XAI has emerged as the second most talked-about cryptocurrency in the world of digital currency, thanks to its recent listing on the renowned crypto exchange, Binance.
As a blockchain token designed for gaming, XAI is gaining popularity rapidly and is only trailing behind Bitcoin (BTC) in terms of social media mentions. According to data from Santiment, 53% of these mentions express positive sentiment, 31% are negative, and the rest remain neutral.
The surge in interest in XAI can be attributed to Binance’s announcement of listing the token on its platform. However, despite the positive buzz surrounding the listing, XAI couldn’t escape the impact of the overall market downturn.
Currently trading at $0.55, XAI has experienced a significant 18% drop in its price over the past 24 hours. The 24-hour trading volume stands at $323 million, indicating a strong level of activity. Nevertheless, the prevailing positive sentiment on social media suggests that the market response to the listing was favorable, with the downturn likely influenced by external market factors.
XAI’s primary goal is to establish real economies and facilitate trade within video game ecosystems, enabling players to own and exchange in-game items without the need for crypto wallets. The network also supports independent node operation and rewards maintainers with tokens and governance privileges.
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