This Enjin Coin Price Prediction article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our ENJ price analysis and prediction. Nowadays, people are showing huge interest in cryptocurrency. In fact, there are many cryptos that surged to a new all-time during this bull run. In contrast, some crypto also had a downtrend. Consequently, many traders and investors are confused about whether it is time to sell or hold out for a good price.
We are searching data for your request:
Upon completion, a link will appear to access the found materials.
- What is Enjin? What to Know About the Blockchain-Based Gaming Platform
- NRG Esports begins partnership with Enjin Coin
- Enjin Coin (ENJ) price
- Enjin Coin Receives Regulatory Approval in Japan, ENJ Surges 75%
- Enjin: powering the metaverse
- Enjin Coin and the Future of Gaming
- Enjin Coin Price Prediction
- Enjin Coin (ENJ): What It Is — and How It’s Paving The Way For NFTs
All rights reserved. Charles St, Baltimore, MD Dropping more than Much like how crypto in general has moved in waves, yet has steadily increased in value over time, the same thing could happen here with meta-themed digital assets.
This category of cryptos could continue to pullback as traders may have put the cart before the horse. First at the company behind it, then at the coin itself. As the name suggests, this is a native token of Enjin , a platform that enables sites within its ecosystem to create non fungible tokens NFTs , including in-game NFTs such as virtual real estate. Also, as my InvestorPlace colleague Mark Hake recently discussed, ENJ has a feature that makes it unique to other metaverse-focused cryptocurrencies.
Taking this into account, it may have a shot of catching up to — and surpassing — its larger, more well-known rivals. However, it may not be this way forever. In turn, this means an eventual move to higher prices. If Efinity fails to take off and this crypto ends up becoming an also-ran, its value will fall substantially from where it is today. If its network does take off, and it becomes a leading crypto in this area, it could reach a valuation far above where it is today.
Yet a move to a valuation in the tens of billions may not be out of its reach. The metaverse may seem more than a fad, given that the tech establishment seems to believe its the next digital frontier. Speculators got ahead of themselves, pricing in a lot of future potential into meta-themed coins.
This has started to unravel and could continue to do so in the near-term. Even so, if you are bullish on the long-term potential of the metaverse and are mulling an investment in a meta-themed crypto, going with Enjin Coin rather than its larger peers may be the way to go. On the date of publication, Thomas Niel held a long position in Ethereum. He did not have either directly or indirectly any positions in any other securities mentioned in this article.
The opinions expressed in this article are those of the writer, subject to the InvestorPlace. Thomas Niel, contributor for InvestorPlace. Stocks to Buy. Growth Stocks. Close Menu. Log in. Log out. Premium Services Our Analysts. Sponsored by. Source: Shutterstock. Sponsored Headlines.
More from InvestorPlace. Subscriber Sign in Username. Sign in. Having trouble logging in?
What is Enjin? What to Know About the Blockchain-Based Gaming Platform
However, at the time of writing, Enjin Coin ENJ looked towards a recovery noting higher daily gains than the larger market. Well, until the third quarter, most of the aforementioned Metaverse tokens strictly adhered to the broader market trend. But now, a couple of other factors are responsible for the sudden rise in price for Enjin as the larger market looks relatively weak. In tandem with prices, social volumes for ENJ rose even though they were still lower as compared to the November high.
NRG Esports begins partnership with Enjin Coin
It has a market cap rank of 67 with a circulating supply of ,, and max supply of 1,,, Enjin Coin is traded on exchanges. It is used primarily on the blockchain gaming platform with the same name for tokenizing in-game items and as a means of value exchange between players. Enjin is a Singapore-based company that has been running its business in the gaming industry ever since It has one of the biggest gaming platforms with the support of over , gaming communities and 20 million registered players. In , the company decided to switch its business to the blockchain rails in order to provide its users with such benefits as increased data security and irreversible transactions. Gamers exchange virtual goods on the blockchain using the ENJ coin to conduct transactions.
Enjin Coin (ENJ) price
Singapore, Singapore-- Newsfile Corp. Payment in ether ETH , the native token of the Ethereum blockchain will be accepted for both the pre-sale and public sale. The public crowdsale will run from Oct. A total of ,, ENJ will be available to the public during the public sale phase.
Enjin Coin Receives Regulatory Approval in Japan, ENJ Surges 75%
Founded by Maxim Blagov and Witek Radomski in , Enjin was built primarily to serve the gaming community. The year was a phase when the real world had picked up significant momentum in video gaming, and online mediums had become a fad. Enjin coin price prediction has been mentioned here in detail. Trade Enjin Now Right from non-fungible tokens NFTs to digital vouchers spreading their wings to goods, the Enjin ecosystem is committed to serving an expansive community that could utilize the multichain advantages across numerous video games too. Building strengths from quality product offerings, existing community of users and strategic partnerships with leading brands, and inherent exposure to the rapidly growing NFT market, Enjin Coin ensured it created a digital realm around itself and made its presence felt across all platforms from PC to mobile.
Enjin: powering the metaverse
All rights reserved. Charles St, Baltimore, MD Dropping more than Much like how crypto in general has moved in waves, yet has steadily increased in value over time, the same thing could happen here with meta-themed digital assets. This category of cryptos could continue to pullback as traders may have put the cart before the horse. First at the company behind it, then at the coin itself. As the name suggests, this is a native token of Enjin , a platform that enables sites within its ecosystem to create non fungible tokens NFTs , including in-game NFTs such as virtual real estate.
Enjin Coin and the Future of Gaming
ENJ Price Calculator. Binance has the lowest transaction fee rate amongst all major trading platforms. The highest and lowest price paid for this asset in 24 hours. All Time High.
Enjin Coin Price PredictionRELATED VIDEO: Enjin Coin nedir? İnceleme ve Yorum
The deputy finance minister Alexei Moiseev told reporters on Tuesday that Russia acclaims its position not to ban cryptocurrencies. CryptoGround Team Oct 14, MoneyGram International has announced a massive partnership to strengthen its crypto endeavors. This week, the company confirmed that it had partnered with the Stellar Development Foundation to integrate USDC transfers and convers
Enjin Coin (ENJ): What It Is — and How It’s Paving The Way For NFTs
The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. When you return to goldprice.
As of a. ET, these three tokens lost This sell-off is a continuation of what we saw unfold on Friday.