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Xai Price Prediction 2024: Can XAI Hit New Heights?

Last Updated March 22, 2024 11:09 AM
Giuseppe Ciccomascolo
Last Updated March 22, 2024 11:09 AM

Key Takeaways

  • Xai launched its XAI coin on January 9, 2024.
  • The price kept increasing after XAI launch, pasting $1.30 before retracing.
  • One price prediction says it may reach $11.88 in 2025.

The world of cryptocurrency is always evolving, and there are always new coins and tokens emerging. One such project is Xai (XAI), a cryptocurrency designed specifically for gamers.

Xai is based on the Arbitrum (ARB) Layer-2 platform, which makes it fast and efficient. This means that users can, at least in theory, trade and exchange in-game items without having to worry about slow transaction times or high fees.

The Xai network is also open and decentralized, which means that anyone should be able to participate in its governance. This gives gamers a say in how the network is developed and maintained.

Xai did not immediately respond to a request for comment

But what is Xai (XAI)? How does Xai work? Let’s see what we can find out, and also take a look at some of the Xai price predictions that were being made as of March 22, 2024.

Xai Price Prediction

Let’s examine some of the Xai price predictions being made on March 22, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2026
Prediction #1 $2.82 $3.33 $9.59
Prediction #2 $3.12 $11.88 $10.09
Prediction #3 $1.67 $1.99 $5.92

Xai Price Prediction for 2024

DigitalCoinPrice  said that XAI would reach $2.82 this year. CoinDataFlow  thought the token would trade at $1.12. Crowdwisdom  argued Xai would be valued at $1.67 by the end of the year.

Xai Price Prediction for 2025

Moving on, Crowdwisdom thought Xai would trade at $1.99 in 2025. DigitalCoinPrice had the token coming in at $3.33 that year. CoinDataFlow said XAI would be worth $1.80 next year.

Xai Price Prediction for 2030

Looking at a more long-term Xai price prediction, CoinDataFlow said the token would hit $5.00 in 2030. Crowdwisdom suggested it would reach $5.92 that year. DigitalCoinPrice made an XAI price prediction that had it trade at $9.59 at the start of the next decade.

Google BardAI Price Prediction for Xai (as of March 22)

Google’s BardAI platform gave the following price prediction for Xai on March 22. Please remember that price predictions are very often wrong and that artificial intelligence should not be trusted.

Short Term (Next 3 months)

  • Price range: $0.000526 – $0.000728
  • Reasons:
    • Overall market sentiment: If the cryptocurrency market is bullish, Xai’s price could see an increase. Conversely, if the market is bearish, Xai’s price could decline.
    • News and events: Any positive or negative news about Xai or the cryptocurrency industry could affect its price.
    • Fundamentals: The underlying technology and development of Xai could also influence its price.

Medium Term (Next 6 months)

  • Price range: $0.89 – $1.62
  • Reasons:
    • The overall performance of the cryptocurrency market: If the cryptocurrency market continues to grow, XAI could also see an increase in price.
    • The company’s progress on its roadmap: If XAI makes significant progress on its roadmap, such as launching new products or expanding into new markets, this could also boost the price of the token.
    • The level of adoption by businesses and institutions: If more businesses and institutions start using XAI, this could also lead to an increase in demand for the token and a higher price.

Long Term (Next 5 years)

  • Price range: $0.811202 – $1.904746
  • Reasons:
    • The adoption of XAI by gamers: If XAI becomes widely adopted by gamers, it could increase the demand for the token and drive up its price.
    • The development of new features and services: If XAI develops new features and services that are attractive to gamers, it could also increase the demand for the token and drive up its price.
    • The overall performance of the cryptocurrency market: The price of XAI is also likely to be affected by the overall performance of the cryptocurrency market. If the cryptocurrency market as a whole is bullish, XAI is likely to follow suit. However, if the cryptocurrency market is bearish, XAI is likely to decline in price.

Recent Updates from Xai

Xai announced  its strategic partnership with the Media Indie Exchange (MIX) on March 20, 2024. Over the last decade, the MIX has cultivated a network of thousands of indie games and will introduce over 100 of these games to $Xai within the next year.

It said: “This partnership will lead to a flourishing ecosystem featuring high-quality indie games with active economies, developed by some of the world’s best game developers. Many of these games are already available on Steam, which will significantly increase the chain’s active wallets and daily transaction volume.”

“More importantly, this collaboration will establish a diverse portfolio of gaming entertainment for the Xai community and propel the web3 industry forward. Such an achievement is only made possible with $XAI.”

XAI Price History

Now, let’s examine the Xai price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret an Xai price prediction.

XAI first came onto the open market on January 9, 2024, when it was worth about $0.6767. It went up steadily, breaking past $1.20 on January 17, 2024. XAI then increased further, hitting $1.28 at the time of writing (March 22, 2024). Earlier that day, it reached it highest level of $1.3185.

Xai price history
Xai price in 2024 | Credit:CoinMarketCap
As of March 22, 2024, there were 277.1 million XAI in circulation, out of a total supply of a little over 1 billion. This gave Xai a market cap of about $353.9 million, making it the 225th largest crypto by that metric.

Xai Price Analysis

Xai Price Analysis
Will XAI hit $2?

After it came out on January 9, XAI rose until it reached $1.60 on February 25. This high was later retested on March 11 and proved it serves as a resistance level, causing a downturn. 

XAI dropped 38% to a low of $1 on March 19, after which the price bounced. The following recovery led XAI to an interaction with the support, now being tested for resistance at $1.30. 

If rejected, XAI could fall to $0.87. When we saw a breakout below the ascending support, we received a confirmation that its bullish structure had been completed.

This is why XAI is, most likely, in its corrective stage, with more downturns to come before it ends. But after it does, we could see the start of a new uptrend that would bring the price above $2. 

Is Xai a Good Investment?

It is hard to say. The token’s price has shot up after its launch, but there may already be signs of a downturn.

On the other hand, there are good reasons for Xai’s recent price surge, with new developments getting investors attention.

As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in XAI.

Will Xai go up or down?

No one can really tell right now. While the Xai crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.

Should I invest in Xai?

Before you decide whether or not to invest in Xai, you will have to do your own research, not only on XAI, but on other coins and tokens such as Filecoin (FIL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Xai?

Xai is developed by Offchain Labs leveraging Arbitrum technology.

Who Owns the Most Xai (XAI) Tokens?

On March 22, 2024, one wallet held 17.49% of XAI’ supply.

Richest XAI Wallet Addresses

As of March 22, 2024, the five wallets with the most Xai tokens were

  • 0x5400f813c90880cb516ece7312fb9094feb2f101. This wallet held 175,000,000 XAI, or 17.49% of the supply.
  • 0x20aabb9e85b3e47c654aecbb2a3bd0c1af977996. This wallet held 107,421,875 XAI, or 10.74% of the supply.
  • 0x2444c4054a66a07300d50ac783c4dd1f2228e38e. This wallet held 107,421,875 XAI, or 10.74% of the supply.
  • 0x1f941f7fb552215af81e6be87f59578c18783483. This wallet held 101,069,260 XAI, or 10.10% of the supply.
  • 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 100,000,000 XAI, or 9.99% of the supply.

Fact Box

Supply and distribution Figures
Total supply 2,500,000,000
Circulating supply (as of March 22, 2024) 277,118,150 (11.08% of total supply)
Holder distribution Top 10 holders owned 72% of supply, as of March 22, 2024

From the Whitepaper

In its technical documentation, or whitepaper , Xai says it was developed to enable real economies and open trade in the next generation of video games.

With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance.

Xai (XAI) Explained

Xai was created to facilitate genuine economies and unrestricted trade within the next wave of video games. Through Xai, possibly billions of conventional gamers now have the opportunity to possess and exchange valuable in-game assets within their beloved games for the very first time, all without requiring crypto wallets. Participation in the Xai network is open to everyone through the operation of a node, enabling them to earn network rewards and engage in governance. Offchain Labs is the developer behind Xai, harnessing Arbitrum technology for its development.

How Xai Works

Xai  empowers traditional gamers to participate in open trade, allowing them to trade in-game items in their favorite games without the necessity of interacting with crypto wallets. The Xai network is open and decentralized, enabling anyone to operate a node, receive network rewards, and participate in governance.

Xai Attention Tracker

Xai Google search volume
Xai Google search volume for the last 90 days. l Credit: Google
Here is a chart for Xai XAI’s Google search volume for the past 90 days. This represents how many times the term “Xai XAI” has been Googled over the previous 90 days.

FAQs

How many Xai are there?

On March 22, 2024, there were 277.1 million Xai in circulation out of 1 billion of the total supply.

Will Xai reach $10?

It might reach a double-digits figure in 2025, according to CoinDataFlow.

What is Xai used for?

Xai is built to enable open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to interact with crypto-wallets.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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