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Enjin Coin

What is Enjin Coin?

Enjin coin is an Ethereum based Crypto that supports non-fungible TOKENS (NFTs). The platform has one of a kind digital assets representing ownership and created on the Enjin gaming platform.

Enjin coin was launched on Ethereum in June 2018 by co-founders Witek Radomski and Maxim Blagov.

The platform’s native cryptocurrency is ENJ. Every time a new NFT is minted on the network, some ENJ is created with the token. In addition, the enjin platform offers software developer kits (SDKs), providing developers with the tools to build their NFTs on Ethereum and to merge them with applications of their choice or gaming ecosystems.

The Enjin token supply is set at one billion ENJ, a fixed amount.

Is Enjin Coin a Good Investment?

Just like all volatile altcoins, Enjin is a very risky investment. Investors who purchased Enjin Coin before 2021 are up 10x on the investment, while those who purchased the coin around its peak are down 50% or more. 

However, as of January 7, 2022, the Enjin coin was valued at $2.41 and being a metaverse token that is popular and has good utility, ENJ may attract investors. It is ranked 5th among metaverse tokens by market capitalisation.

That said, it’s essential to do your research and only invest what you can afford to lose.

Enjin coin latest news

Cryptocurrencies
·Aug 26, 2022, 15:57 BST

Enjin Coin Price Prediction: Is It Recovery Time?

The Enjin Coin price has failed to establish a trend following the recent contact with the lower trend line of...
Read More
Cryptocurrencies
·Aug 19, 2022, 16:50 BST

Enjin Price Prediction: Why ENJ is Plummeting

Since August 13, the Enjin price has trended downwards. However, it wasn’t until the next day that the current aggressive...
Read More
Cryptocurrencies
·Aug 12, 2022, 14:58 BST

Enjin Price Prediction: Is Horizontal Trend Over?

Since August 5th, the Enjin price has struggled to establish a trend and instead traded in a sideways market. Today,...
Read More
Cryptocurrencies
·Aug 02, 2022, 16:56 BST

Enjin Price Prediction: Outlook Still Bullish Despite Today’s Drop

The focus on data and web3 technology has continued to push Enjin price up in the markets. In July, the...
Read More
Cryptocurrencies
·Jul 27, 2022, 15:07 BST

Enjin Price Prediction: What Next After Today’s Bullish Trend?

In yesterday’s trading session, Enjin price showed all the signs of a price reversal, with prices surging by almost 5...
Read More
Cryptocurrencies
·Jun 02, 2022, 14:50 BST

Enjin Coin Price Prediction: There is Potential for a Further Drop

The ENJ/USDT pair is trading 0.63% higher ahead of the Jubilee weekend in the UK. Thursday’s price action has been...
Read More
Cryptocurrencies
·May 19, 2022, 11:17 BST

Enjin Coin Price Prediction: ENJ Has Not Bottomed Yet

Enjin Coin price is hovering near its lowest level this year as market conditions deteriorate. The ENJ token has collapsed...
Read More
Cryptocurrencies
·Jan 28, 2022, 04:41 GMT

Enjin Coin Price Has Crawled Back. Time to Buy ENJ?

The Enjin coin price has made a strong recovery in the past few days as investors attempt to buy the...
Read More
Cryptocurrencies
·Jan 21, 2022, 05:33 GMT

Enjin Coin Price Prediction: ENJ Faces Key Risks Ahead

The Enjin Coin price has collapsed to the lowest level since October 28th as the cryptocurrency sell-off accelerates. The ENJ...
Read More
Cryptocurrencies
·Jan 14, 2022, 06:25 GMT

Enjin Coin Price: This Pattern Points to a Bearish Breakout

The Enjin coin price has been under pressure as concerns about the future of non-fungible tokens (NFT) in an era...
Read More
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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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