Enjin Coin has shown phenomenal growth in the current year. The cryptocurrency started off the year with a price level of $0.13 but the price exploded upwards in March 2021. Enjin established its new all-time high at $4.0 – an increase of nearly 3,000%. The cryptocurrency fell drastically in the market corrections. However, the cryptocurrency market has turned bullish once again. The market is moving upwards so is Enjin coin. At the time of writing, Enjin stands at a price level of $2.20. The price of the cryptocurrency has jumped up by 7% in the past twenty-four hours while the weekly performance has seen a gain of 14%. The trading volume has increased by more than 100%.
What is Enjin Coin?
ENJ Coin powers the Enjin Network. It is founded by the company Enjin which provides interconnected blockchain based gaming products. The company, Enjin, has its star product the Enjin Network – a social gaming platform. The Enjin software allows developers to create and manage virtual products on the blockchain of Ethereum.
The platform serves as a channel to store digital assets and goods for virtual worlds. Developers can utilize the platform to design in-game accessories and products which can be traded and used in the virtual realm. Enjin has also developed software development kits (SDKs) to facilitate developers. These SDKs decrease the cost of creating digital items all the while easing the process.
What is the future of ENJ?
The future of the cryptocurrency is bright. Enjin Coin is one of the top projects in the crypto space. The network has been highly active in terms of developments and if the team continues its efforts, the bullish predictions for the cryptocurrency are likely to play out. The Network announced the launch of JumpNet smart contracts which makes dApps much more affordable and easier to build. The network also helped the social network Blockster build its first ever non-fungible token. The popular ecommerce website Shopping.io will now be accepting ENJ tokens as a mode of payment.
According to the estimates of Wallet Investor, ENJ coin is expected to operate at a price level of $ in a year’s time. The price is expected to explode in the subsequent years and reach towards $10.33 in five years’ time. Digital Coin Price expects Enjin Coin to end the year with a price of $3.31 and reach towards $7.51 by 2026.
