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Enjin Coin Token (ENJ): Everything you Wanted to Know!

Enjin Coin token (ENJ) is one of the most popular cryptocurrencies in the crypto market currently. In terms of market cap, it is currently the 55th largest digital currency (over US$3.11 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the ENJ coin, how it works, and many more.

What is the Enjin Coin token (ENJ)? How does it Work?

What is Enjin Coin? What is Enjin Coin Token (ENJ)?

Enjin is an ecosystem of interconnected gaming products that are based on blockchain technology. One of the projects of this ecosystem is Enjin Coin. The flagship offering of the Enjin Network, which is a social gaming platform that enables users to create websites, clans, and chats. This network also enables users to host virtual item stores.

Game developers can also use Enjin for tokenizing in-game items on the Ethereum blockchain. Enjin Coin (an ERC-20 token) is used by the developers to back the digital assets that are issued with the use of its platform. This means that you can buy, sell, and trade items with real-world value.

Maxim Blagov and Witek Radomski co-founded Enjin. It was in July 2017, the Enjin Coin was first announced. However, it was only in June 2018 that the Enjin Coin was launched on the Ethereum mainnet. Enjin Coin token (ENJ) is a digital store of value that is used for backing the value of blockchain assets such as NFTs (Non Fungible Tokens). If any asset is minted with the help of the Enjin Platform then it contains ENJ.

ENJ is actually a minting resource that is locked inside the nonfungible tokens and are therefore removed from the circulation.

Creators and users can get benefited in a wide array of ways by minting blockchain assets with ENJ:

  • It infuses a reserve value to the assets.
  • It provides transparency.
  • It creates scarcity, which in turn helps the price to increase due to limited supply.
  • It provides utility in games as well as applications.
  • It is anti-inflationary in nature.
  • The “melting” functionality of Enjin enables users to retrieve the ENJ value from within by destroying their blockchain assets at any point in time.
  • The Enjin blockchain ecosystem helps in offering software products that make it easier for everyone to:
  • Develop,
  • Trade,
  • Monetize, and
  • Market with blockchain

The roots of Enjin can be traced back to 2009 when the company brought its first product, the Enjin Network (a gaming community platform). In over 10-years, the Enjin Network has grown to have more than 20 million users.

The ICO (Initial Coin Offering) of the Enjin Coin project was floated in 2017. This enabled the platform to establish itself as a leading blockchain ecosystem developer. It helped to create a suite of software products, enabling everyone to mint, distribute, trade, and manage blockchain assets easily.

Enjin Coin token (ENJ): Facts & Figures

All these facts and figures (as of November 26, 2021) will help you to make a decision on investing in the Enjin Coin token. Before making ENJ token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Enjin Coin ENJ Price: US$3.71 (Current Enjin Coin Price)
  • 24hour Trading Volume (24h Volume): US$1,278,184,734
  • All-Time High (ATH) Price: US$4.85 (reached on Nov 25, 2021)
  • All Time Low (ATL) Price: US$0.01562 (reached on Nov 02, 2017)
  • 24h Low: US$3.60
  • 7d Low: US$3.16
  • 30d Low: US$2.08
  • 90d Low: US$1.19
  • 52 Week Low: US$0.1181
  • YTD (Year-To-Date) Return: 2,903.77% YTD (Year-To-Date)
  • Market Cap: US$3,113,258,532 (US$ 3.11 billion)
  • Crypto Rank (in terms of market cap): 55th in the crypto market
  • Fully Diluted Market Cap: US$3,726,647,361
  • Max Supply: 1,000,000,000
  • Total Supply: 1,000,000,000
  • Circulating Supply: 838,603,684.07 ENJ (84%)

These are the facts that made the ENJ coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily.

ENJ Token Price Prediction

  • According to Wallet Investor, the average price of ENJ is going to reach around:
  • US$$5.085 by 2022
  • US$12.307 by 2026
  • According to Digital Coin Price, the average price of ENJ is going to reach:
  • US$5.71 by 2021-end
  • US$6.83 by 2022
  • US$8.43 by 2023
  • US$8.81 by 2024
  • US$11.6 by 2025
  • US$12.98 by 2026
  • US$15.3 by 2027
  • US$16.97 by 2028
  • According to TradingBeasts, the average price of ENJ is going to reach:
  • US$3.64257 by 2022
  • US$3.71959 by 2023
  • US$3.57691 by 2024
  • According to Gov.Capital, the average price of ENJ is going to reach:
  • US$5.932 by 2022
  • US$7.843 by 2023
  • US$10.368 by 2024
  • US$13.204 by 2025
  • US$16.237 by 2026

Where can you Buy Enjin Coin tokens?

You can buy ENJ coins in almost all reputed cryptocurrency exchanges including:

  • Binance
  • Coinbase Exchange
  • Bithumb
  • Uniswap (V2)
  • Huobi Global
  • KuCoin
  • Balancer, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.

The most popular price pairs of ENJ are:

  • ENJ/BUSD, and many more.

Before investing, check out historical data of token ENJ, crypto news, Enjin Coin token price charts, price performance, market updates, ENJ to USD (United States Dollar) exchange rate, the value of ENJ, trading fees, and others.

What are the Best Crypto Wallets to Store ENJ Coins?

The best Enjin Coin token wallets to store ENJ coins are:

  1. Ledger Nano X
  2. Ledger Nano S
  3. Trezor One
  4. Trust Wallet
  5. Atomic Wallet
  6. MyEtherWallet

Invest in Enjin Coin token and Other Cryptocurrencies

You can buy and sell ENJ and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Enjin Coin token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.

You can also diversify your crypto coin portfolio by including other digital assets such as ENJ, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using ENJegram bots and other automated trading bots, and many more.

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