Key Takeaways:
- Xai is a gaming-dedicated Layer 3 blockchain built on Arbitrum aiming to integrate traditional gaming with Web3 and has its native ERC20 token, XAI.
- Xai gained new listings on exchanges like Crypto.com, Binance, and KuCoin.
- Despite a fruitful start in January and February with multiple new listings, March has seen no new exchange additions for Xai.
YEREVAN (CoinChapter.com) — Xai, a Layer 3 blockchain tailored for gaming and built on Arbitrum, aims to bridge traditional and Web3 gaming by leveraging scalability, low costs, and seamless in-game trading.
With its native ERC20 token, XAI, operating within the Arbitrum One ecosystem as a gas token, Xai facilitates in-game transactions and node operations. By enabling the open trade of in-game items without necessitating direct crypto wallet interaction, Xai promises a smoother integration into Web3 gaming, removing barriers for users.
Nonetheless, Xai has had several new listings over the last three months. Let’s dive and look at Xai’s progress in this field so far.
XAI’s First Listings of the Year
The year kicked off for Xai rather eventfully. Xia debuted on several exchanges after an approximate 35% surge in its market value.
For example, Xai debuted on crypto exchanges like Crypto.com. Crypto.com’s listing was followed by integration into the ecosystems of Binance and KuCoin respectfully. An integration on giant platforms like Binance and Crypto.com means a lot for companies that want to increase their market scopes, especially in niche markets like Web3 gaming.
Many New Listings In February
February saw further expansion and embrace. For example, Xai was welcomed by CoinEX, DigiFinex, Gate.io, and LBank’s.
These listings also offer the opportunity to make XAI more accessible just by the sheer number of new listings. In general, crypto of most kinds doesn’t shy away from the approach of “the more, the better” to gain liquidity, considering how desperately blockchain technology craves acceptance and adoption in today’s fiance climate.
Compared to January and February, March seems rather uneventful. So far, there are no new listings for Xai. But considering the notion that the year so far has been good, maybe this is a ripe opportunity to focus on other things.
An opportunity for Xai to take up roots in the exchanges it debuts on, to make its presence more noticeable. Maybe focus on additional tech solutions to further evolve and grow. Let’s wait and see, dear readers.
XAI Ascending Channel Analysis
According to crypto analysts and Xeratti, who goes by “breakout_expert,” Xai’s price movement is a generally upward trend that is sometimes named an ascending channel as of March 24, 2024. More specifically, the price zigzags upwards between two parallel lines.
$XAI Current view
— CryptoBreakout_trade (@breakout_expert) March 24, 2024
One of the recent popular assets.
It has formed a nice ascending channel.https://t.co/D6adSbGP81
Seems to have bounced from the channel support.
If the uptrend continues, it will likely target the channel's upper band.
Keep following.#Crypto #Layer2 #defi pic.twitter.com/Rrb5GA8e7U
According to the analyst, the price dipped however didn’t fall below the bottom line of this upward channel, which is positive. Moreover, the analyst suggests that if this upward trend keeps going, the price can rise towards the top line of the channel. By that indicating more growth in value. Lastly, the analyst advises people to keep an eye on Xai, especially If the upward trend persists.
