NewsPrice Analysis

Enjin Coin Price Analysis – ENJ/USD Spikes 15.73% With Latest Developments

At present,  few tokens have seen some significant gains. One coin that stood out among the rest is the enjin coin (ENJ). The coin received a major push with 15.73% spike and is currently holding 57th position.

According to coin market cap, at the time of writing, the coin is trading at $0.154664 USD with trading value 0.00003031 BTC (13.20%) against bitcoin and 0.00093196 ETH (13.62%). The current market cap of the coin is $118,644,247 USD with $19,160,148 USD 24-hour volume and Circulating Supply of 767,107,985 ENJ.

Enjin Launches Blockchain Asset Support for EnjinX Explorer

Basically, Enjin is an innovate solution for the gaming industry. It has built one of the fastest blockchain explorers called EnjinX.

At present, Enjin added support for ERC-1155 blockchain assets, based on a token standard, which the company’s CTO created. Also, the functionality of ERC-1155 tokens allows a “Ready Player One” to be developed. Till now the world’s most well-known games were controlled by massive corporations. At present, the infrastructure is being built for a whole new era in gaming. Moreover, Enjin is developing a wide range of tools that make blockchain’s integration into gaming and other industries quite easier.

Considering all the things, we may assume that the reason behind sudden growth might be the recent updates and developments. Hope the bullish event stays longer for enjin coin (ENJ)


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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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