The Enjin Coin price has held steady in the past few weeks as the demand for non-fungible token (NFT) rise....
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
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.
The Enjin Coin price has been a significant beneficiary of the hype surrounding Metaverse and play-to-earn crypto projects. Enjin Coin...
Facebook’s announcement on a major rebrand to position it as a player in the Metaverse ecosystem has led to a...
Enjin Coin (ENJ) surged above $2.00, reaching a five-month high of $2.5938 on Friday as a wave of optimism enveloped...
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 tests the critical support of a rising trend line, and ENJ must hold the line to...
The Enjin Coin price rally has reversed hard in the last 24-hours. But does it spell Enjin trouble, or will...
The Enjin Coin price is at its lowest this month, having just broken below $0.10000. However, ENJ may benefit from...
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