind this:

First, the Fed's possible interest rate hike has had a significant impact on the market. The expectation of an interest rate hike has caused investors to worry about the cost of funds, which in turn has affected market sentiment.

Secondly, the large outflow of funds is also an important factor in the BTC crash. This week, the outflow of funds is close to 200 million US dollars, which undoubtedly puts great pressure on the market.

Finally, the remarks of Federal Reserve Chairman Powell also had an impact on the market. He said that the interest rate cut this year may not exceed 25 basis points, and professionals analyzed that if deflation subsides, there may be 2-3 interest rate cuts. Such changes in expectations have brought a lot of shocks to the crypto market.

Against the background of BTC capital outflow, market funds have begun to disperse to various sectors, among which the blockchain game field is particularly worthy of attention. In particular, the XAI project, as a 3-layer expansion network of Ethereum, has been deeply involved in the game field for many years and has recently ushered in a major update.

XAI launched the Pioneer Genesis event on GALXE, which brings together many games and tasks. Its strong project background and latest updates make it likely to become the leader in the blockchain game field and the wed3 game platform with the most partners. This milestone development will greatly promote the progress of the blockchain game industry.

This event is different from the past and is expected to attract 105,000 new users and form an active community. Community members also have the opportunity to receive airdrop rewards, which undoubtedly increases user participation and stickiness.

Looking to the future, although XAI faces a tortuous development process, it is expected to become the backbone of wed3 games. At present, its market value and coin price are relatively low, and it is a high-quality project worth deploying.

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