Its average cost is expected at around $$4.43 during the year. According to the technical analysis of Enjin Coin prices expected in 2023, the minimum cost of Enjin Coin will be $$0.280. As per the company’s whitepaper, Enjin Coin utilizes a series of both on-chain and off-chain processes. When a deal is completed within the Enjin ecosystem, a reliable and trustworthy Platform contacts the user with stylish wallets. Miners compete among themselves to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted.
- To swap tokens on Uniswap, you’ll need to connect your Ethereum wallet to Uniswap’s website, then choose which tokens you want to swap for.
- Taking this user-first approach and applying it to the realm of blockchain, they set about creating the ultimate all-in-one tokenization platform.
- Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe.
- Engaging projects could attract more consumers to the Enjin Marketplace and contribute to higher on-chain activity, which could also positively impact the value of Enjin Coin.
- Watching major cryptocurrencies’ prices can give you an idea of the cryptocurrency market sentiment, so be sure to keep an eye on price movements.
These assets can then be traded and sold with real-world value. ENJ is a digital store of value that supports blockchain assets such as NFTs. Each asset created with the Enjin Platform has ENJ locked inside it, which is taken out of circulation. The value of these assets is backed by ENJ, which is the cryptocurrency that fuels the Enjin ecosystem. Enjin Coin is a scheme of Enjin, a firm that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin Coin, an ERC-20 token, uses its platform to back the digital assets issued using its platform, meaning that things can be bought, sold, and traded with real-world value.
Buy Enjin Coin (ENJ) with a Credit or Debit Card
The minimum stake required is a hefty 32 ETH, however, and tokens will initially be locked for many months, if not years until Ethereum 2.0 is fully deployed. Besides, Blagov has stated that the company is currently focused on the adoption of the new platform. He imagines tomorrow’s future where millions of gamers use digital items backed by Enjin Coin without even knowing it exists. Taking this user-first approach and applying it to the realm of blockchain, they set about creating the ultimate all-in-one tokenization platform. Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats. You can top up USD, EUR, or GBP from your local bank via a secure bank transfer.
Enjin Coin is one of the most exciting and promising cryptocurrencies to invest in, primarily as it caters to the emerging NFT sector. As an end-to-end service provider for all things NFT, the Enjin platform offers a highly convenient way for anyone to create, distribute, and manage their non-fungible token projects. From humble beginnings, Kraken now offers over 200 digital assets including Enjin Coin (ENJ). For more sophisticated investors Kraken also offers futures and margin trading.
What Gives Enjin Value?
Deposit crypto to our exchange and trade with deep liquidity and low fees. Users take many variables into consideration when deciding how much Enjin Coin to buy. Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of ENJ’s utility. You can also check the Enjin Coin stock price and convert ENJ to CAD on the platform. Perform online research on platforms where you can stake ENJ. Find the best returns and select the most suited option based on APRs and reliability.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Enjin Coin. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. The current Enjin Coin price is at USD 2.78 with a 24-hour business volume of USD 1,718,490,957. The live CoinMarketCap ranking is #42, with a live market capitalization of $2,317,436,795 USD. It has a circulating supply of 834,313,757 ENJ coins and a max.
Top exchanges where I can buy Enjin Coin?
In the middle of the year 2023, the ENJ price will be traded at $$0.371 on average. August 2023 might also witness an increase in the Enjin Coin value to $$0.382. It is assumed that the price will not drop lower than $$0.360 in August 2023. ENJ can be sold by utilizing any of the crypto exchanges where both exchanging and edge exchanging are upheld.
To check Enjin Coin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get.
How to buy, sell and store the cryptocurrency Enjin Coin (ENJ)
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. Ledger is the most popular hardware wallet brand on the market — it’s both affordable and secure. The Ledger Nano S supports over 1,000 different cryptocurrencies, so it’s likely the only cryptocurrency wallet you’ll ever need to buy. Aside from being able to sell in-game items to other players, each in-game item on Enjin has real intrinsic value.
Enjin seeks to become a gaming platform with a low-fee network and entirely free from fraud. The development platform and its blockchain network are suitable to compose, launch and maintain various types of games. According to the How to buy enjin coin latest data gathered, the current price of Enjin Coin is $$0.33, and ENJ is presently ranked No. 100 in the entire crypto ecosystem. The circulation supply of Enjin Coin is $325,897,588.44, with a market cap of 1,000,000,000 ENJ.
On top of that, the platform that preceded the Enjin token is only solidifying Enjin’s place as one of the top cryptocurrencies. Developers need to lock ENJ tokens in order to mint virtual items. Swapping allows you to test out different cryptocurrencies, protect assets from volatility, and diversify your portfolio. Through Ledger Live, you can swap one coin for another without using fiat currencies.
Coinbase added support for the coin earlier this month, and the price shot up to $4 when the token was listed on the exchange. Because Enjin is the leader in the blockchain gaming space, long-term investors take advantage of these dips to continue accumulating Enjin tokens. Enjin is one of the few companies in the blockchain industry that was founded before the prominence of cryptocurrencies. Radomski and Maxim Blagov founded Enjin in 2009 as a gaming community platform and they organically grew their platform to over 20 million users. For example, a game could have a fungible asset (like rubies, gems, elixir) and nonfungible assets (weapons, buildings, skins) within the same smart contract. Downloadable content within the gaming industry is a multibillion-dollar market.