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. Ignoring bearish cues from the broader altcoin market, Enjin Coin climbed by a stunning 42% in the last 24 hours and traded at its ATH at press time.
It has a circulating supply of 930 Million ENJ coins and a max supply of 1 Billion. Elena is an expert in technical analysis and risk management in cryptocurrency market.
Get a free, feature-rich blockchain wallet used and loved by millions. Products that make it easy for individuals, businesses, and brands to use non-fungible tokens of the future. Use Bitcoin and Bitcoin Cash to play online casino games here.
- Create, import, use, and track an infinite number of crypto trust wallets—all in a streamlined, easy-to-use app.
- This content and any information contained therein, does not constitute a recommendation by Kriptomat to buy, sell and store cryptocurrencies.
- Enjin Coin might be a profitable investment for the long term as it aims to provide more benefits to its users.
- According to its whitepaper, Enjin Coin uses a series of both on-chain and off-chain processes.
- It can be stored on all ERC-20 compatible wallets such as Metamask and MyEtherWallet.
The RSI nosedived from the overbought region and continued its descent at the time of writing as the bulls lost control of the market. The Awesome Oscillator’s red bars were on the verge of moving below the half-line.
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Enjin Coin produces its own wallet software that is available for download on its website, which allows you to store Enjin Coin on your computer. It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. 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.
Enj Bulls Assemble For A 60% Upswing
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The Enjin project is neither the first nor the only one in the gaming industry to implement the blockchain technologies. GameCredits and Worldwide Asset eXchange have a similar offer, but Enjin already has some solid achievements that can help it win over. In March 2019, Enjin set up a partnership with Samsung to integrate its technologies into South Korean Galaxy S10 models.
By the end of 2021, the digital currency might be exchanged at as high as $15. Owing that the crypto market is entirely unstable and unpredictable, it is relatively tough to predict the price of cryptocurrencies. Essentially, it is similar to a gamble and luck rather than any data-driven guesstimate. It might enhance its platform by offering flexibility and seamless transparency. By the end of 2022, Enjin Coin’s price is assumed to be traded at $25. With an Initial Coin Offering, Enjin Coin entered the market with $0.024 during November. The price steadily started to rise as Enjin Coin gained the attention of the investors.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.
Discover, buy and sell rare & unique blockchain gaming assets. ENJ was first announced in 2017 and the team launched the platform’s mainnet the following year in 2018. The Enjin project also leverages non-fungible token technology. This document is compiled from the official whitepaper and relevant documents provided by the project team to provide investors an overview of the cryptocurrency.
Apply as an advisorEnjin’s team has proven capabilities and experience in software engineering, marketing, blockchain technologies, and business operations. We have a solid reputation in the industry, and a long work history together. One of the most innovative platforms I have seen in the crypto space. The Enjin CTO, Witek Radomski, is recognised as having introduced the premier digital collectable token standard ERC-1155.
Interact with any DApp with the single click of a button—without leaving the safety of your crypto wallet. Scan a QR code to instantly receive ERC-20 airdrops, altcoins, NFTs, and other valuable ERC-721 and ERC-1155 digital assets. Easily stash your blockchain assets and NFT collectibles and trade them on the Enjin Marketplace. Buy NFTs with the scan of a QR code, and sell them with a few taps of a screen. Create, import, use, and track an infinite number of crypto trust wallets—all in a streamlined, easy-to-use app. Create a Bitcoin wallet , Ethereum wallet , Litecoin wallet , Binance Coin wallet , Dogecoin , ERC-20, ERC-721, and ERC-1155 wallets.
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This piece of news was highly discussed in the media and made the ENJ coin’s price skyrocket. 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.
EMAs are among the most widely used methods of measuring the way a cryptocurrency is trending. This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Kriptomat or any of its affiliates and Kriptomat is not responsible for its content. This content and any information contained therein, does not constitute a recommendation by Kriptomat to buy, sell and store cryptocurrencies. and Samsung has integrated the Enjin wallet into their flagship blockchain-enabled Samsung Galaxy S10 smartphone. To enable this infrastructure, Enjin was launched in March 2019 as a PaaS for creating and managing blockchain games without the complexity of blockchain development and maintenance. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
How do I use enjin wallet?
Go back to Coinbase and click Accounts at the top, then select your “ETH Wallet”. Tap “Send”, paste your wallet address into the “Recipient” field and enter in the amount you wish to send to your wallet. Confirm once you have checked everything is ok. You should shortly receive and see the funds in your Enjin Wallet.
With pioneering security features unlike any other wallet, the Enjin Wallet turns your phone into a hardware-like blockchain and crypto wallet. Buy, sell, send or exchange Bitcoin and other cryptocurrencies easily from your Enjin Wallet. Unlock capabilities of decentralized exchanges to help manage your crypto portfolio. MarketBeat’s community ratings are surveys of what our community members think about Enjin Coin and other cryptocurrencies. Vote “Outperform” if you believe the stock will outperform other cryptocurrencies over the long term. Vote “Underperform” if you believe the stock will underperform other cryptocurrencies over the long term.
Nor are the Weiss Cryptocurrency Ratings intended to endorse or promote an investment in any specific cryptocurrency. The SEC, CFTC and other regulators have expressed concerns with the volatility of the market and the actions of sponsors of specific cryptocurrencies.
So far the Enjin team has done well to secure partnerships in a move to increase the adoption of the Enjin platform. Some of the platform’s notable partnerships include a recent partnership with Atari which is a known giant in the video gaming world. Atari’s partnership with Enjin will enable the development of three games on the Enjin ecosystem. The Enjin Marketplace eliminates the risk of getting scammed by rogue traders as the marketplace allows users to verify token ownership, rarity, and authenticity. Thanks to its intuitive user interface, a user can find on-sale assets seamlessly, view how many times the asset has been transferred, and even view the holders of that asset. CoinGecko provides a fundamental analysis of the crypto market.
She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. 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.
ENJ skyrocketed 71% after the news and is now exchanging hands at $0.4385, according to market data. 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. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. HitBTC is a platform for digital asset and currency exchange where you can quickly and securely trade Bitcoin, Ethereum, EOS, Tether and many other cryptocurrencies. Several trading options are present, including spot and OTC markets. The platform’s interface is very intuitive and easy to navigate.