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XRP's Hot New Rival: XAH Token Soars 441%, Outshining Original

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Mon, 4/12/2023 - 11:25
XRP's Hot New Rival: XAH Token Soars 441%, Outshining Original
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In a surprising turn of events, XRPL is witnessing an unprecedented surge in the price of Xahau's native token, XAH, stealing the spotlight from the more established XRP.

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XAH, initially touted as the "modernized XRP" and known by the working name "XRP+," was designed to incentivize early adopters on the Xahau network. Based on a fork of the open-source XRP Ledger codebase, the network and token were introduced earlier this year with the ambitious goal of revolutionizing smart contracts within the XRPL ecosystem.

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According to data from Bitrue exchange, the price of XAH has experienced an astonishing 450% surge in the last 12 hours alone, reaching an impressive $0.65 per token. 

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Source: TradingView

This remarkable performance comes after a roller coaster ride since its listing in early November, where the token saw a 70% drop, followed by an extraordinary 630% gain, an 83% decline and now a new surge defying expectations.

Is there price manipulation going on?

As of now, XAH boasts a market capitalization of around $360 million, a remarkable feat for a relatively new and uncharted asset. With a self-reported circulating supply of 600 million XAH, the token's rapid ascent has caught the attention of the XRP community, prompting speculation about the forces behind these market dynamics.

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Whopping 2.12 Billion XRP Now Participate in This Airdrop

The burning question remains: is there a mastermind orchestrating these price movements, or is XAH's surge grounded in natural market forces? 

Whether this rally signifies the beginning of a sustained uptrend or it is just a fleeting impulse will likely remain a mystery, leaving traders and enthusiasts eagerly awaiting the next chapter of XAH's price chart.

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