Enjin Coin price is poised for another bull rally as it bounces off a crucial support barrier inside a technical formation. The digital asset is on the verge of a significant 25% move if one of two critical levels breaks. U.K.-based payments platform, Bottlepay, has enabled Bitcoin payments via social media app Twitter. ENJ was also among the top three trending streams on Stocktwits, a social media platform for investors and traders. where he reviews the Enjin platform giving a detailed guide of how the platform works and the purpose of Enjin Coin. The Enjin wallet also comes with a native keyboard that adds a layer of security to the application to prevent snoopers and hackers from capturing your password and private keys as you type on the wallet. What’s more, the wallet allows you to set up thresholds and rules to prevent unauthorized transactions from happening.
The official Reddit community for Enjin Coin is r/EnjinCoin. Learn everything you need to know about successful options trading with this three-part video course. Speculations abound for how high Enjin Coin’s price will get in the future. The earliest trading data for Enjin Coin is on November of 2017 . Events Find out about upcoming crypto events in this section.Partners See a list of COIN360’s partners here.FAQ Find answers to the most common questions regarding COIN360. Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel. According to DigitalCoinPrice, Enjin coin might trade at $0.44 by the end of 2021.
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Atomic Wallet was designed to leverage the potential of atomic swaps and become part of a fully-fledged decentralized cryptocurrency ecosystem. Activate contract data in the settings of the app if you want to send ERC-20 tokens, else invalid status 6a80 is returned. Take your currency with you across any community or game and retain value. Easily setup a site and mobile community with full virtual goods integration. It has a working use case with in a very large community and is proven to be very useful.
Later, ENJ managed to be stable as the expansion of Bitcoin’s price rally at the end of November. With the influence of bearish trend, ENJ traded at $0.04 during January. Dramatically, the price spiked to $0.24 by early March as Enjin Coin gained the attention of the investors and further, the price started to plunge. ENJ traded between $0.06 and $0.15 for several months as the south asian state exchanges announced to tighten the crypto markets. In the past 24 hours, the cryptocurrency market managed to recover about 80$ billion in market capitalization reaching $1.81 trillion. The next target is the astronomical $2 trillion capitalization level.
The top exchanges for trading in Enjin Coin are currently Binance, Upbit, ZG.com, CoinTiger, and FTX. Investment Analysis Hhistorical performance and stats for all cryptocurrencies.GitHub Analysis Development activity for over 950 open source cryptocurrencies. Enjin is chosen by Samsung to back a blockchain wallet in Galaxy S10 smartphone, fueling the strongest single-day gain in the history of the Enjin Coin.
Gold Price News
Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Enjin Coin. This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs. Since March 2, the amount of supply held by non-exchange addresses has skyrocketed 18% to 239.9 ENJ million. However, during the same time, exchange-held addresses’ supply has plummeted from 292 million to 272 million, which is a 7% drop. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
According to CryptoGround, Enjin Coin might stay around $0.22 by the end of 2021. According to TradingBeasts, Enjin Coin is expected to reach an average of $0. An Enjin coin is essentially a token built on the Ethereum Blockchain. The company which is based in Singapore has various ready products like Enjin Network, Enjin Wallet, EnjinX, Efinity, and Enjin Coin . DOGE/USD fades upside break of short-term resistance line, now support. Sustained trading beyond key SMA confluence, three-week-old rising trend line favor bulls. Friday’s low adds to the downside filters, bulls seek fresh monthly top.
Enjin Coin (enj) Reddit Feed
Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. First, we have Exodus, which supports a ton of other cryptocurrencies along with ENJ and is pretty straightforward and easy to use. Just download the app from the official site(exodus.io) and get straight into creating your wallet. Exodus stores your Private Keys on the machine you choose and not on any server, providing you with a relative peace of mind when it comes to the security of your coins. Use Enjin’s marketplace and social network to find and trade game items. The 38.2% Fibonacci retracement level lay at $4.1 for EOS, and a move towards this point was met with swift rejection by the sellers.
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- However, as the ecosystem grows and more ENJ is locked into in-game digital assets, the number of coins actually circulating will decrease.
- Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products.
- The current level has served as a strong base for EOS in its attempt at a recovery, and the same can be expected moving forward as well.
- Use the toggles to view the ENJ price change for today, for a week, for a month, for a year and for all time.
- The 161.8% Fibonacci retracement level at $2.98 could serve as a pitstop for this bull rally.
- The Enjin coin through the Enjin platform simplifies the entire process while guaranteeing security and efficiency.
Also, it might attain more investors and users if it concentrates on the enhancement of its protocol and instant transaction system. The community could focus on revolving the gaming industry. It might enhance its platform by offering flexibility and seamless transparency.
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The MACD line continued to move well above the signal line, while the histogram noted strong bullish momentum. The RSI did, however, show a saturated market and signaled a pullback. A doji candlestick on the 4-hour timeframe cautioned a correction as well. Such a case would likely see ENJ fall towards its first line of defense at $2.25.
Enjin Coin price needs to rise 20.48% to reach a new all-time-high. It has a circulating supply of 934.31M ENJ with a total supply of 1.00B ENJ. ENJ is based on the Ethereum ERC-20 standard which means that all ERC-20 supporting wallets can house your ENJ. The wallet offers a brilliant combination of speed, trustworthiness and simplicity, making it the most popular online wallet for ether and any ERC20-based tokens. This means you hold your own keys, which are encrypted and kept only on your own device, control your own funds and can efficiently swap tokens without needing to go through a centralized exchange.
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It has a circulating supply of 834,313,757 ENJ coins and a max. 24-hour trading volume of ENJ is USD 500,133,000 at exchange markets. The price of the crypto currency has decreased by 3.3% in the last 24 hours.
While the ownership is not the only part of EnjinCoin, in my mind it is the most prominent feature it has to offer and what makes it stand apart from the competitors that are in the same market. Enjin Coin aims to give a true sense of ownership and value to items. The experience they are designing will gives players a very quick fraudless transaction when selling or buying in game items or privileges. Enjin Coin is an ERC20 Token that started out as an ICO around August 2017 and opened its Token Sale publicly be purchased a few months later in October. Enjin is being designed for the gaming industry with both developers and gamers in mind. Parameters are configurable for the cryptocurrency calculator.
Enjin coin is a cryptocurrency that can be used across various different websites and online games. The coin can also be converted into numerous other digital properties like game items or in-game gold. Enjin is ushering in the next phase of the virtual economy. Through the Enjin platform, gaming cryptocurrencies and in-game items will become easy to use and manage with minimal risks. This makes it easier for game developers to create virtual in-game collectible items or NFTs that are not only secured by blockchain but also enhance the overall gaming experience. Similarly, Blagov has stated that the company is focused on adoption, saying he imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain.
It can be bought and sold on both spot and derivatives markets. 10% of the total token supply was reserved for the company for community initiatives, beta testing, marketing and strategic partnerships, while another 10% was reserved for team members and advisors. Team member tokens were locked for the first six months and vested over a period of 24 months, while advisor tokens were locked for two months and fully released afterward. However, as the ecosystem grows and more ENJ is locked into in-game digital assets, the number of coins actually circulating will decrease. According to its whitepaper, Enjin Coin uses a series of both on-chain and off-chain processes. Enjin Coin uses a series of smart contracts to which game developers send ENJ to mint new, unique fungible or nonfungible ERC-1155 tokens.
Exchange Rate Enjin Coin On The Largest Cryptocurrency Exchanges:
Adding credence to this outlook is the divergence between the Enjin Coin supply held on and off exchange addresses. Enjin Coin price created three higher highs and two lower lows in the last two weeks or so. By connecting these pivot points using trendlines, an ascending parallel channel forms. On March 17, the ERC-20 token formed the latest reaction low leading to a 15% upswing as of this writing. Bitcoin had a fantastic week jumping to a new all-time high at $61,844 thanks to weakness from the U.S. dollar after the Federal Reserve issues a FOMC statement. The flagship cryptocurrency has maintained its daily uptrend and targets $70,000 next. Luna continues outperforming the market thanks to a successful launch of its newest protocol built on it, Anchor.
Also, Enjin has set up relations with such companies as Unity, PC Gamer, Arena Match, NRG eSports and a few others which can become a good contribution into the project’s success. Enjin has a multi-national well-knit team standing behind it with proven experience in software engineering, business operations, and blockchain technologies. Its CEO and Creative Director Maxim Blagov has been working on the project ever since its launch. He has received a Computer Science degree at the University of Technology in Sydney. Enjin’s CTO Witek Radomski has been helping Maxim grow the project ever since the foundation. The decision to implement the blockchain technologies was made in 2017 when cryptocurrencies and ICOs were on the rise.
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