Here’s Why 0x0.ai (0x0) Surged 60% in 24 Hours

Crypto projects backed by industry leaders and OGs are likely to gain traction within the community. This often leads to significant spikes in trading volumes and asset prices. This is the case of 0x0.ai (0x0), the native cryptocurrency of the privacy artificial intelligence (AI)-powered crypto trading platform, 0x0 Exchange.

Within the last 24 hours, 0x0 has rallied by at least 60%, according to data from CoinMarketCap. The excitement surrounding the token can be traced to an announcement that revealed the project’s team had a call with Changpeng Zhao (CZ), the founder and former CEO of the world’s largest crypto exchange, Binance.

As news of the call spread, 0x0 experienced a sharp spike from $0.067 to $0.118. This represented a 76% increase within a span of less than two hours. At the time of writing, the asset was trading around $0.100. Its 24-hour trading volume was at $2.53 million, signaling a 1,016% growth. 0x0.ai’s market cap had also increased by 50% to $87.65 million, reflecting increased purchases from traders.

CZ Backs 0x0 Exchange

Earlier today, 0x0 Exchange’s Head of Growth, Clemens Walter, announced on the project’s Telegram channel that he had just finished a call with CZ’s executive team. The call had more than ten people in attendance, including the exchange’s pseudonymous lead developer, Hagelin, and CZ himself.

According to screenshots of Walter’s announcements obtained by the pseudonymous crypto trader Ken, the call was initially scheduled for 30 minutes. However, CZ and his team were intrigued, and the conversation lasted more than an hour.

After introductions and a demo presentation of 0x0 Exchange’s just-launched privacy wallet, Arcane, CZ, and his team made inquiries on how they could be of help. They have opened a private group chat with the team to continue the conversation there.

“CZ took over and asked us how he can best support us. He said that we are obviously not there yet, and he is ultimately interested in Spectre, but that what we have built so far is very cool. He offered to connect us with his team so they can offer help on the development side and anything else we may need help with,” Walter stated.

The best part of the call, according to Walter, was when the Binance founder revealed that he was open to investing in the 0x0 Exchange if needed.

Clarifying Rumors About The Call

With the 0x0 community getting excited about the call, rumors began to spread. So, the 0x0 Exchange team has taken to X to clarify the news. 

CZ commended the project on the work done so far, but stated that it is not yet where it needs to be. He pointed out that the main goal is delivering the platform’s perpetual privacy decentralized exchange, Spectre. The Binance founder only offered his support and connected 0x0 developers with his team; no investments have been made yet.

0x0 Exchange stated that it is now diligently working towards its ultimate goal, with advice and support from CZ’s team.

“We have poured our blood, sweat, and tears into this project for the last 2 1/2 years, and it was a very special day for the team and our community, who have been with us through thick & thin,” the exchange said.

Meanwhile, 0x0 Exchange has an ongoing giveaway program to commemorate the launch of the Arcane Wallet. It aims to reward users who have amassed significant trading volumes within a week after the launch.