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    Cryptocurrencies Enjin Coin
    USD
    $0.310485 $ 0.310485
    +¥5204,24 1.7% 1D
    1D 1M 1Y ALL
    Updated:
    LOADING DATA
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    Market Cap (USD)
    310.42M
    24H Volume
    14M
    Circulating Supply
    1000M ENJ
    Max Supply
    1000M ENJ
    All Time High
    4.82
    Rank
    107

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    • About Enjin Coin (ENJ)

      As a blockchain platform focused on creating game NFTs, Enjin was established in 2009. The first product is the Enjin Network gaming community platform, which has gained 20 million users in 10 years. In 2017, Enjin gradually grew towards the blockchain field and completed the token ICO. The Enjin ecosystem enabled game developers and enterprises of all sizes to turn digital assets into on-chain tokens through a strong blockchain infrastructure. This is part of its acquisition, retention, user loyalty and profit-gaining strategy. Users can also use their token ENJ on numerous gaming platforms and gaming websites, thereby allowing players to engage more in the platform.

      A decentralized payment gateway is set up in SDK, one of Enjin's development tools, allowing users to more easily customize and mint NFT products. It also has customized settings covering shopping carts, invoices, refunds, etc. It also allows users to accept payments from Enjin and/or bespoke payments.


      How ENJ works

      Enjin builds a model with more application scenarios for the game community, on which any game developer can create NFTs that suit their own community. These coins need to use Enjin Coin as the associated main currency, while Enjin provides the tokens with excellent product features of the blockchain, including speed, cost, and security. This also means the construction of an ecosystem of interconnected games and communities, linked together by all trusted virtual assets between smart wallets. Users can trade coins or items with other users outside the game.

      The primary application for Enjin is to enable users to use and store virtual goods for games, not just in-game currency but also tokens representing unique game items such as weapons or role accessories.

      To create and burn in-game items, developers first need to purchase ENJ, and then use ENJ to design in-game items. Players participating in the game can buy and receive tokens and, therefore, they can use various functions in the game. In order to increase transaction circulation, players can either trade currency between players or sell tokens, and finally melt and exchange them for ENJ, thereby attracting more users to hold the token.

      The Enjin team has created several SDKs with suites focused on wallets and payment platforms to increase availability and reduce costs. Enjin has also created application programming interfaces (APIs) and its SDK to help enable these elements in games. The SDK minimizes the cost and complexity of creating virtual products.


      What is ENJ?

      Mainly used for circulation and trading on websites and online gaming platforms, Enjin Coin (ENJ) is a digital currency created on the Ethereum ecosystem. The total supply of Enjin Coins (ENJ) is 1 billion, of which 80% of ENJ is allocated to crowdsale participants and the remaining tokens are allocated to advisors and incentive programs, etc.

      In the network ecosystem, Enjin Coin plays an important role in connecting, which means that users who hold ENJ can get the "best list" including virtual goods store, subscription service, trading deposits and items, server, team and games.
      Expand
    • Enjin Coin Market

      Currency Price 24H Change Action
      Enjin Coin
      ENJ /USDT
      3X Margin
      $0.310485 +1.7% Trade
      Enjin Coin
      ENJ /USDT
      Futures
      $0.3072 -0.32% Trade
      Enjin Coin
      ENJ /USDT
      Spot
      $0.310485 +1.7% Trade

    Enjin Coin FAQs

    • 1. What determines the price of Enjin Coin?
      There are two schools of thought in determining the price of Enjin Coin.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Enjin Coin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Enjin Coin from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Enjin Coin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Enjin Coin as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Enjin Coin and the cryptocurrency market as a whole.
    • 2. What is the highest price of Enjin Coin in history?
      Enjin Coin achieved the all-time high of $4.82 in 2021-11-25, and is currently trading at $0.31.
    • 3. What is the lowest price of Enjin Coin in history?
      In 2017-11-12, Enjin Coin reached the all-time low of $0.019.
    • 4. Should I buy Enjin Coin now?
      It is important to remember that Enjin Coin, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Enjin Coin Calculator

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