The Impact of the XAI Price Surge
The Xai price surged 39% in the last 24 hours to trade for $0.8788 as of 6:05 a.m. EST time with a 168% jump in trading volume. Layer 3 (L3) token seems to have recovered swiftly after earlier massive profit-taking as investors cashed in on the recent airdrop.
Xai Price Prognosis After Airdrop Recipients Cashed In
On January 9, the network distributed XAI tokens valued at $70 million to eligible wallet addresses. The Xai Foundation announced that 125 million XAI tokens were sent to wallet addresses at the time, representing 5% of the total supply.
Xai Recovery
In the wake of profit taking, Xai price plunged 30%. It moved from an intra-day high of $0.7332 on January 11 to an intra-day low of $0.5300 the next day.
Converse Case
The RSI is deviating to the south, suggesting falling momentum. The histogram bars of the AO are also flashing red while the MACD teases with a bearish crossover, which will be executed once it crosses below the signal line (orange band).
Promising Alternative To XAI
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Addition to Your Portfolio
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Hot Take: Conclusion
While Xai navigates the aftermath of profit-taking, investors looking for the next big thing are turning their attention to presale coins like MK, a new GameFi token with the potential for 10X growth. It is among the top three presales to buy and also among a ranking of the best meme coins to buy now. Visit the Meme Kombat website to buy MK in the presale here.
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