XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance.
XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutro.
The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding the listing did not protect the token from today’s general market downturn.
XAI is trading at $0.55 after seeing its price fall by over 18% over the last 24 hours. The 24-hour trading volume stands at $323 million as of press time. Still, the mostly positive social mention sentiment shows that the market reaction to the listing was likely positive, and the downturn is to be attributed to market forces alone.
XAI aims to create real economies and open trade in video game ecosystems, allowing players to own and trade in-game items without using crypto wallets. The network also wallows independent node operation and rewards maintainers with tokens and access to governance.