ENJ is a token of the platform Enjin Coin. Its current price is around $0.471 at the time of writing, with a low of $0.2316, and it has a market cap of 471 million dollars.
What is Enjin Coin (ENJ)?
ENJ is the coin of the Enjin Coin platform, which is around $0.471 at the time of writing, with a low of $0.2316. It reached a high of $2.19, and its current ranking is #87, according to CoinMarketCap, with a market cap of 471 million dollars.
Enjin Coin (ENJ) is an Ethereum-based token that supports non-fungible tokens (NFTs). It allows individuals, businesses, and brands to create and manage NFTs easily. ENJ provides direct value to NFTs minted using the Enjin platform. In addition, ENJ tokens can be used as an in-game currency and to mint virtual goods across multiple gaming platforms with Enjin’s wallet.
ENJ is a blockchain service that offers many features to help simplify the development of metaverse games. Furthermore, it contributes to the advancement of new gaming innovations, making it easier for developers to unlock new possibilities in their creations. Enjin offers a wide range of products and services, including the Enjin Wallet, Enjin Network, and QR codes with the help of Enjin Beam. Additionally, they also offer asset-minting capabilities on their platform.
ENJ Coin Market Analysis
ENJ has a total supply of 1,000,000,000 coins worth around $0.471 with a market volume of 30 million dollars, whereas the market capitalization is 471 million dollars at writing. Therefore, Enjin Coin (ENJ) and other digital assets can be traded on the platform’s marketplace. This is beneficial as it helps encourage more users to join the network, creating positive network effects for the project.
ENJ Price Prediction
According to our analysis, Enjin Coin’s price for the year 2023 should be between $0.9 and $1.35, with an average price of approximately $1.13. In the 4H timeframe, the price action of $ENJ/USDT consolidates inside the Ascending triangle. We must wait for a successful breakout or breakdown to confirm its next move of $ENJ.
For any time, on-demand analysis on $ENJ or any other coin can join our Telegram channel.
Closing Thoughts
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.
