Enjin Coin (ENJ) is another cryptocurrency that will soon be listed on Indodax. Is ENJ a promising cryptocurrency?
EJIN Coin (ENJ): An Overview
ENJ is a cryptocurrency that currently ranks 58 on coinmarketcap.com. ENJ also supports the non-fungible token (NFT) system, which is very popular right now. Cryptocurrency is becoming increasingly popular. But do you realize how important and useful it is?
Enjin Coin is a project of the Enjin platform, a company that offers a network of blockchain-based gaming products. The Enjin Network, a social gaming platform, is the company’s flagship product.
Users can use the engine to create websites and clans, chat, and run virtual goods stores. Enjin empowers game designers to tokenize in-game pieces and store them on the Ethereum blockchain. It employs ENJ, the ERC-20 network’s token.
Enjin Coin (ENJ) is a digital store of value that is used to support the value of non-fungible tokens on the blockchain (NFT). Every investment established with the Enjin Platform includes an ENJ, which is a publishing resource that is confined inside the NFT and removed from circulation.
ENJIN Price Update
Enjin Coin is currently trading at $2.30 USD with a 24-hour trading volume of $311,952,888 USD as of this writing. ENJ has dropped 15.64 percent in the last 24 hours. CoinMarketCap currently ranks #58, with a market cap of $1,921,125,592 USD. There are 834,313,757 ENJ coins in circulation, with a maximum supply of 1,000,000,000 ENJ coins.
Enjin Coin enters 2021 with a market capitalization of $0.13. On a positive note, the price began to rise further and was trading at $3.48. According to coinpedia.org, if shareholders focus on the Enjin Coin, the price will rise to new highs. The all-time high (ATH) price is currently $3.59.
Enjin Coin’s value could skyrocket if the community focuses on lowering transaction fees. The highest value ENJ could reach by the end of 2021 is possibly $10.
This year, ENJ has a good reputation and performance. It’s just that, like other cryptocurrencies, ENJ can crash at any time. As a result, you must devise a trading strategy. In fact, it’s not just for Enjin Coin trading. However, it can also be used to trade in other crypto assets.
Trading for beginners
If you begin trading without having a really good trading strategy, you will also be confused later. When prices are rising, this is a good thing. When prices are falling, this is a bad thing. If you are perplexed, you will make a mistake. And once you’ve taken the step, you’ll be sorry.
This type of perplexity is common among new traders. That is why a trader needs a trading plan. If a plan is in place, the trader will not experience difficulty. According to the principles of a trading plan, you will target your goals. You might not have a goal if users don’t even have a trading plan.
Indodax will continue working with blockchain developers all over the world to create new cryptocurrencies each month. There will be many more rows of crypto assets listed on Indodax that you can use to trade in cryptocurrency.
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