Xai, a token created to revolutionize trading in the upcoming era of video games, has surged to the top of the trending list on CoinMarketCap thanks to excitement surrounding an airdrop and its listing on Binance Launchpool.
As per CoinMarketCap’s latest report on Jan. 16, Xai (XAI) has been identified as the most trending token. The project aims to empower traditional gamers to own and trade valuable in-game assets in their favorite games without the need for complex crypto-wallets.
At the time of this report, the token’s price sits at $1.01, marking an 8% increase in the past 24 hours. This growth surpasses that of similar tokens in the Arbitrum Ecosystem, which only saw a 1.7% rise during the same period.
Unlike other top performers like Chiliz (CHZ), Klaytn (KLY), and Blur (BLUR), Xai’s recent market buzz can be attributed to announcements made on Jan. 3. This included a token distribution through an airdrop, rewarding early Xai NFT collectors and providing benefits to those acquiring sentry keys for validator nodes, enhancing the network’s transaction capabilities.
On the same day, Binance added Xai as the 43rd project on its Launchpool, enabling users to farm XAI tokens. This move marked a significant milestone for Xai, expanding its reach to a wider audience through one of the leading cryptocurrency exchanges.
The token has since experienced a remarkable 65.8% growth for the week, outperforming the overall global crypto market, which is currently down by 0.1%.
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