Enjin Coin (ENJ) looks potentially set for a recovery, following some pronounced price lows. This follows
multiple bullish patterns aligning with a breakout and retest, suggesting ENJ could give investors considerable returns moving forward. Despite issues such as Coinbase confirming plans to delist Enjin Coin and plunges in its price, Enjin Coin is seemingly undeterred, holding its own amongst the top metaverse tokens. Binance has notably introduced a 'risk warning' while adding, among others, IOTA and Chiliz. However, Enjin's ongoing 'risk' seems to be resulting in a bullish trend after a deep retrace. Still,
ENJ also has struggles in countering the looming downtrend. Upcoming events of interest include an increase in Validator Limit on April 28th and a Matrixchain Upgrade on March 24th. In Japan, Enjin Coin has become the first gaming cryptocurrency to garner regulatory approval for use and has surged 71%. Enjin Coin also recently announced the release of its Blockchain, featuring native support for Circle's USD Coin on Base and Optimism Networks. In general, ENJ’s price movements and overall recent developments postulate high-reward, low-risk buy-the-dip opportunities for investors. However, as with any crypto investment, due diligence remains essential.
ENJ Coin News Analytics from Mon, 23 Oct 2017 09:31:08 GMT to Wed, 07 May 2025 15:15:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 4
