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The native coin XAI of the arbitrum-based "Layer 3" network Xai blockchain recently saw a significant increase. With a market valuation of $311 million, the price of XAI is up 24.69% at $1.12 as of the time of publication. Earlier today, the price of XAI also experienced a 40% increase.
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Why Is the Price of XAI Rallying?
The Xai gaming network on Ethereum scaler Arbitrum recently reached a significant milestone when it launched its first airdrop last week, giving early adopters and supporters 125 million XAI tokens. The goal of this action was to recognize and encourage the community's early involvement.
Last week, the XAI coin made its market debut, initially valued at roughly $0.77. It did, however, experience the usual volatility that comes with the introduction of additional tokens, momentarily plunging to $0.45.
The token proved resilient in the face of this initial decline, and by early Sunday, its price had begun an amazing rise from roughly $0.60. According to the most recent sources, in just one and a half days, the token's value has increased significantly by around 87%. Furthermore, the price surge was further fueled by Binance launching the XAI token.
The increase in value not only emphasizes the fluid character of token markets but also the excellent reception and market excitement surrounding the airdrop and token launch of the Xai gaming network on the Ethereum scaler Arbitrum. As the XAI token continues to make headlines in the cryptocurrency industry, investors and enthusiasts are keeping a careful eye on it.
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NFT Collectors for Xai Network Airdrop Rewards
The Xai gaming network this week airdropped tokens to owners of early Xai NFT collectibles and users who obtained Sentry Keys for running validator nodes, which are essential for processing network transactions. This was done as a calculated move to reward early participants and strengthen network support.
Sentry node operators received a big windfall: they could claim 1,658 XAI,
which is presently worth about $1,860, for every owned node. Owners of the
Xai Vanguard NFTs could simultaneously claim 1,307 XAI per NFT, or more
than $1,460 at the current token price.
As per the most recent estimates, the total estimated worth of the airdrop has increased significantly, from an original estimate of roughly $70 million immediately after the token launch last week to an astounding $140 million.
This increase in value confirms the network's dedication to rewarding early contributors and encouraging active participation in the ecosystem. It also highlights the effectiveness of the Xai Network's airdrop approach and highlights the significant rewards for members. As the Xai Network continues to make headlines in the cryptocurrency sector, stakeholders and investors are intently watching its changing dynamics.
Given the considerations that have been addressed, it is expected that XAI will fluctuate between $1.070 and $1.466. In the event that this projection's upper bound is reached, there might be a significant increase of over 35%, which would push XAI to $1.466.