The Enjin Coin price has collapsed to the lowest level since October 28th as the cryptocurrency sell-off accelerates. The ENJ...
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
Enjin Coin price is hovering near its lowest level this year as market conditions deteriorate. The ENJ token has collapsed...
The Enjin Coin price has held steady in the past few weeks as the demand for non-fungible token (NFT) rise....
The Enjin coin price has retreated from trend line resistance over the last week and is now glued to the...
The Enjin Coin price has been in a tight range in the past few weeks. ENJ is trading at $1.6854,...
The Enjin Coin price has failed to establish a trend following the recent contact with the lower trend line of...
The Enjin Coin price is at its lowest this month, having just broken below $0.10000. However, ENJ may benefit from...
The ENJ/USDT pair is trading 0.63% higher ahead of the Jubilee weekend in the UK. Thursday’s price action has been...
The Enjin Coin price has struggled in the past few weeks even after some positive developments about the ecosystem. The...
The Enjin coin price correction gathered pace yesterday, driving the ENJ token 30% below last week's seven-month high. However, ENJ has climbed 16% from yesterday's low as the bulls fight to keep the rally on track. But for that to happen, the price must hold above critical support.