Enjin (ENJ), the company behind the ENJ coin, is one of the companies attempting to seize the gaming market that has opened up as a result of crypto-networks and non-fungible tokens (NFT). The game, which is based on the Ethereum blockchain, allows players to earn money by playing it. The hours that were “materially lost” on recreational activities can now be transformed into profit using this method.
NFTs can be manufactured and sold using Enjin. This is accomplished by ENJ, which provides a social game platform. The NFTs acquired in the game can be saved in the vaults using this platform. Developers can use the platform to develop in-game accessories and merchandise. Within the virtual world, these products can be bought, sold, exchanged, or used. Program development kits (SDKs) have been distributed to developers so that they can give the software their own distinct taste and personality.
Enjin (ENJ) has also established the $100 million Efinity Metaverse Fund to formalize support for their ecosystem partners and contribute to the realization of the decentralized Metaverse. Unlike Facebook’s metaverse (which Enjin alleges wants to establish an online dictatorship), the Enjin metaverse will be decentralized. With more and more new partnerships, we can expect ENJN to be huge in the future.
Price Movement – Enjin (ENJ)
Before the crash, the coin had created its All-Time High in April 2021 and reached a price of almost $0 before falling down to a price of $0.735 in the next month. From here the price showed reversal and it wasn’t long before a new ATH was created in November and the price reached $4.845. At the time of writing this article Enjin (ENJ) is being traded at a price of $2.54. The price has almost decreased by 13.98% today. In this month alone the price has decreased by only 27.73% though.
The Total volume at the moment is $385,869,704 with a decrease of 30.91% in the past 24 hours. The coin is listed on coinmarketcap on the 64th spot and has a market dominance of about 0.09%.
Long Term Price Prediction – Enjin (ENJ)
Wallet Investor thinks that ENJ is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year ENJ will reach a value of $4.59. In a five-year plan, the price is expected to reach a value of $12.648. Traders think that it would soon reach the expected values in a much less time
