CoinMarketCap: Xai game token takes the lead in trending reports
Xai, a cryptocurrency created specifically for the next generation of video games, has emerged as the most popular coin on CoinMarketCap. This comes after the excitement surrounding an airdrop and its listing on Binance Launchpool.
According to CoinMarketCap’s latest report on trending tokens, Xai (XAI) has claimed the top spot. The project aims to empower billions of traditional gamers by allowing them to own and trade valuable in-game items without the need for a crypto-wallet.
As of now, the token is valued at $1.01, experiencing an 8% increase in the last 24 hours. This growth surpasses other tokens in the Arbitrum Ecosystem, which only saw a 1.7% increase during the same period.
However, unlike the current top gainers, Chiliz (CHZ), Klaytn (KLY), and Blur (BLUR), the excitement surrounding Xai is said to stem from announcements made earlier in January. On January 3, the project initiated a token distribution through an airdrop, rewarding early Xai NFT collectibles holders and offering additional benefits to those who acquired sentry keys for operating validator nodes. This significantly contributed to the network’s transaction processing.
Furthermore, on the same day, Xai was listed as the 43rd project on Binance Launchpool, allowing users to farm XAI tokens. This milestone marked a significant achievement for Xai, as it gained exposure to a wider audience through one of the leading cryptocurrency exchanges.
Since then, the token has witnessed a remarkable 65.8% growth over the week, outperforming the global crypto market, which experienced a negligible 0.1% decrease.
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