Enjin Coin (ENJ) has seen significant price volatility, ranging from falling to a 5-year low to surging 50% and even soaring 60% with trading volume increasing by 2,400%. Its market position has been influenced by both minor and major developments. The coin has earned the highlight of being the top 5 game coins in Web3 and the first regulatory approved gaming token in Japan, implying remarkable intrinsic value within the gaming industry. However, it has also faced major setbacks with Coinbase confirming plans to delist ENJ, leading to a substantial price plunge. Regardless, it bounced back after announcing the release of its blockchain and supporting Circle's USD Coin on Base and Optimism networks. Despite this achievement, cryptocurrency exchange Dukascopy also intends to delist ENJ. The tokenomics, price predictions, and steps to purchase ENJ have caught the interest of potential investors, thus increasing its market visibility. Notably, the crypto had a historic partnership with Samsung, causing a price surge. Despite a temporary withdrawal suspension, its market cap and USD price have remained stable. However, observers have cautioned against a dead cat bounce. Worthy of mention is ENJ's development as a platform in the metaverse token space alongside Sandbox (SAND), Decentraland (MANA), and Bloktopia (BLOK). Lastly, ENJ underwent a Network Migration supported by Binance, with other major exchanges also listing it.
ENJ Coin News Analytics from Mon, 23 Oct 2017 09:31:08 GMT to Wed, 07 May 2025 07:00:00 GMT -
Rating 3
- Innovation 8
- Information 9
- Rumor -4
