CoinMarketCap: game token Xai tops trending reports

Xai, a token designed to open trade in the next generation of video games, ranked as the top-trending coin on CoinMarketCap following airdrop excitement and a listing on Binance Launchpool.

According to CoinMarketCap’s top trending report on Jan. 16, Xai (XAI) was reported as the top trending token. The project was released to enable billions of conventional gamers to own and trade valuable in-game items within their favorite games, eliminating the necessity for crypto-wallet usage.

At the time of writing, the token was at $1.01, an 8% increase in the last 24 hours. This is higher than similar tokens in the Arbitrum Ecosystem, which only reported 1.7% growth in the same period.

However, unlike today’s top gainers, Chiliz (CHZ), Klaytn (KLY), and Blur (BLUR), the market excitement from this project is said to come from announcements made earlier in the month on Jan. 3. On this date, the project initiated a token distribution through an airdrop, which included rewards for early Xai NFT collectibles holders and extended benefits to those acquiring sentry keys for operating validator nodes, contributing significantly to the network’s transaction processing. 

On the same day, the project announced that Binance listed Xai as the 43rd project on Binance Launchpool, allowing users to farm XAI tokens. This development marked another major milestone for Xai, as it gained exposure to a broader audience through one of the leading cryptocurrency exchanges.

The token has since hit 65.8% growth for the week, which is said to be outperforming the global crypto market, down 0.1%.