Enjin Coin (ENJ) price has jumped over 60% in 24 hours, breaking out of a months-long downtrend with renewed momentum.
Cryptocurrency prices started the week well as traders and investors started to move back into the industry, pushing the total market cap of all coins to over $2.84 trillion. Bitcoin price jumped to $87,000 for the first time in over a week. That rally led to more gains in the altcoin market.
IOTA could ride the real-world assets surge and decentralized finance traction to gain. Meanwhile, as cryptocurrency prices rise amid Bitcoin's surge to $66k, altcoins such as Kava (KAVA) and Enjin (ENJ) could follow suit. Bitcoin spot ETFs record $366m in net inflows US spot Bitcoin ETFs saw $365.
Binance announces the suspension of ENJ token deposits and withdrawals for a network upgrade on September 9, 2024. Trading activities will remain unaffected.
Cryptocurrencies faced significant bearish pressure on Friday, with Bitcoin briefly dropping below the $58,000 mark, hitting $57,994. Although bulls quickly reclaimed the $58,300 level, the altcoin market bore the brunt of the decline, with Enjin, Dent, and EOS leading the downturn.
Enjin Coin (ENJ) has been navigating a turbulent period as bearish market conditions impact its price trajectory. As of the latest data, ENJ trades at $0.1812, reflecting a decline of 3.4% over the past 24 hours and a steep 39.9% over the past year.
What this project intends to achieve is beyond what we have ever seen. It connects you to lovely places, making the natural world accessible in VR.
In the competitive world of blockchain gaming tokens, 5thScape (5SCAPE) emerges as the top choice, outperforming Mantle Inu (MINU), Enjin (ENJ), and SuperVerse (SUPER). 5thScape's crypto gaming coin, which integrates augmented reality with blockchain technology, offers enhanced gaming experiences. This edge is driving its popularity and adoption among gamers and investors alike.
Major crypto exchange Coinbase has announced the disabling of trading for Metal DAO (MTL) and Enjin Coin (ENJ) on its platform. This action implies that users may no longer be able to trade MTL and ENJ on the Coinbase platform.
Leading crypto exchange Coinbase has announced what the market considers the worst news for Enjin Coin (ENJ) enthusiasts. The trading platform confirmed that it will suspend Enjin Coin on 14 June. The update stirred the markets, with many questioning the motive behind Coinbase's move.
In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued.
Story Highlights The live price of Enjin is ENJ price is expected to hit a maximum of $0.56 by the end of 2024. With a potential surge, the price may go as high as $1.92 by the end of 2030. Non-fungible tokens (NFTs) gained huge popularity in 2020 and 2021 amongst the general public.
Blockchain developer Enjin has transferred 200 million non-fungible tokens (NFTs) to its own blockchain in an effort to boost up the usage of its network. In a blog post on Dec.
Atlas Development Services executive Oscar Franklin Tan told Cointelegraph that to avoid the gas fees for transferring 200 million NFTs, it took a different approach in the migration.
The crypto market entered into a strong recovery in mid-October as market participants showed notable excitement about the potential approval of the first Bitcoin spot ETF. This recovery continued in November and has recorded massive growth in a majority of major cryptocurrencies.
Enjin (ENJ) token has maintained a bearish stance since the 8 November rejection at the hurdle of $0.3277. It traded downward at $0.2829 at press time. While that capped the asset's upward actions, things seem to have changed, with on-chain indicators confirming increasing bull activity.
Story Highlights The current price of Enjin is ENJ price is expected to hit a maximum of $0.44 by the end of 2023. With a potential surge the price may go as high as $1.92 by the end of 2030. Non-fungible tokens (NFTs) gained huge popularity in 2020 and 2021 amongst the general public.
The cryptocurrency markets faced significant turmoil over the last two days, primarily due to the FTX sell-off. Cryptocurrencies witnessed a sharp decline, with the total market capitalization dropping by over 40% at one point yesterday. As of now, there's been a slight market rebound. However, amid this widespread downturn, certain tokens have bucked the trend.
In a groundbreaking move, Crypto.com has given its seal of approval to support Enjin's highly-anticipated debut. This exciting development will simplify the process of transforming Efinity Tokens (EFI) into Enjin Coin (ENJ), offering Crypto.com clients a host of enticing perks.
The cryptocurrency market remains turbulent, marked by widespread uncertainty, as most digital assets exhibit increased volatility. Indeed, the market is eagerly awaiting a significant catalyst that can potentially ignite a price momentum in the upcoming days.
In the dynamic landscape of the cryptocurrency market, Enjin finds itself at a critical juncture, grappling with fluctuating fortunes and an uncertain trajectory. Recent trading sessions have unfolded as a tug-of-war between sellers and buyers, resulting in a fractional 0.22% drop in Enjin's price over the course of the day.
Enjin (ENJ), the native token of the Enjin platform, has recently experienced a remarkable surge in its price, captivating the attention of investors worldwide. The coin's open interest has reached levels not seen since 2021, signaling a newfound enthusiasm for the cryptocurrency.
AI and metaverse tokens are taking hits despite the hype over artificial intelligence and Apple's Vision Pro headset reveal. CoinDesk Executive Director of Global Content Emily Parker breaks down the underperformance of tokens affected by the SEC's lawsuits against Binance and Coinbase.
These five altcoins had a negative performance even though the crypto market was bullish.
As the cryptocurrency market continues to evolve and mature, today's top gainers have shown an impressive bullish trend, leading the pack with notable gains. Injective, Solana, Huobi Token, Render Token, and Monero have all demonstrated strong growth, while Conflux, Optimism, Arbitrum, Mask Network, and Enjin have experienced significant losses, prompting concerns about their future performance.
Enjin Coin price has declined 22% from its 2023 peak. On-chain data suggests more downswing ahead.
Bitcoin and other cryptocurrencies are regaining ground as they move up to retest the above resistance level.
Most investors know that tokens that provide utility to the ecosystem that they help function generally make much better investments, as unlike coins that do not provide utility like meme coins, utility tokens will benefit from a consistent buying pressure brought about by the required use of the token.
Binance included additional 11 tokens in the Proof-of-Reserve (PoR) report. But, the community demands an audit.
Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion.
The results have not been audited by any accounting firms.
Traditional cryptos like Bitcoin, Ethereum, Cardano, Ripple, etc. have been trying very hard to maintain a fine upswing. Some of the altcoins, like XRP, Polygon (MATIC), Dogecoin (DOGE), etc., are rising above bearish captivity.
Contrary to the wider market sentiment, Enjin Coin [ENJ] persevered by sticking to the bullish run it was on since the first week of the new year. According to CoinMarketCap, top-ranked assets, including Bitcoin [BTC] and Ethereum [ETH] shredded gains from the previous day.
Enjin Coin is on fire with 24% daily growth to print new 30-day high
Similar to the majority of major cryptocurrencies, the Enjin coin price witnessed a sustained recovery in the first two weeks of 2023. The coin price has rallied 72.5% since January 1 and currently trades at the $0.39 mark.
Prominent market analytics firm Santiment says that a trio of altcoins is showing healthy signs moving into 2023. According to the crypto intelligence firm, interoperability blockchain Quant (QNT), metaverse protocol Decentraland (MANA) and Ethereum-based (ETH) gaming blockchain Enjin Coin (ENJ) may have bright futures ahead of them.
The entire crypto market felt the wrath of the bear market in the whole of 2022, and as expected, Enjin Coin [ENJ] was not left out of the aftereffect.
Both ENJ and IMPT are making a lot of lists of high-potential projects, but there's a newcomer that generates the most buzz.
The metaverse is the next big technology platform. But don't just take our word for it: this is a direct quote from Bloomberg, which predicts that the metaverse will be an $800 billion market by 2024.
The 2022 bear market has been devastating for crypto investors. However, there are several metaverse tokens that should reap major rewards in the years to come. Decentraland (MANA), The Sandbox (SAND), and Enjin (ENJ) are established metaverse tokens that should 10x during the next bull market.
The text below is an advertorial article that is not part of Cryptonews.com editorial content.
Cryptocurrency whales are now investing heavily on Enjin Coin. Cryptocurrency whale tracker WhaleStats reports a total of 28,551,132 ENJ coins are in the whales' possession.
Enjin Coin, a project of Enjin that provides an ecosystem of interconnected, blockchain-based gaming products, witnessed significant volatility in the past few months. Despite suffering constant losses in this bear market, the ENJ team continued to develop and improve upon their technology.
BudBlockz ($BLUNT) is a cryptocurrency powered marketplace for the cannabis industry. It will also release an exclusive NFT collection known as Ganja Guruz that will provide many benefits including discounts and fractional ownership for its users. Many analysts have predicted a quick price rise for the $BLUNT Token since it has many diverse use cases.
Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. The post Top 10 metaverse tokens tank as interest wanes appeared first on CryptoSlate.
The year is rounding up, and investors in the blockchain industry have seen the cryptocurrency marketplace value drop exponentially. Although the industry is on a downward slope, there are still some cryptocurrencies that are worth investing in before the end of 2022.
Enjin Coin (ENJ/USD), Gala (GALA/USD), and BORA (BORA/USD) are some of the best gamefi tokens you can get this October. Enjin is one of the largest gamefi projects out there; on October 12, 2022, Coins.ph reported that ENJ is widely distributed and has 172,000 unique wallet addresses holding ENJ.