Enjin Coin (ENJ), Bitcoin (BTC) and the majority of altcoins are known to have lost some of their earnings due to the US Department of Justice Dump.
Enjin Coin, at the time of this writing 24.02% its price in the last 24 hours, showing a tremendous increase like for $0.47 rose up
Altcoin Enjin (ENJ) Rises Up 24%
The increase in the price of Enjin Coin helped the token grow by 51% in the last seven-day period, reaching a thirty-day high at its current price.
Enjin, game developers Ethereum allows it to tokenize in-game items on the blockchain.
While the protocol has increased its influence among developers since its inception, the latest development update from the platform seems to have empowered buyers as they expect extensive ecosystem growth in the coming months.
The protocol makes its platform attractive and easy to use for developers to seize opportunities in the growing Web3.0 gaming world.
The spike in Enjin Coin’s growth is unusual and raises the question of whether the token can sustain the massive price surge it has recorded in the past 24 hours and a week.
While there is still room for the ENJ token to grow, the market overall is unstable and may not be able to support the ambitious price increase that Enjin is currently seeking, given that it is trading at less than 91% of its all-time high of $4.85 (ATH). .
The uniqueness of the Enjin protocol will increase with new developments and alongside its mature partnerships, it could translate into positive price growth in the medium to long term.
*Not investment advice.
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